USD/JPY Forecast April 26, 2017, Technical Analysis
The USD/JPY pair rallied during the day on Tuesday, breaking towards the 111 handle. I think that the market is going to try to reach the 112 level again but there is a lot of noise above....
Tag: USDJPY
USDJPY Daily Analysis – April 26, 2017
USDJPY’s upward movement from 108.13 extended to as high as 111.39. Further rise could be expected over the next several days, and next target would be at 112.00 area. Support levels are at 110.50 and 110.00, as...
USD/JPY Forecast April 25, 2017, Technical Analysis
The USD/JPY pair gapped higher at the open on Monday, but has spent most of the session trying to retrace that gap. Because of this, I believe that the short-term pressure may be to the downside. A...
USDJPY Daily Analysis – April 25, 2017
USDJPY stays in a ascending price channel on 4-hour chart and remains in short term uptrend from 108.13. As long as the pair is in the channel, the upward movement could be expected to continue, and next...
USDJPY Daily Analysis – April 24, 2017
USDJPY broke above the top of the descending price channel on 4-hour chart, indicating that the downward movement from 112.19 had completed at 108.13 already. However, the bounce from 108.13 would possibly be consolidation of the longer...
USDJPY Weekly Analysis – April 23, 2017
USDJPY’s downward movement from 118.66 extended to as low as 108.13. Further decline could be expected after consolidation and next target would be at 106.00 area. Near term resistance is at 110.00, as long as this level...
USD/JPY Forecast April 24, 2017, Technical Analysis
The USD/JPY pair fell slightly during the day on Friday as we continue to bang around in a consolidated area. I think given enough time, the market should then reach towards the 110 level above, and I...
USD/JPY Forecast April 21, 2017, Technical Analysis
The USD/JPY pair rally during the day on Thursday, breaking above the 109 handle. Because of this, I think that the market may try to get to the 110 level, but I still believe that the market...
USDJPY Daily Analysis – April 21, 2017
USDJPY is facing the resistance of the descending price channel on 4-hour chart. A clear break above the channel resistance will indicate that the downtrend from 112.19 had completed at 108.13 already, then further rise to 110.50...
USD/JPY Forecast April 20, 2017, Technical Analysis
The USD/JPY pair rallied during the day on Wednesday, as we continue to try to build support below. Ultimately, I think if we can break above the highs from the session on Wednesday, the market should then...