USD/JPY Forecast August 25, 2016, Technical Analysis

by FX Empire | August 25, 2016 6:25 am
The USD/JPY pair initially fell during the day on Wednesday, but we turn right back around as the 100 level continues to offer support. This being the case, the market is paying attention to the fact that...

USD/JPY Forecast August 24, 2016, Technical Analysis

by FX Empire | August 24, 2016 7:39 am
The USD/JPY pair struggled a bit during the course of the day but did find enough support at the 100 level to turn things back around and form a strong hammer. The hammer of course is a...

USD/JPY Forecast August 23, 2016, Technical Analysis

by FX Empire | August 23, 2016 6:49 am
The USD/JPY pair initially tried to rally during the day on Monday, but then turn right back around to reach towards the 100 level. The 100 level of course has a large, psychologically significant amount of weight...

USD/JPY Forecast August 22, 2016, Technical Analysis

by FX Empire | August 22, 2016 6:36 am
The USD/JPY pair bounced slightly during the course of the session on Friday, as the 100 level offered a bit of support. This being the case, the market looks as if it could bounce from here, but...

USDJPY Weekly Analysis – August 21, 2016

by ForexCycle.com | August 21, 2016 1:08 pm
USDJPY is facing 98.97 support, a breakdown below this level will signal resumption of the downtrend from 123.75 (Nov 18, 2015 high), then next target would be at 95.00 area. Key resistance is at 107.48, only break...

USD/JPY Forecast August 19, 2016, Technical Analysis

by FX Empire | August 19, 2016 6:42 am
The USD/JPY pair went back and forth during the course of the session on Thursday, forming a somewhat exhaustive candle. If we can break down below the 99.50 level, I feel at that point in time we...

USD/JPY Forecast August 18, 2016, Technical Analysis

by FX Empire | August 18, 2016 6:55 am
The USD/JPY pair initially tried to rally during the course of the session, as the Tuesday markets have shown a bit of strength originally. However, we turned right back around to form a bit of a shooting...

USD/JPY Forecast August 17, 2016, Technical Analysis

by FX Empire | August 17, 2016 5:44 am
The USD/JPY pair broke down during the day on Monday, as we tested the 100 handle finally. However, this is a market that was banking on potential lack of interest-rate hikes coming out of the United States,...

USD/JPY Forecast August 16, 2016, Technical Analysis

by FX Empire | August 16, 2016 8:15 am
The USD/JPY pair did very little during the course of the day on Monday, simply grinding sideways. With that being the case, the market looks as if it is prepared to simply sit at the 101 level....

USD/JPY Forecast August 15, 2016, Technical Analysis

by FX Empire | August 15, 2016 9:56 am
The USD/JPY pair fell during the course of the day on Friday, as we continue to see bearish pressure. However, I believe that the 100 level below is massively supportive not only due to the psychological significance...