USD/JPY Forecast June 27, 2016, Technical Analysis

by FX Empire | June 26, 2016 6:50 am
The USD/JPY pair fell significantly during the course of the session on Friday, breaking well below the 100 level at one point. However, the market turned around and formed a massive hammer, so if we can break...

USD/JPY Forecast June 24, 2016, Technical Analysis

by FX Empire | June 24, 2016 6:42 am
The USD/JPY pair initially fell during the day on Thursday but turned right back around and broke well above the 105 level. By doing so, it looks as if the market is going to continue to show...

USD/JPY Forecast June 23, 2016, Technical Analysis

by FX Empire | June 23, 2016 5:09 am
The USD/JPY pair fell during the day on Wednesday, testing the 105 level for resistance. That being the case, the market looks as if it is trying to continue to consolidate between the 103 level on the...

USD/JPY Forecast June 22, 2016, Technical Analysis

by FX Empire | June 22, 2016 5:53 am
The USD/JPY pair broke higher during the course of the session on Tuesday, but as you can see the 105 level continues to be resistive. Because of this, I’m waiting to see whether or not we get...

USD/JPY Forecast June 21, 2016, Technical Analysis

by FX Empire | June 21, 2016 6:27 am
USD/JPY initially rallied during the day on Monday, but then turned right back around to form a fairly negative candle. That of course gives us an opportunity to sell this market on short-term rallies as they appear....

GBPJPY Support Turned Resistance (June 20, 2016)

by Kate Curtis | June 20, 2016 5:20 am
GBPJPY recently broke below support around the 153.50 to 154.00 levels and dipped to a low of 145.50. From there, price showed signs of a correction and applying the Fib tool on the latest swing high and...

USDJPY Weekly Analysis – June 19, 2016

by ForexCycle.com | June 19, 2016 2:42 pm
After consolidation, USDJPY broke below 105.54 previous low support, and continued its downward movement from 123.75. Further decline could be expected over the next several weeks, and next target would be at 100.00 area. Key resistance is...

USD/JPY Forecast June 20, 2016, Technical Analysis

by FX Empire | June 18, 2016 9:12 am
The USD/JPY pair fell during the day on Friday, showing signs of weakness yet again. That being the case, it looks as if we are going to try to reach down towards the lows that we formed...

USD/JPY Forecast June 16, 2016, Technical Analysis

by FX Empire | June 16, 2016 5:43 am
The USD/JPY pair initially broke out to the upside during the course of the day on Wednesday, but turned right back around to form a bit of a shooting star. However, as I record this pre-FOMC, the...

USD/JPY Forecast June 15, 2016, Technical Analysis

by FX Empire | June 15, 2016 5:57 am
The USD/JPY pair initially fell during the course of the day on Tuesday, but found the area below the 106 level to offer quite a bit of support as it has been doing recently. With that being...