USD/JPY Forecast May 23, 2016, Technical Analysis

by FX Empire | May 22, 2016 5:30 am
The USD/JPY pair initially tried to rally during the day on Friday but turned back around to form a bit of a shooting star. Because of this, it looks as if the market could pull back from...

USD/JPY Forecast May 20, 2016, Technical Analysis

by FX Empire | May 20, 2016 5:50 am
The USD/JPY pair fell slightly during the course of the session on Thursday, breaking below the 110 level. With this being the case, the market looks as if we are struggling a bit at this large number....

USD/JPY Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:11 am
The USD/JPY pair had a positive session on Wednesday, as we continue to reach towards the 110 handle. The 110 handle been broken to the upside would be a rather positive sign, as we would then more...

USD/JPY Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:15 am
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turned around to form a bit of a shooting star as the 110 level above continues to be massively resistive. It...

USD/JPY Forecast May 17, 2016, Technical Analysis

by FX Empire | May 17, 2016 5:40 am
The USD/JPY pair rose slightly during the day on Monday, as we continue to bounce around the 109 handle. With that being the case, looks like we are trying to build up enough momentum to finally break...

USDJPY Downtrend Correction (May 16, 2015)

by Kate Curtis | May 16, 2016 9:10 am
USDJPY has been trending lower on its 4-hour chart, moving below a descending trend line connecting the latest highs of price action. The pair is currently stalling between the 50% and 61.8% Fibonacci retracement levels, which keep...

USDJPY Weekly Analysis – May 15, 2016

by ForexCycle.com | May 15, 2016 9:55 am
USDJPY remains in downtrend from 123.75, the rise from 105.54 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the...

USD/JPY Forecast May 16, 2016, Technical Analysis

by FX Empire | May 15, 2016 9:14 am
The USD/JPY pair initially tried to rally but then turn right back around to form a slightly negative candle. By doing so, looks as if we are going to continue to bounce around in this general vicinity...

USD/JPY Forecast May 12, 2016, Technical Analysis

by FX Empire | May 12, 2016 8:41 am
The USD/JPY pair fell initially during the course of the session on Wednesday, but at the end of the day will we are really looking at is the fact that we are starting to dig into significant...

USD/JPY Forecast May 10, 2016, Technical Analysis

by FX Empire | May 10, 2016 6:05 am
The USD/JPY pair rose during the course of the day on Monday, clearing the hammer that had formed on Friday. This is a very bullish sign, but keep in mind that this is a market that has...