USD/JPY Forecast May 9, 2016, Technical Analysis

by FX Empire | May 9, 2016 7:48 am
The USD/JPY pair fell a bit during the course of the session on Friday as we got fairly weak jobs numbers out of the United States. However, there is a significant amount of support just below, so...

USDJPY Weekly Analysis – May 8, 2016

by ForexCycle.com | May 8, 2016 1:39 pm
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

USD/JPY Forecast May 6, 2016, Technical Analysis

by FX Empire | May 6, 2016 6:27 am
The USD/JPY pair went back and forth during the course of the day on Thursday, showing that we saw quite a bit of volatility. If we can break higher, the 108 level will be tested. I think...

USD/JPY Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:28 am
The USD/JPY pair initially fell during the day on Wednesday but found enough support near the 106 level to turn things back around and form a hammer. The hammer of course is a bullish sign, and it...

USD/JPY Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:04 am
The USD/JPY pair initially fell during the course of the session on Tuesday, reaching towards the 105 level. This is an area that we have been talking about as being extremely important for some time, so having...

USD/ JPY Forecast May 3, 2016, Technical Analysis

by FX Empire | May 3, 2016 5:44 am
The USD/JPY pair rallied during the day on Monday, but turned right back around to form a bit of an exhaustive candle. That being the case, looks as if the US dollar will continue to fall against...

USDJPY Weekly Analysis – May 1, 2016

by ForexCycle.com | May 1, 2016 8:19 am
After consolidation, USDJPY continued tis downward movement from 123.75, and the fall extended to as low as 106.27. Near term resistance is at the downward trend line on daily chart, and the key resistance is at 111.88,...

USD/JPY Forecast April 29, 2016, Technical Analysis

by FX Empire | April 29, 2016 6:49 am
The USD/JPY pair fell during the course of the session on Thursday, following a massive move lower on Wednesday. This was predicated mainly upon the idea that the Bank of Japan did nothing to continue quantitative easing,...

USD/JPY Forecast April 28, 2016, Technical Analysis

by FX Empire | April 28, 2016 8:14 am
The USD/JPY pair rose during the course of the day on Wednesday, as we continue to try to grind higher after the significant fall though we had seen previously. With this, we think there is massive support...

USD/JPY Forecast April 27, 2016, Technical Analysis

by FX Empire | April 27, 2016 6:07 am
The USD/JPY pair initially fell during the course of the session on Tuesday but turn right back around to form a significantly bullish candle. That being the case, the market looks as if it is going to...