USDJPY Daily Analysis – August 13, 2020

by ForexCycle.com | August 12, 2020 10:38 pm
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 108.16 (Jul 1 high) had completed at 104.18 already. Further rally could be expected in the coming days and next target...

USDJPY Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 4:59 am
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance would indicate that the downtrend from 108.16 (Jul 1 high) had completed at 104.18 already,...

USDJPY Daily Analysis – August 11, 2020

by ForexCycle.com | August 10, 2020 10:27 pm
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 108.16 (Jul 1 high). As long as the trend line resistance holds, the downtrend could be expected to resume, and...

USDJPY Daily Analysis – August 10, 2020

by ForexCycle.com | August 10, 2020 5:02 am
No changed in our view, USDJPY remains in the downtrend from 108.16, as long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to resume, and further...

USDJPY Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:23 am
USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 111.71. As long as the trend line resistance holds, the bounce from 104.18 could be treated as consolidation for the...

USDJPY Daily Analysis – August 6, 2020

by ForexCycle.com | August 5, 2020 10:36 pm
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 108.16. As long as the trend line resistance holds, the bounce from 104.18 could be treated as corrective consolidation for...

USDJPY Daily Analysis – August 5, 2020

by ForexCycle.com | August 5, 2020 3:39 am
USDJPY failed to break above the resistance of the falling trend line on the 4-hour chart and pulled back from 106.47. As long as the trend line resistance holds, the downtrend from 108.16 could be expected to...

USDJPY Daily Analysis – August 4, 2020

by ForexCycle.com | August 3, 2020 10:01 pm
USDJPY extended its upside movement from 104.18 to as high as 106.47. Further rally would likely be seen and next target would be at the falling trend line on the 4-hour chart. Near term support is at...

USDJPY Daily Analysis – August 3, 2020

by ForexCycle.com | August 2, 2020 10:32 pm
USDJPY broke above 105.50 resistance, suggesting that the downside movement from 108.16 had completed at 104.18 already. Further rally could be expected in the coming days and next target would be at the falling trend line on...