USDJPY Weekly Analysis – April 26, 2015

by ForexCycle.com | April 26, 2015 9:27 am
USDJPY is forming a sideways consolidation in a range between 115.56 and 122.02. Another fall to 115.00 area to complete the consolidation would likely be seen over the next several weeks. Key support is at 112.00, as...

USD/JPY Forecast April 27, 2015, Technical Analysis

by FX Empire | April 25, 2015 10:20 am
The USD/JPY pair fell hard during the course of the session on Friday, as the pair continues to bang around and consolidate. Just below at the 118.50 level we see quite a bit of support, so we...

USD/JPY Forecast April 24, 2015, Technical Analysis

by FX Empire | April 24, 2015 5:47 am
The USD/JPY pair initially rallied during the course of the session on Thursday, and then turned around to fall. By doing so, it looks like we should find some type of value below, and a supportive candle...

USD/JPY Forecast April 23, 2015, Technical Analysis

by FX Empire | April 23, 2015 5:55 am
The USD/JPY pair initially fell during the session on Wednesday, but found enough support below to turn things back around and form a bit of a hammer. Because of this, the market looks as if it is...

USD/JPY Forecast April 22, 2015, Technical Analysis

by FX Empire | April 22, 2015 5:45 am
The USD/JPY pair rose during the course of the session on Tuesday, plowing into the 120 handle. That level offered a little bit of resistance, but ultimately it’s only a matter time before we break above there...

USD/JPY Forecast April 21, 2015, Technical Analysis

by FX Empire | April 21, 2015 5:51 am
The USD/JPY pair initially fell during the day on Monday, but found enough support at the 118.50 level to turn things back around. Ultimately, we feel that the market should continue to go higher now, as the...

USDJPY Triangle Formation (Apr 20, 2015)

by Kate Curtis | April 20, 2015 5:59 am
USDJPY has been consolidating tightly recently, as the pair even formed a long-term triangle formation on the daily chart. The pair has created higher lows and found resistance at the 121.00 handle, forming an ascending triangle chart...

USDJPY Weekly Analysis – April 19, 2015

by ForexCycle.com | April 19, 2015 8:51 am
USDJPY continued its sideways movement in a range between 115.56 and 122.02. Another fall to test 115.56 support is possible, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend...

USD/JPY Forecast April 20, 2015, Technical Analysis

by FX Empire | April 19, 2015 1:14 am
The USD/JPY pair went back and forth during the course of the session on Friday, but as you can see had a slightly negative result. With that being the case, the market looks as if it is...

USD/JPY Forecast April 17, 2015, Technical Analysis

by FX Empire | April 17, 2015 6:34 am
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but found the area above the 119 level to be a bit too resistive. By finding that, it ended up turning back...