USD/JPY Forecast March 24, 2015, Technical Analysis

by FX Empire | March 24, 2015 10:04 am
The USD/JPY pair went back and forth during the course of the session on Monday, as the 120 level offered resistance. However, we believe that ultimately this market will find enough buyers to push this particular market...

USDJPY Daily Analysis – March 24, 2015

by ForexCycle.com | March 24, 2015 2:15 am
USDJPY is facing 119.29 support, a breakdown below this level will indicate that the downtrend from 122.02 has resumed, then next target would be at 118.00 area. Resistance levels are at 121.20 and 122.02, only break above...

USDJPY Daily Analysis – March 23, 2015

by ForexCycle.com | March 23, 2015 3:29 am
USDJPY remains in downtrend from 122.02, the rise from 119.29 could be treated as correction of the downtrend. Support is at 119.29, a breakdown below this level could signal resumption of the downtrend, then next target would...

USDJPY Weekly Analysis – March 22, 2015

by ForexCycle.com | March 22, 2015 7:05 am
After touching 121.84 resistance, USDJPY pulled back into the trading range between 115.56 and 121.84, indicating that lengthier consolidation for the uptrend from 101.06 (Jul 10, 2014 low) is underway. Deeper decline to 114.00 area to complete...

USD/JPY Forecast March 23, 2015, Technical Analysis

by FX Empire | March 21, 2015 5:40 am
The USD/JPY pair  initially tried to rally during the course of the session on Friday, but turned back around to fall the way down to the hundred and 20 level. That being the case, the market looks...

USD/JPY Forecast March 20, 2015, Technical Analysis

by FX Empire | March 20, 2015 5:49 am
The USD/JPY pair rose during the course of the session on Thursday, as the 120 level continues offer support. We believe that the US dollar will continue to strengthen over the longer term, given the fact that...

USDJPY Daily Analysis – March 20, 2015

by ForexCycle.com | March 20, 2015 3:31 am
USDJPY is now in downtrend from 122.02, the rise from 119.29 would possibly be correction of the downtrend. Another fall could be expected, and next target would be at 118.00 area. Resistance is at 122.02, only break...

USD/JPY Forecast March 19, 2015, Technical Analysis

by FX Empire | March 19, 2015 6:17 am
The USD/JPY pair fell hard during the course of the day on Wednesday as the Federal Reserve announced its monetary policy, suggesting that perhaps they will have to be patient for longer than anticipated about rate increases....

USDJPY Daily Analysis – March 19, 2015

by ForexCycle.com | March 19, 2015 4:32 am
USDJPY broke below 120.66 support, indicating that the uptrend from 118.23 had completed at 122.02 already. The pair is now in downtrend, further decline could be expected over the next several days, and the target would be...

USD/JPY Forecast March 18, 2015, Technical Analysis

by FX Empire | March 18, 2015 8:31 am
The USD/JPY pair went back and forth during the day on Tuesday, essentially forming a hammer yet again. Because of this, the market looks as if it is completely supported below, probably finding a bit of a...