USDJPY Daily Analysis – July 23, 2014

by ForexCycle.com | July 23, 2014 7:30 am
USDJPY continued its sideways movement in a range between 101.06 and 101.78. The price action in the range is likely consolidation of the downtrend from 102.79 (Jun 4 high), another fall to test 100.75 support is possible...

USD/JPY Forecast July 22, 2014, Technical Analysis

by FX Empire | July 22, 2014 5:52 am
The USD/JPY pair initially fell during the session on Monday, but found enough support just above the 101 level to turn things back around and form a hammer. This hammer of course is a bullish sign, but...

USDJPY Daily Analysis – July 22, 2014

by ForexCycle.com | July 22, 2014 2:01 am
USDJPY moved sideways in a trading range between 101.06 and 101.78. As long as 101.78 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 102.79 (Jun 4 high), another fall to test...

USDJPY Daily Analysis – July 21, 2014

by ForexCycle.com | July 21, 2014 2:52 am
USDJPY stays in a trading range between 101.06 and 101.78. Resistance is at 101.78, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 102.79 (Jun...

USDJPY Weekly Analysis – July 20, 2014

by ForexCycle.com | July 20, 2014 3:59 am
USDJPY is testing 100.75 support, a breakdown below this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 105.44 already, then deeper decline to 97.00 area could be seen....

USD/JPY Forecast July 21, 2014, Technical Analysis

by FX Empire | July 19, 2014 12:37 pm
The USD/JPY pair rose a little bit during the course of the session on Friday, showing the 101 level as support is still. The candle itself isn’t that impressive, but the fact that we hold this area...

USD/JPY Forecast July 18, 2014, Technical Analysis

by FX Empire | July 18, 2014 7:36 am
The USD/JPY pair fell hard during the session on Thursday, testing the support level just below at the 101 handle. Because of this, we believe that the buyers will stepping into this marketplace, and then the pair...

USDJPY Daily Analysis – July 18, 2014

by ForexCycle.com | July 18, 2014 12:38 am
USDJPY is facing 101.06 support, a breakdown below this level will signal resumption of the downtrend from 102.79 (Jun 4 high), then deeper decline to test 100.75 key support could be seen. Resistance is now at 101.78,...

USD/JPY Forecast July 16, 2014, Technical Analysis

by FX Empire | July 16, 2014 7:05 am
The USD/JPY pair broke higher during the session on Tuesday, after initially dipping. However, we are closer to the bottom of the consolidation area them the top, so it makes sense that we would continue to see...

USDJPY Daily Analysis – July 16, 2014

by ForexCycle.com | July 16, 2014 3:33 am
USDJPY’s upward movement from 101.06 extended to as high as 101.76. Further rise could be expected, and next target would be at 102.10 area. Support levels are at 101.30 and 101.06, only break below these levels could...