USDJPY Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 3:59 am
USDJPY broke below 102.11 support, indicating that the uptrend from 100.83 had completed at 102.79 already. Deeper decline would likely be seen, and next target would be at 101.30 area. Resistance is at 102.40, only break above...

USD/JPY Forecast June 11, 2014, Technical Analysis

by FX Empire | June 11, 2014 9:00 am
The USD/JPY pair fell during the course of the session on Tuesday, but finds the 102 level supportive yet again. That area has been supportive time and time again, and as a result we are looking for...

USDJPY Daily Analysis – June 11, 2014

by ForexCycle.com | June 11, 2014 4:57 am
USDJPY moved sideways in a trading range between 102.11 and 102.79. Key support is at 102.11, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...

USDJPY Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:29 am
USDJPY stays in a rising price channel on 4-hour chart, and remains in uptrend from 100.83, the fall from 102.79 is likely consolidation of the uptrend. Initial support is located at the lower line of the channel,...

USDJPY Daily Analysis – June 9, 2014

by ForexCycle.com | June 9, 2014 2:33 am
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 100.83. As long as the trend line support holds, the fall from 102.79 could be treated as consolidation of the uptrend. The...

USDJPY Weekly Analysis – June 7, 2014

by ForexCycle.com | June 7, 2014 1:09 pm
USDJPY failed to break below 100.75 support and rebounded from 100.82, indicating that lengthier sideways movement in a range between 100.75 and 105.44 is underway. As long as 100.75 support holds, the price action from 105.44 could...

USD/JPY Forecast June 9, 2014, Technical Analysis

by FX Empire | June 7, 2014 7:32 am
The USD/JPY pair fell during the bulk of the session on Friday after the nonfarm payroll numbers came out, but found enough support near the 102 level to bounce and form a nice-looking hammer. However, the 103...

Trading the NFP Release with USD/JPY (June 6, 2014)

by Kate Curtis | June 6, 2014 5:12 am
USD/JPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame. Stochastic bounced from the oversold...

USDJPY Daily Analysis – June 6, 2014

by ForexCycle.com | June 6, 2014 5:05 am
USDJPY remains in uptrend from 100.83, the fall from 102.79 could be treated as consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds,...

USD/JPY Forecast June 6, 2014, Technical Analysis

by FX Empire | June 6, 2014 5:04 am
The USD/JPY pair initially rose during the session on Thursday, but turned back around and fell to form a shooting star. With the nonfarm payroll number coming out today, that is not a surprise as this market...