USDJPY Daily Analysis – May 29, 2014

by ForexCycle.com | May 29, 2014 2:03 am
USDJPY broke below 101.70 support, indicating that the uptrend from 100.83 had completed at 102.13 already. Range trading between 101.25 and 102.13 would likely be seen over the next several days. Resistance is at 102.13, only break...

USD/JPY Forecast May 28, 2014, Technical Analysis

by FX Empire | May 28, 2014 5:53 am
The USD/JPY pair fell during a large portion of the session on Tuesday, but eventually found enough support to form a relatively positive looking hammer. Because of this, we feel that a break of the top of...

USDJPY Daily Analysis – May 28, 2014

by ForexCycle.com | May 28, 2014 3:55 am
USDJPY’s upward movement from 100.83 extended to as high as 102.13. Support is now at 101.70, as long as this level holds, the uptrend could be expected to continue, and next target would be at 102.80 area....

USD/JPY Forecast May 27, 2014, Technical Analysis

by FX Empire | May 27, 2014 8:27 am
The USD/JPY pair went back and forth during the session on Monday, and what would’ve been a fairly illiquid session. After all, the Americans and the British both were away for holiday, and that of course would...

USDJPY Daily Analysis – May 27, 2014

by ForexCycle.com | May 27, 2014 2:01 am
USDJPY is now in uptrend from 100.83. Further rise would likely be seen in a couple of days, and next target would be at 102.80 area. Support is at 101.55, only break below this level will indicate...

USDJPY Daily Analysis – May 26, 2014

by ForexCycle.com | May 26, 2014 2:35 am
USDJPY broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 103.02 had completed at 100.83 already. Further rise could be expected, and next target would be at 102.80 area....

USDJPY Weekly Analysis – May 25, 2014

by ForexCycle.com | May 25, 2014 5:03 am
USDJPY is testing 100.75 support, a breakdown below this level will signal completion of the uptrend from 93.79 (Jun 13, 2013 low), then the following downward movement could bring price to 96.00 area. On the upside, as...

USD/JPY Forecast May 26, 2014, Technical Analysis

by FX Empire | May 24, 2014 11:55 am
The USD/JPY pair initially fell during the session on Friday, but broke higher close just below the 102 handle. With that being the case, we feel that the market will continue to grind its way back to...

USD/JPY Forecast May 22, 2014, Technical Analysis

by FX Empire | May 22, 2014 6:08 am
The USD/JPY pair initially fell hard during the session on Wednesday, dipping below the significant 101 level. That level has been rather supportive over the last several weeks and as a result we were a bit surprised...

USDJPY Daily Analysis – May 22, 2014

by ForexCycle.com | May 22, 2014 3:47 am
Being contained by 100.75 (Feb 4 low) support, USDJPY rebounded from 100.83. Resistance is now at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the rise from 100.83...