USD/JPY Forecast May 15, 2014, Technical Analysis

by FX Empire | May 15, 2014 4:31 am
The USD/JPY pair fell during the course of the session on Wednesday, slamming into the trend line that has been supporting this market for some time. That being the case, it appears that the market will continue...

USDJPY Daily Analysis – May 15, 2014

by ForexCycle.com | May 15, 2014 2:04 am
USDJPY moved sideways in a range between 101.32 and 103.02. A breakdown below 101.32 support will indicate that the downtrend from 104.12 has resumed, then the following downward movement could bring price to 96.00 area. However, as...

USD/JPY Forecast May 14, 2014, Technical Analysis

by FX Empire | May 14, 2014 5:57 am
As you can see, the USD/JPY pair went back and forth during the session on Tuesday, but most importantly found support right around the 102 level. It isn’t really a hammer, but as you can see it...

USDJPY Daily Analysis – May 14, 2014

by ForexCycle.com | May 14, 2014 3:17 am
USDJPY remains in uptrend from 102.43, and the rise extended to as high as 102.36. Further rise could be expected after a minor consolidation, and next target would be at 102.70 area. Support levels are at 101.80...

USD/JPY Forecast May 13, 2014, Technical Analysis

by FX Empire | May 13, 2014 5:31 am
The USD/JPY pair rose during the session on Monday, breaking out above the 102 level. This market bounced off of a trend line from the previous sessions, and as a result we feel that the market will...

USDJPY Daily Analysis – May 13, 2014

by ForexCycle.com | May 13, 2014 3:45 am
USDJPY’s upward movement from 101.43 extended to as high as 102.25. Further rise is still possible, and next target would be at 102.70 area. Support is at 101.43, only break below this level could trigger another fall...

USDJPY Daily Analysis – May 12, 2014

by ForexCycle.com | May 12, 2014 2:35 am
USDJPY broke above 102.00 resistance, indicating that the downward movement from 103.02 had completed at 101.43 already. Further rise could be expected, and next target would be at 102.40 area. Support is now at 101.43, only break...

USDJPY Weekly Analysis – May 10, 2014

by ForexCycle.com | May 10, 2014 2:58 pm
USDJPY is facing 100.75 support again, a breakdown below this level will indicate that the uptrend from 93.79 (Jun 13, 2013 low) had completed at 105.44 already, then the following downward movement could bring price to 96.00...

USD/JPY Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:26 am
The USD/JPY pair rose during the session on Friday, as the 101.50 level offered support yet again. On top of that, the uptrend line offered support also. That being the case, the market looks as if it’s...

USD/JPY Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:13 am
The USD/JPY pair fell during the bulk of the session on Thursday, testing the 101.50 support level. This support level also coincides with an uptrend line from longer-term charts, and as a result we think that this...