USD/JPY Forecast March 6, 2014, Technical Analysis

by FX Empire | March 6, 2014 6:23 am
The USD/JPY pair initially try to rally during the session on Wednesday, but at the end of the day pulled back enough to form a shooting star. The 102.50 level is an area that has caused resistance...

USDJPY Daily Analysis – March 6, 2014

by ForexCycle.com | March 6, 2014 3:57 am
USDJPY is facing 102.82 resistance, a break above this level will confirm that the uptrend from 100.75 has resumed, then next target would be at 104.00 area. Support is at 102.00, only break below this level will...

USD/JPY Forecast March 5, 2014, Technical Analysis

by FX Empire | March 5, 2014 6:59 am
The USD/JPY pair rose significantly during the session on Tuesday, as the bottom of the consolidation yet again offered support. We are longer-term bulls when it comes to this pair, and believe that the next significant barrier...

USDJPY Daily Analysis – March 5, 2014

by ForexCycle.com | March 5, 2014 2:41 am
USDJPY broke above the upper line of the price channel on 4-hour chart, suggesting that the downward movement from 102.82 had completed. Further rise could be expected, and next target would be at 103.50 area. Support is...

USD/JPY Forecast March 4, 2014, Technical Analysis

by FX Empire | March 4, 2014 7:33 am
The USD/JPY pair gapped lower at the open on Monday, but as you can see basically went nowhere. There was a little bit of a safe haven bid for the Yen, but ultimately the market settle down....

USDJPY Daily Analysis – March 4, 2014

by ForexCycle.com | March 4, 2014 3:25 am
USDJPY remains in downtrend from 102.82, and the fall extended to as low as 101.20. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend...

USDJPY Daily Analysis – March 3, 2014

by ForexCycle.com | March 3, 2014 1:35 am
USDJPY broke below 101.38 support, indicating that the uptrend from 100.75 had completed. Deeper decline to test 100.75 previous low support could be seen, a breakdown below this level will signal resumption of the longer term downtrend...

USDJPY Weekly Analysis – March 2, 2014

by ForexCycle.com | March 2, 2014 6:45 am
USDJPY remains in downtrend from 105.44, the rise from 100.75 would possibly be correction of the downtrend. As long as 105.44 key resistance holds, the downtrend could be expected to resume, and another fall towards 95.00 would...

USD/JPY Forecast March 3, 2014, Technical Analysis

by FX Empire | March 1, 2014 3:24 pm
The USD/JPY pair fell during the session on Friday, but remains well within the consolidation area that we have seen for some time meaning that we don’t look at this as a move in one direction or...

USD/JPY Forecast February 28, 2014, Technical Analysis

by FX Empire | February 28, 2014 5:35 am
The USD/JPY pair fell initially during the session on Thursday, but as we have seen more than once, the 102 level has offered support. It now appears that this market is ready to start going higher, but...