USD/JPY Forecast April 24, 2013, Technical Analysis

by FX Empire | April 24, 2013 7:50 am
The USD/JPY fell during the session on Tuesday, but bounced enough to in the positive for the session, forming a nice looking hammer just below the all-important 100 handle.

USD/JPY Forecast April 23, 2013, Technical Analysis

by FX Empire | April 23, 2013 5:30 am
The USD/JPY pair fell during the session on Monday, as the 100 level continues to be far too resistive for the buyers in this marketplace at the moment. There is talk of a massive amount of options...

USDJPY Analysis – April 21, 2013

by ForexCycle.com | April 21, 2013 3:51 am
USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the fall from 99.94 is treated as consolidation of the uptrend. Another rise could be expected, and next target would be at 1.0200 area. Support is at...

USD/JPY Forecast April 22, 2013, Technical Analysis

by FX Empire | April 21, 2013 2:00 am
The USD/JPY pair rose during the session on Friday, attempting to reach the 100 handle. We felt a short, but in reality what seems to be a given at this point time is that we will break...

USD/JPY Forecast April 19, 2013, Technical Analysis

by FX Empire | April 19, 2013 6:09 am
The USD/JPY pair went back and forth during the session on Thursday, and even broke above the 98.25 resistance level at one point during the day. However, that area has proved to be too resistive, and we...

USD/JPY Forecast April 18, 2013, Technical Analysis

by FX Empire | April 18, 2013 5:25 am
The USD/JPY pair went back and forth during the session on Wednesday, but found the 98.25 level before too resistant to close above. The resulting candle is somewhat neutral, although it does have a slightly positive close...

USD/JPY Forecast April 17, 2013, Technical Analysis

by FX Empire | April 17, 2013 6:18 am
The USD/JPY pair had a fairly strong showing on Tuesday, especially when you consider how big of a selloff we saw in the marketplace on Monday. This bounce makes sense, as the Bank of Japan will continue...

USD/JPY Forecast April 16, 2013, Technical Analysis

by FX Empire | April 16, 2013 5:16 am
The USD/JPY pair fell hard during the session on Monday, as the Yen was bought up against most other currencies. However, as you can see we did get a little bit of a bounce towards the end...

USDJPY Analysis – April 14, 2013

by ForexCycle.com | April 14, 2013 3:21 am
USDJPY’s upward movement from 77.14 (Sep 13, 2012 low) extends to as high as 99.94. Further rise is still possible, and next target would be at 102.00 area. Support is now at 96.00, as long as this...

USD/JPY Forecast April 15, 2013, Technical Analysis

by FX Empire | April 13, 2013 7:10 am
The USD/JPY pair fell rather drastically during the Friday session, but all things considered we are still very bullish overall. Looking at this chart, it makes sense of the 100 level cause quite a bit of resistance,...