USD/JPY Forecast July 9, 2012, Technical Analysis

by FX Empire | July 9, 2012 7:49 am
USD/JPY fell during the Friday session as the US jobs report came out weaker than expected, pushing this pared down to the 70.50 level where it found previous support. The church still looks like it is trying...

USDJPY Analysis – July 7, 2012

by ForexCycle.com | July 7, 2012 2:30 pm
USDJPY remains in uptrend from 77.66, the fall from 80.61 is likely consolidation of the uptrend. Support is at the upward trend line on daily chart, as long as the trend line support holds, uptrend could be...

USD/JPY Forecast July 6, 2012, Technical Analysis

by FX Empire | July 6, 2012 7:16 am
The USD/JPY pair fell for much of the session on Thursday; bouncing off of the bottom of will we consider the lower level of the up trending channel. The 80 level has offered resistance yet again, but...

USD/JPY Forecast July 5, 2012, Technical Analysis

by FX Empire | July 5, 2012 6:41 am
The USD/JPY pair initially fell during the Wednesday session as the Europeans sold off risk assets in general. However, towards the end of the session the pair did rebound to form a hammer.

USD/JPY Forecast July 4, 2012, Technical Analysis

by FX Empire | July 4, 2012 6:21 am
The USD/JPY pair had another positive session as it has been alternating between gains and losses day after day. The 80 handle is still just above, and should provide resistance. However, we do see that the highs...

USD/JPY Forecast July 3, 2012, Technical Analysis

by FX Empire | July 3, 2012 8:33 am
The USD/JPY pair declined during the session on Monday as traders pared back long bets in this market. The pair slammed into the 80 level, only to be turned away in the end. However, at the end...

USD/JPY Forecast July 2, 2012, Technical Analysis

by FX Empire | July 2, 2012 7:00 am
The USD/JPY pair got a boost from the positive headlines out of Europe on Friday as traders sold the Yen in general. The USD/JPY pair is essentially a fight between the two central banks, and as the...

USDJPY Analysis – June 30, 2012

by ForexCycle.com | June 30, 2012 2:08 pm
USDJPY is now in uptrend from 77.66. Further rise would likely be seen next week and next target would be at 82.00 area. Support is at 79.00, only break below this level could indicate that the rise...

USD/JPY Forecast June 29, 2012, Technical Analysis

by FX Empire | June 29, 2012 9:28 am
USD/JPY fell on Thursday session, but recouped much of its losses. The resulting candle was a hammer, and it does look like we are starting to see some significant support at the 79.50 level. Below this area...