USDJPY Analysis – Mar 21, 2009

by ForexCycle.com | March 21, 2009 3:54 pm
USDJPY might be forming a cycle bottom at 93.53 on daily chart. Sideways movement in a range between 93.53 and 99.67 would more likely be seen in a couple of weeks. The price action from 99.67 is...

USDJPY Analysis – Mar 14, 2009

by ForexCycle.com | March 14, 2009 3:18 am
USDJPY pulled back from 99.67, suggesting that a cycle top has been formed on daily chart. Moving sideways in a range between 95.00 and 100.50 is expected in a couple of weeks. The price action from 99.67...

USDJPY Analysis – Mar 7, 2009

by ForexCycle.com | March 7, 2009 4:00 am
USDJPY’s medium term uptrend extend to as high as 99.67 level. Consolidation would more likely be seen before breaking above 100.54 previous high resistance. However, further rise is still possible to 102.00 zone after consolidation. Key support...

USDJPY Analysis – Feb 28, 2009

by ForexCycle.com | February 28, 2009 3:39 am
USDJPY moves sharply to as high as 98.70 level. Further rise to test 100.54 previous high resistance is expected after consolidation. Near term support is located at 95.80, as long as this level holds, the uptrend from...

USDJPY Analysis – Feb 24, 2009

by ForexCycle.com | February 24, 2009 2:21 am
USDJPY breaks above 94.61 previous high resistance, suggesting that a cycle bottom has been formed at 87.12 on daily chart and the fall from 110.60 (Aug 15, 2008 high) has completed. Further rally is now in favor....

USDJPY Analysis – Feb 21, 2009

by ForexCycle.com | February 21, 2009 3:01 am
USDJPY is testing the previous high resistance at 94.61. Consolidation would more likely be seen before breaking above this level. However, a break of this level will indicate that the downtrend from 110.66 (Aug 15, 2008 high)...

USDJPY Analysis – Feb 19, 2009

by ForexCycle.com | February 19, 2009 2:35 am
USDJPY’s rebound from 87.12 extends to as high as 93.95 level. Further rise is expected to test 94.61 long term key resistance, a break above this level will indicate that the fall from 110.66 (Aug 15, 2008...

USDJPY Analysis – Feb 14, 2009

by ForexCycle.com | February 14, 2009 3:55 am
USDJPY is in range trading between 87.12 and 94.61. Further rally is expected to test 94.61 previous high resistance in a couple of weeks. Initial support is located at the rising up trend line on daily chart....

USDJPY Analysis – Feb 7, 2009

by ForexCycle.com | February 7, 2009 3:46 am
USDJPY continues the sideways consolidation in a range between 87.12 and 94.61. Further rally to test the previous high resistance at 94.61 would more likely be seen next week, a break above this level will indicate that...

USDJPY Analysis – Feb 1, 2009

by ForexCycle.com | February 1, 2009 2:35 am
USDJPY is in range trading between 87.12 and 94.61. Further rally would more likely be seen next week, and the target would be at 93.00 zone. Key resistance is now at 94.61, a break above this level...