USDJPY Daily Analysis – May 31, 2019

by ForexCycle.com | May 31, 2019 3:41 am
USDJPY is facing 109.01 support once again. A breakdown below this level could trigger further downside movement towards 108.50. Resistance is at 109.92, only break above this level could bring the price back towards 110.50.

USDJPY Daily Analysis – May 30, 2019

by ForexCycle.com | May 30, 2019 2:39 am
USDJPY moved sideways in a trading range between 109.15 and 109.74. As long as 109.74 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 110.67, further decline towards 108.50...

USDJPY Daily Analysis – May 29, 2019

by ForexCycle.com | May 29, 2019 4:59 am
USDJPY is facing 109.01 support, a breakdown below this level could take the price to 108.50 area. Resistance is at 109.74, a breakout of this level would indicate that that the downside movement from 110.67 has completed,...

USDJPY Daily Analysis – May 28, 2019

by ForexCycle.com | May 28, 2019 3:59 am
USDJPY remains in the downtrend from 110.67. Further decline to test 109.01 support is possible, a breakdown below this level could take the price to 108.50 area. Resistance is at 109.75, a break of this level could...

USDJPY Daily Analysis – May 27, 2019

by ForexCycle.com | May 27, 2019 3:58 am
USDJPY extended its downside movement from 110.67 to as low as 109.27, facing the 109.00 support, a breakdown below this level could trigger further downside movement towards 108.50. Resistance is at 109.75, a break of this level...

USDJPY Weekly Analysis – May 26, 2019

by ForexCycle.com | May 26, 2019 6:45 am
USDJPY is facing 109.01 support, a breakdown below this level would indicate that the downtrend from 112.40 has resumed, then next target would be at 107.00 area. Key resistance is at 110.67, only break above this level...

USDJPY Daily Analysis – May 24, 2019

by ForexCycle.com | May 24, 2019 4:38 am
USDJPY broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 109.01 had completed at 110.67 already. Further decline could be expected and next target would be at 109.01 support. Resistance...

USDJPY Daily Analysis – May 23, 2019

by ForexCycle.com | May 23, 2019 3:00 am
USDJPY is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 110.67 could be treated as consolidation for the uptrend from 109.01, another...

USDJPY Daily Analysis – May 22, 2019

by ForexCycle.com | May 22, 2019 2:54 am
USDJPY broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 112.40 had completed at 109.01 already. Further rise could be expected and next target would be at 111.50 area. Key...

USDJPY Daily Analysis – May 21, 2019

by ForexCycle.com | May 21, 2019 2:05 am
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 109.01 could be treated as consolidation for the downtrend from 112.40, another...