USDJPY Daily Analysis – May 20, 2019

by ForexCycle.com | May 20, 2019 1:42 am
USDJPY broke above 110.04 resistance. Further rally towards the falling trend line on the 4-hour chart could be expected in the coming days. A breakout of the trend line resistance would confirm that the downside movement from...

USDJPY Weekly Analysis – May 19, 2019

by ForexCycle.com | May 19, 2019 1:26 pm
USDJPY’s downside movement from 112.40 extended to as low as 109.01, the subsequent bounce suggested that the downside move had completed. Further rally would likely be seen next week and next target would be at 111.50 area....

USDJPY Daily Analysis – May 17, 2019

by ForexCycle.com | May 17, 2019 12:45 am
USDJPY is facing the 110.04 resistance. A break of this level would suggest that the downside movement from 112.40 had completed at 109.01 already, then further rally towards the falling trend line on the 4-hour chart could...

USDJPY Daily Analysis – May 16, 2019

by ForexCycle.com | May 16, 2019 2:50 am
USDJPY moved sideways in a trading range between 109.01 and 110.04. As long as 110.04 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 112.40, further decline to 108.50...

USDJPY Daily Analysis – May 15, 2019

by ForexCycle.com | May 15, 2019 5:19 am
USDJPY remains in the downtrend from 112.40, the bounce from 109.01 is likely consolidation for the downtrend. As long as 110.04 resistance holds, the downside movement could be expected to continue and next target would be at...

USDJPY Daily Analysis – May 14, 2019

by ForexCycle.com | May 14, 2019 12:03 am
USDJPY extended its downside movement from 112.40 to as low as 109.01. Further decline is still possible after a minor consolidation and next target would be at 108.50 area. Resistance is at 110.04, only break above this...

USDJPY Daily Analysis – May 13, 2019

by ForexCycle.com | May 12, 2019 10:35 pm
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.40. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDJPY Weekly Analysis – May 11, 2019

by ForexCycle.com | May 11, 2019 2:41 pm
USDJPY broke below the rising trend line on the daily chart, suggesting that the upside movement from 105.05 had completed at 112.40 already. Further decline could be expected in a couple of weeks and next target would...

USDJPY Daily Analysis – May 10, 2019

by ForexCycle.com | May 10, 2019 3:42 am
USDJPY extended its downside movement from 112.40 to as low as 109.47. Deeper decline is still possible after a minor consolidation and next target would be at 109.00 area. Near term resistance is at 110.30, only break...

USDJPY Daily Analysis – May 9, 2019

by ForexCycle.com | May 8, 2019 11:47 pm
USDJPY’s downside movement from 112.40 extended to as low as 109.90. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...