USDJPY Daily Analysis – August 8, 2023

by ForexCycle.com | August 8, 2023 10:44 am
USDJPY has broken above the resistance level at 142.90, indicating the potential resumption of the upside move from 138.05. With this breakout, there is a likelihood of further rise to test the resistance at 143.88. A decisive...

USDJPY Daily Analysis – August 7, 2023

by ForexCycle.com | August 7, 2023 9:26 am
USDJPY has broken below the support level at 141.94, indicating that the upside move from 138.05 potentially completed at 143.88. With this breakdown, there is a likelihood of further decline in the coming days. The next target...

USDJPY Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:57 am
USDJPY is within a rising price channel on the weekly chart, and it remains in a long-term uptrend from 127.21. The recent pullback from 145.06 can be seen as a consolidation phase within this uptrend. As long...

USDJPY Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 3:02 am
USDJPY has continued its upward movement from 138.05, reaching as high as 143.88. The subsequent pullback from 143.88 suggests that a consolidation phase for the uptrend is taking place. It is likely that the pair will experience...

USDJPY Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 1:15 am
USDJPY is currently in an uptrend, with its origin point at 138.05, and the recent pullback from 143.54 is seen as a consolidation phase within this uptrend. As long as the support level at 141.94 holds, it...

USDJPY Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:44 am
USDJPY has continued its upward momentum, expanding from the 138.05 level to a high of 143.54. Based on this trend, it is plausible to anticipate further upside movement in the upcoming days, with the next potential target...

USDJPY Daily Analysis – August 1, 2023

by ForexCycle.com | August 1, 2023 7:11 am
USDJPY has successfully broken above the resistance level at 141.94, indicating the resumption of the uptrend from 137.23. With this breakout, it becomes plausible to anticipate further upward movement in the upcoming days. The next potential target...

USDJPY Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 2:35 am
USDJPY has recently broken above the falling trend line on the 4-hour chart, indicating that the previous downside movement from 141.94, which reached as low as 138.05, has concluded. With this breakout, a further rally could be...

USDJPY Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:16 am
The USDJPY pair is currently trading in a rising price channel on the weekly chart. This suggests that the long-term uptrend from 127.21 is still intact. The next target is at 151.94, the previous high. A break...

USDJPY Daily Analysis – July 28, 2023

by ForexCycle.com | July 28, 2023 10:36 am
USDJPY has recently extended its downward trend, falling from 141.94 to as low as 138.05. Further decline is still possible in the coming days, with the next target being the 137.23 support level. On the other hand,...