USDJPY Daily Analysis – July 27, 2023

by ForexCycle.com | July 27, 2023 3:29 am
USDJPY has recently broken below the support of a rising price channel on the 4-hour chart, suggesting that the upside move from 137.23 has already completed at 141.94. The fall from 141.94 has now reached as low...

USDJPY Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:53 am
USDJPY is currently testing the support of a rising price channel on the 4-hour chart. As long as this channel support holds, the pullback from 141.94 could be seen as a consolidation for the uptrend from 137.23,...

USDJPY Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 8:17 am
USDJPY has been staying within a rising price channel on the 4-hour chart, suggesting that the pair remains in an upside move from 137.23. As long as the price stays within the channel, the upside move could...

USDJPY Daily Analysis – July 24, 2023

by ForexCycle.com | July 24, 2023 1:15 am
USDJPY has showcased its resilience by staying above a rising trend line on the 4-hour chart, reaffirming its position in the uptrend from 137.23. Market analysts and traders are closely monitoring this upward movement, with expectations of...

USDJPY Weekly Analysis – July 22, 2023

by ForexCycle.com | July 22, 2023 2:47 am
USDJPY has demonstrated strength by remaining within a rising price channel on the weekly chart, affirming its position in the long-term uptrend from 127.21. Market participants are closely monitoring this upward movement, with expectations of continued gains...

USDJPY Daily Analysis – July 21, 2023

by ForexCycle.com | July 21, 2023 11:37 am
The USDJPY currency pair has experienced a notable upward move, extending from 137.23 to reach as high as 141.94. This surge in value has captured the attention of traders and analysts, who anticipate the potential for further...

USDJPY Daily Analysis – July 20, 2023

by ForexCycle.com | July 20, 2023 12:36 am
USDJPY has shown remarkable strength, breaking above the critical 139.40 resistance level and reaching as high as 139.98. The ongoing uptrend from 137.23 indicates bullish momentum, and traders are now eyeing the next target at 141.00. Further...

USDJPY Daily Analysis – July 19, 2023

by ForexCycle.com | July 19, 2023 1:38 am
USDJPY has been moving sideways, confined within a trading range between 137.23 and 139.40. This consolidation phase has offered traders an opportunity to assess market sentiment and prepare for potential breakout opportunities. Let’s examine the current outlook...

USDJPY Daily Analysis – July 18, 2023

by ForexCycle.com | July 18, 2023 7:41 am
USDJPY has been demonstrating an uptrend since its rise from 137.23, and the bullish momentum is expected to continue in the coming days. Traders should closely monitor the price action as the pair aims for the next...

USDJPY Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 9:30 am
The USDJPY pair has made a significant breakthrough by surpassing the resistance level at 138.95, indicating that the recent downtrend from 145.06 has likely concluded at the support level of 137.23. This development suggests a potential reversal...