USDJPY Daily Analysis – June 6, 2023

by ForexCycle.com | June 6, 2023 7:48 am
The USDJPY currency pair has been trading within a defined range, moving sideways between the support level at 138.42 and the resistance level at 140.91. Traders are closely monitoring price action within this range, as it could...

USDJPY Daily Analysis – June 5, 2023

by ForexCycle.com | June 5, 2023 2:06 am
The USDJPY currency pair has experienced a significant pullback, reaching as low as 138.42. However, the subsequent bounce suggests that the pair remains in the overall uptrend that started from the 133.49 level. This bounce indicates a...

USDJPY Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:49 am
The USDJPY currency pair has shown strong upward momentum, extending its move from 127.21 to reach as high as 140.92. This bullish trend has provided traders and investors with opportunities for potential gains. As the pair continues...

USDJPY Daily Analysis – June 2, 2023

by ForexCycle.com | June 2, 2023 11:43 am
The USDJPY currency pair has experienced a significant break below the 138.60 support level, indicating a potential completion of the recent upside move from 133.49 to 140.91. This break suggests a shift in market sentiment and sets...

USDJPY Daily Analysis – June 1, 2023

by ForexCycle.com | June 1, 2023 2:56 am
The USDJPY currency pair has entered a consolidation phase following its previous uptrend from 133.49. Traders are closely monitoring the pair’s price action for potential trading opportunities as it navigates this consolidation period. Currently, there is a...

USDJPY Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:21 am
The USDJPY currency pair has recently broken below its rising price channel on the 4-hour chart, indicating a shift in momentum. This breakdown suggests that a deeper decline may be in store for the pair, with the...

USDJPY Daily Analysis – May 29, 2023

by ForexCycle.com | May 29, 2023 10:57 am
The USDJPY currency pair has demonstrated resilience, remaining within a well-defined rising price channel on the 4-hour chart, thus sustaining the broader uptrend that originated from 133.49. Currently, the pair is experiencing a pullback from its recent...

USDJPY Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:53 am
The USDJPY currency pair has displayed a strong bullish momentum, extending its upside movement from 127.21 to reach as high as 140.72. This upward surge indicates that the bulls remain in control and suggests the potential for...

USDJPY Daily Analysis – May 25, 2023

by ForexCycle.com | May 25, 2023 2:13 am
The USDJPY currency pair has been on a remarkable uptrend, extending its upward movement from 133.49 and reaching as high as 139.64. The bullish momentum suggests that further gains could be on the horizon, with the next...

USDJPY Daily Analysis – May 24, 2023

by ForexCycle.com | May 24, 2023 2:30 am
The USDJPY currency pair has entered a consolidation phase, displaying range-bound trading as it continues the overall uptrend that commenced from 133.49. Traders should anticipate price action between the levels of 137.42 and 138.90 in the near...