USDJPY Daily Analysis – May 23, 2023

by ForexCycle.com | May 23, 2023 8:24 am
The USDJPY currency pair has been displaying a strong uptrend since its initial rally from 133.49. Despite recent consolidation between 138.74 and the current price action, the overall upward momentum remains intact. Traders are closely monitoring this...

USDJPY Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:45 am
The USDJPY currency pair has recently broken below its rising trend line on the 4-hour chart, suggesting that a period of consolidation for the uptrend from 133.49 is currently underway. Traders should exercise caution and closely monitor...

USDJPY Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 3:04 am
The USDJPY currency pair has recently exhibited a significant move, breaking above the key resistance level at 137.90. This breakout suggests that the downward correction from 151.94 has likely concluded at the 127.21 level, opening the door...

USDJPY Analysis – May 19, 2023

by ForexCycle.com | May 19, 2023 8:33 am
The USDJPY pair has exhibited a strong upside move from its low point at 133.49, extending its rally to reach as high as 138.74. Traders are closely monitoring the pair as it continues to demonstrate bullish momentum,...

USDJPY Analysis – May 18, 2023

by ForexCycle.com | May 18, 2023 12:46 pm
The USDJPY pair has experienced a significant breakthrough as it broke above the key resistance level at 137.77. With the breach of the previous high resistance, the USDJPY pair has opened the door for additional gains. As...

USDJPY Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:48 am
The USDJPY pair has continued its upward trajectory, with the recent rally pushing the price as high as 136.67. This extension of the upside movement suggests underlying strength in the pair, and further upward momentum could be...

USDJPY Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:48 am
The USDJPY pair has made a significant breakthrough, surpassing the key resistance level at 135.46. This development suggests a shift in market dynamics, indicating that the pair is now in an uptrend from its previous low of...

USDJPY Analysis – May 15, 2023

by ForexCycle.com | May 15, 2023 2:47 am
The USDJPY has been trading in a range between 129.63 and 135.46 since May, but recent price action suggests that the uptrend from the March low has resumed. The pair failed to break below the key support...

USDJPY Analysis – May 14, 2023

by ForexCycle.com | May 14, 2023 3:43 am
USDJPY is currently facing a key resistance level at 137.90, and traders are closely watching to see whether the currency pair will be able to break above this level. If USDJPY manages to break through 137.90, it...

USDJPY Analysis – May 11, 2023

by ForexCycle.com | May 11, 2023 10:43 am
The USD/JPY pair has broken below the rising trend line on the 4-hour chart, indicating a potential further decline towards the support level at 133.49. A break below this level would confirm that the upside movement from...