USDJPY Daily Analysis – June 8, 2020

by ForexCycle.com | June 8, 2020 2:41 am
USDJPY’s upside movement from 107.07 extended to as high as 109.84. Further rise would likely be seen after a minor consolidation and next target would be at 110.50 area. Near term support is at 108.60, a breakdown...

USDJPY Daily Analysis – June 5, 2020

by ForexCycle.com | June 5, 2020 1:28 am
USDJPY extended its upside movement from 105.98 to as high as 109.23. Further rise is still possible in the coming days and next target would be at 110.00 area. Near term support is at 108.40, below this...

USDJPY Daily Analysis – June 4, 2020

by ForexCycle.com | June 4, 2020 1:50 am
After consolidation, USDJPY broke above 108.08 resistance and extended its upside movement from 105.98 to as high as 109.04. Further rise is still possible after a minor consolidation and next target would be at 110.00 area. Near...

USDJPY: Forecasting the Rally Based on Elliott Wave Structure

by elliottwave-forecast.com | June 3, 2020 3:54 pm
USDJPY extended the rally this week and exceeded the peak seen on 20th May 2020. In this article, we would look at the forecast from start of the week and how we called it higher. We will...

USDJPY Daily Analysis – June 2, 2020

by ForexCycle.com | June 2, 2020 2:28 am
USDJPY moved sideways in a trading range between 106.74 and 108.08. As long as 106.74 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.98, and another rise towards 109.00 could be...

USDJPY Daily Analysis – June 1, 2020

by ForexCycle.com | June 1, 2020 3:11 am
USDJPY remains in the uptrend from 105.98, the price action from 107.76 is likely consolidation for the uptrend, and further rise to 109.00 area is possible after the consolidation. Key support is at 106.74, only a breakdown...

USDJPY Daily Analysis – May 29, 2020

by ForexCycle.com | May 29, 2020 3:42 am
USDJPY moved sideways in a narrow range between 107.32 and 108.08. As long as 107.32 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.98, further rise towards 109.00 area is possible...

USDJPY Daily Analysis – May 28, 2020

by ForexCycle.com | May 28, 2020 2:46 am
USDJPY formed a sideways consolidation in a trading range between 107.32 and 108.08. The price action in the range is likely consolidation for the uptrend from 105.98, further rise to 108.50 area is possible after the consolidation....

USDJPY Daily Analysis – May 27, 2020

by ForexCycle.com | May 27, 2020 4:13 am
USDJPY moved sideways in a narrow range between 107.32 and 108.08. As long as the price is in the rising price channel on the 4-hour chart, the upside movement from 105.98 could be expected to continue and...

USDJPY Daily Analysis – May 26, 2020

by ForexCycle.com | May 26, 2020 1:51 am
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 105.98. As long as the channel support holds, the upside movement could be expected to continue and next target would...