USDJPY Weekly Analysis – May 3, 2020

by ForexCycle.com | May 3, 2020 11:40 am
USDJPY extended its downside movement from 111.71 to as low as 106.35, breaking below 106.90 support. Deeper decline is still possible and next target would be at 104.00 area. Near term resistance is at 108.10, only break...

USDJPY Daily Analysis – May 1, 2020

by ForexCycle.com | May 1, 2020 3:10 am
USDJPY stays in a falling price channel on the 4-hour chart and remains in the downtrend from 109.38. As long as the channel resistance holds, the bounce from 106.35 could be treated as consolidation for the downtrend,...

USDJPY Daily Analysis – April 30, 2020

by ForexCycle.com | April 30, 2020 1:37 am
USDJPY extended its downside movement from 109.38 to as low as 106.35. Deeper decline could be expected and next target would be at 105.00 area. Near term resistance is at 107.00, above this level could bring the...

USDJPY Daily Analysis – April 29, 2020

by ForexCycle.com | April 29, 2020 3:42 am
USDJPY broke below 106.90 support, suggesting that the downtrend from 109.38 has resumed. Further decline would likely be seen and next target would be at 105.00 area. Near term resistance is at 107.00, a breakout of this...

USDJPY Daily Analysis – April 28, 2020

by ForexCycle.com | April 28, 2020 1:09 am
USDJPY is facing 106.90 support, a breakdown below this level could trigger further downside movement towards 105.00. Key resistance is at 108.08, a break of this level could bring the price back towards 109.00.

USDJPY Daily Analysis – April 27, 2020

by ForexCycle.com | April 27, 2020 2:06 am
USDJPY continued its sideways movement in a trading range between 106.92 and 108.08. As long as 108.08 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 109.38, and a breakdown below 106.90...

USDJPY Weekly Analysis – April 26, 2020

by ForexCycle.com | April 26, 2020 5:39 am
USDJPY is testing 106.90 support, a breakdown below this level could signal resumption of the downtrend from 111.71, then further decline to 104.00 area could be seen. Near term resistance is at 108.20, a break of this...

USDJPY Daily Analysis – April 24, 2020

by ForexCycle.com | April 24, 2020 2:30 am
USDJPY failed to break above 108.08 resistance and stayed in a trading range between 106.92 and 108.08. The price action in the range is likely consolidation for the downtrend from 109.38, a breakdown below 106.92 support could...

USDJPY Daily Analysis – April 23, 2020

by ForexCycle.com | April 23, 2020 1:42 am
USDJPY continued its sideways movement is a trading range between 106.92 and 108.08. As long as 108.08 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 109.38, and further decline towards 105.00...

USDJPY Daily Analysis – April 22, 2020

by ForexCycle.com | April 22, 2020 1:07 am
USDJPY stays in a narrow range between 106.92 and 108.08. The price action in the range could be treated as consolidation for the downtrend from 109.38, a breakdown below 106.91 support could trigger further downside movement towards...