USDJPY Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:50 am
USDJPY extended its downside movement from 110.28 to as low as 108.58. As long as 109.26 resistance holds, the downside movement could be expected to continue and next target would be at 108.00 area. On the upside,...

USDJPY Daily Analysis – January 30, 2020

by ForexCycle.com | January 30, 2020 4:09 am
USDJPY moved sideways in a trading range between 108.73 and 109.26. The price action in the range is likely consolidation for the downtrend from 110.28, further decline to 108.00 area is possible after the consolidation. Resistance is...

USDJPY Daily Analysis – January 29, 2020

by ForexCycle.com | January 29, 2020 3:11 am
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 110.28 had completed at 108.73 already. Further rally could be expected in a couple of days and next target would be...

USDJPY Daily Analysis – January 28, 2020

by ForexCycle.com | January 28, 2020 3:33 am
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 110.28. Further decline would likely be seen after a minor consolidation and next target would be at 107.40 area. On...

USDJPY Daily Analysis – January 27, 2020

by ForexCycle.com | January 27, 2020 4:39 am
USDJPY’s downside movement from 110.28 extended to as low as 108.73. Further decline could be expected after a minor consolidation and next target would be at 108.40 area. Resistance is located at the bearish trend line on...

USDJPY Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:39 am
Being contained by the rising price channel on the daily chart, USDJPY pulled back from 110.28. Further decline is still possible next week and the target would be at the bottom of the channel. Near term resistance...

USDJPY Daily Analysis – January 23, 2020

by ForexCycle.com | January 23, 2020 3:39 am
USDJPY broke below 109.78 support, suggesting that the upside movement from 107.65 had completed at 110.28 already. Further decline could be expected in the coming days and next target would be at 109.00 area. Near term resistance...

USDJPY Daily Analysis – January 22, 2020

by ForexCycle.com | January 22, 2020 4:11 am
USDJPY continued its sideways movement in a trading range between 109.78 and 110.28. The sideways movement is likely consolidation for the uptrend from 107.65, further rise to 110.80 is possible after the consolidation. Support is at 109.78,...

USDJPY Daily Analysis – January 21, 2020

by ForexCycle.com | January 21, 2020 3:28 am
USDJPY moved sideways in a narrow rang between 109.78 and 110.28. As long as 109.78 support holds, the sideways movement could be treated as consolidation for the uptrend from 107.65, further rise to 110.80 area is possible...

USDJPY Daily Analysis – January 20, 2020

by ForexCycle.com | January 20, 2020 3:43 am
USDJPY extended its upside movement from 107.65 to as high as 110.28. Key support is at 109.78, as long as this level holds, the upside movement could be expected to continue and next target would be at...