USDJPY Daily Analysis – January 7, 2020

by ForexCycle.com | January 7, 2020 4:41 am
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 109.68 had completed at 107.77 already. Further rally could be expected in a couple of days and next target would be...

USDJPY Daily Analysis – January 6, 2020

by ForexCycle.com | January 6, 2020 2:36 am
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 109.70. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDJPY Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:06 pm
USDJPY broke below 107.88 support, suggesting that the upside movement from 104.44 had completed at 109.72 already. Further decline would likely be seen and next target would be at 106.50 area. Near term resistance is at 108.50,...

USDJPY Daily Analysis – January 3, 2020

by ForexCycle.com | January 3, 2020 4:21 am
USDJPY extended its downside movement from 109.70 to as low as 107.99, breaking below 108.42 support. Further decline could be expected in a couple of days and next target would be at 107.50 area. Key resistance is...

USDJPY Daily Analysis – January 2, 2020

by ForexCycle.com | January 2, 2020 2:07 am
USDJPY is facing 108.42 support, a breakdown below this level could trigger further downside movement towards 107.50 area. Near term resistance is at 108.80, above this level could bring the price back to 109.30 area.

USDJPY Daily Analysis – December 20, 2019

by ForexCycle.com | December 20, 2019 6:38 am
USDJPY broke below 109.20 support, suggesting that the short term uptrend from 108.42 had completed at 109.70 already. Further decline would likely be seen in the coming days and the target would be at the bottom of...

USDJPY Daily Analysis – December 19, 2019

by ForexCycle.com | December 19, 2019 3:03 am
USDJPY continued its sideways movement in a trading range between 109.20 and 109.70. Further rise is still possible and next target would be at the top of the price channel on the 4-hour chart. Support is at...

USDJPY Daily Analysis – December 18, 2019

by ForexCycle.com | December 18, 2019 3:09 am
USDJPY moved sideways in a narrow range between 109.20 and 109.70. As long as 109.20 support holds, the sideways movement could be treated as consolidation for the short term uptrend from 108.42, further rise to the top...

USDJPY Daily Analysis – December 17, 2019

by ForexCycle.com | December 17, 2019 3:51 am
USDJPY’s bounce from 108.42 extended to as high as 109.70. Further rise is still possible after a minor consolidation and next target would be at the top of the price channel on the 4-hour chart. Near term...

USDJPY Weekly Analysis – December 15, 2019

by ForexCycle.com | December 15, 2019 5:31 am
USDJPY remains in the uptrend from 104.44. As long as 107.88 support holds, the upside movement could be expected to continue and next target would be at 110.50 area. On the downside, a breakdown below 107.88 support...