USD/JPY 91.00 – 16 October 2009

by ForexCycle.com | October 16, 2009 10:07 am
USD/JPY Open 90.65 High 91.27 Low 89.31 Close 90.54 On Thursday Dollar/Yen made a significant ascending movement. On the 3 hour chart the downward channel was broken upwards and quotes now move above 90.60. Our preferable scenario...

USD/JPY 89.26 – 14 October 2009

by ForexCycle.com | October 14, 2009 10:14 am
USD/JPY Open 89.74 High 90.14 Low 88.87 Close 89.67 On Tuesday the upward adjustment of the Dollar/Yen stopped. The currency couple tried to rise, reaching a peak at 90.14, closing the day at 89.67. Immediate support is...

USD/JPY 90.06 – 13 October 2009

by ForexCycle.com | October 13, 2009 10:14 am
USD/JPY Open 89.70 High 90.44 Low 89.35 Close 89.83 Dollar/Yen made a significant bullish movement on Monday. On the 3 hour chart the 90.00 resistance was convincingly broken up, indicating further potential upward correction with possible test...

USDJPY Analysis – October 10, 2009

by ForexCycle.com | October 10, 2009 4:10 am
USDJPY’s downtrend from 97.78 extended further to as low as 88.01 level. Resistance remains at the falling trend line from 97.78 to 92.53. As long as the trend line resistance holds, we’d expect downtrend to continue and...

USD/JPY 88.35 – 8 October 2009

by ForexCycle.com | October 8, 2009 10:03 am
USD/JPY Open 88.69 High 89.36 Low 88.00 Close 88.58 Dollar/Yen failed to continue the upward correctional movement on Wednesday, after reaching a top at 89.36, went down to the 88.00 bottom, closing the day at 88.58. On...

USD/JPY 88.34 – 7 October 2009

by ForexCycle.com | October 7, 2009 10:08 am
USD/JPY Open 88.71 High 89.64 Low 88.09 Close 88.80 Although insignificant, Dollar/Yen continued making downward movements within the descending channel on Tuesday. On the 3 hour chart quotes corrected upwards and tested the upper limit and resistance...

USD/JPY 89.25 – 6 October 2009

by ForexCycle.com | October 6, 2009 10:17 am
USD/JPY Open 89.51 High 89.96 Low 88.86 Close 89.53 Yesterday Dollar/Yen made a decreasing attempt, reaching a bottom at 89.22, where the bearish impulse was stopped, and the currency couple bounced sharply upwards to 89.96, closing the...

USDJPY Analysis – October 3, 2009

by ForexCycle.com | October 3, 2009 2:17 am
USDJPY stays below the falling trend line from 97.78 to 92.53 and remains in downtrend. Deeper decline to test 87.12 long term critical support is possible after consolidation. Only rise above the trend line resistance will suggest...

USD/JPY 89.91 – 1 October 2009

by ForexCycle.com | October 1, 2009 11:17 am
USD/JPY Open 90.09 High 90.16 Low 89.37 Close 89.68 On Wednesday Dollar/Yen made a moderate decreasing momentum, reaching a bottom at 89.37, where the bearish impulse was limited, and the currency couple started rising, closing the day...

USD/JPY 89.56 – 30 September 2009

by ForexCycle.com | September 30, 2009 10:46 am
USD/JPY Open 90.09 High 90.37 Low 89.35 Close 90.08 Dollar/Yen made an indecisive movement on Tuesday, forming divergence on the 3 hour chart. On the 1 hour chart the currency couple made an unconvincing break down of...