USDJPY Analysis – June 13, 2009

by ForexCycle.com | June 13, 2009 3:06 am
USDJPY might be forming a cycle top at 98.88 level on daily chart. Pullback towards 95.00 is possible in next several days. However, above 98.88 will indicate that the uptrend from 93.85 has resumed, and further rally...

USDJPY Analysis – June 10, 2009

by ForexCycle.com | June 10, 2009 2:28 am
USDJPY might be forming a cycle top at 98.88 level on daily chart. Deeper decline would more likely be seen in next several days. Near term resistance is located at 98.88, a break above this level will...

USDJPY Analysis – June 6, 2009

by ForexCycle.com | June 6, 2009 4:19 am
USDJPY breaks above 97.23 key resistance, suggesting that a cycle bottom has been formed at 93.85 level on daily chart and now the pair is back to range trading between 93.53 and 101.43. Further rally is possible...

USDJPY Analysis – May 30, 2009

by ForexCycle.com | May 30, 2009 5:37 am
After touching the rising trend line from 93.53 to 95.62, USDJPY pulls back from 97.23 level, suggesting that a cycle top has been formed on daily chart. Deeper decline to retest 93.53 long term key support could...

USDJPY Analysis – May 23, 2009

by ForexCycle.com | May 23, 2009 4:43 am
USDJPY’s downtrend from 101.43 extends further to as low as 93.85 level. Deeper decline to test 93.53 long term key support is expected next week. A break down below this level will indicate that a cycle top...

USDJPY Analysis – May 16, 2009

by ForexCycle.com | May 16, 2009 3:54 am
USDJPY breaks below 95.62 support. Deeper decline is expected to test 93.53 medium term key support, a break below this level will indicate that a cycle top has been formed at 101.43 level on weekly chart, and...

USDJPY Analysis – May 13, 2009

by ForexCycle.com | May 13, 2009 12:27 am
USDJPY breaks below the support of the rising trend line from 93.53 to 95.62. Deeper decline to test 95.62 level is possible later today, a break below this level will signal deeper decline to test 93.50 key...

USDJPY Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:26 am
USDJPY traded in a narrow range between 97.90 and 99.70 for several days. The price action in the trading range is treated as consolidation of the uptrend from 95.62. Further rally to test 101.43 resistance is still...

USDJPY Analysis – May 2, 2009

by ForexCycle.com | May 2, 2009 2:48 am
USDJPY has formed a cycle bottom at 95.62 level on daily chart and the fall from 101.43 has completed. Further rise is expected to test 101.43 resistance next week, a break above this level will signal further...