USDJPY Daily Analysis – August 29, 2023

by ForexCycle.com | August 29, 2023 3:49 am
USD/JPY has made a breakout above the resistance level at 146.55. This breakout indicates a resumption of the upward movement from 138.05. As a result, it is plausible to expect further upside potential in the coming days,...

USDJPY Daily Analysis – August 28, 2023

by ForexCycle.com | August 28, 2023 12:41 am
USDJPY has made a significant breakthrough by surmounting the 146.55 resistance, signifying a resumption of the upward movement that began at 138.05. In the days ahead, we can anticipate further upward momentum, with the next significant target...

USDJPY Forecasting The Rally After Elliott Wave Zig Zag Pattern

by elliottwave-forecast.com | August 25, 2023 6:07 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDJPY , published in members area of the website. As our members know the pair is showing...

USDJPY Daily Analysis – August 25, 2023

by ForexCycle.com | August 25, 2023 11:19 am
USDJPY continues to be entrenched in an uptrend that began at 138.05, with the recent price movements from 146.55 appearing to be a consolidation phase within this broader upward movement. Should we witness a breakout above the...

USDJPY Daily Analysis – August 24, 2023

by ForexCycle.com | August 24, 2023 1:14 am
USDJPY has experienced a significant development as it broke below the bottom of the rising price channel on the 4-hour chart. This breakout implies that the previous upside move from 138.05, extending to 146.55, has potentially concluded....

USDJPY Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 1:03 am
The USDJPY currency pair is currently experiencing a sideways movement within a trading range bounded by 144.92 and 146.55. If the price remains within the rising price channel on the 4-hour chart, the current sideways move could...

USDJPY Daily Analysis – August 22, 2023

by ForexCycle.com | August 22, 2023 7:45 am
The USDJPY currency pair is currently exhibiting a sideways movement within a defined trading range, with resistance at 146.55 and support at 144.92. It is important to note that on the 4-hour chart, there is an ascending...

USDJPY Daily Analysis – August 21, 2023

by ForexCycle.com | August 21, 2023 1:46 am
USDJPY appears to be staying within a rising price channel on the 4-hour chart, suggesting a potential uptrend from 138.05. As long as the channel support holds, the pullback from 146.55 could be seen as a consolidation...

USDJPY Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:55 am
The USDJPY currency pair has seen a significant extension of its upward movement, reaching as high as 145.21 from its starting point at 141.50. As long as the price remains above the rising trend line on the...

USDJPY Daily Analysis – August 9, 2023

by ForexCycle.com | August 9, 2023 1:58 am
USDJPY is currently approaching the resistance level at 143.88. A breakout above this level could potentially lead the price towards the 145.00 area, indicating further upside potential. On the downside, a key support level to watch is...