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Every week we recap the previous week and forecast the following week where we think the USDJPY will be heading in our USDJPY Weekly Forex Forecast. We know you will like our short but concise USDJPY analysis.

USDJPY Weekly Forex Forecast – 17th to 21st April 2017

  Technical Outlook: USDJPY has been relatively flat since the past few weeks but this could change on Monday’s open. In what could be a risk averse trade, USDJPY is at a risk of opening lower on Monday. Note the temporary support level at 108.430 which could be breached. To the downside, USDJPY remains vulnerable […]

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USDJPY Weekly Forex Forecast – 17th to 21st April 2017

Technical Outlook: USDJPY continues its downside trajectory with prices breaking past the 110.00 support level. The downside decline is expected to keep the bearish momentum going which could see the dollar slide towards the next main support at 104.27. This is a support level that is pending a retest and therefore makes it for a […]

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USDJPY Weekly Forex Forecast – 10th to 14th April 2017

  Technical Outlook: The Japanese yen gained last week for a number of reasons with the risk aversion taking hold by Friday after news reports informed about the U.S. airstrikes against Syria. The risk aversion sentiment send USDJPY lower on the day but not before prices managed to post a modest recovery. Assuming that there […]

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USDJPY Weekly Forex Forecast – 3rd to 7th April 2017

Technical Outlook: USDJPY is seen attempting to break out to the upside with the descending triangle showing signs of weakness. However, to validate this bullish bias we need to wait for USDJPY to break out above 111.650 support/resistance level. A successful breakout to the upside, followed by a retest of 111.650 as support level will […]

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USDJPY Weekly Forex Forecast – 27th to 31st Mar 2017

Technical Outlook: USDJPY is carving out the descending triangle pattern with last week’s price action on the daily chart, breaking out below 111.650 support level that was briefly held previously. Although price action in USDJPY is attempting to post a correction, the bias remains to the downside, unless price closes back above 111.650. Watch the […]

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USDJPY Weekly Forex Forecast – 20th to 24th Mar 2017

Technical Outlook: USDJPY hit the second target at 112.75 as mentioned last week after the break out from the rising wedge pattern. Price action is still flat on the larger time frame, indicating that trading opportunities will come on the smaller time frames. Expect to see USDJPY post a reversal near 112.75 which will see […]

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USDJPY Weekly Forex Forecast – 13th to 17th Mar 2017

Technical Outlook: USDJPY is seen consolidating into a rising wedge pattern and near the 114.85 support/resistance level. We can expect a near term decline and ideally a retest to 114.85 could be a good level to sell USDJPY targeting the first support level at 113.50 followed by 112.75 lower support. The bearish outlook would be […]

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USDJPY Weekly Forex Forecast – 6th to 10th Mar 2017

Technical Outlook: USDJPY has broken the falling trend line last week and prices were seen testing 114.00 support/resistance level. There is scope for prices to slide lower in the near term following the higher high in the Stochastics and the lower high in prices. This could mean a potential decline back to the 113.00 – […]

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USDJPY Weekly Forex Forecast – 27th Feb to 3rd Mar 2017

Technical Outlook: USDJPY slipped back into the support level at 112.50 – 112.00 region. With the Stochastics on the 4-hour chart also in the oversold level, we can anticipate a modest bounce to the upside. Resistance remains strong at 114.00. Tactical long positions could be taken off the current level, targeting 114.00 and also positioning […]

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USDJPY Weekly Forex Forecast – 20th to 24th Feb 2017

Technical Outlook: USDJPY’s attempt to break out above 114.00 resistance failed mid-way as price quickly posted a reversal. We expect further declines to push USDJPY to test 112.50 support and could potentially see USDJPY consolidate within the support zone of 112.50 – 112.00 region. However, the falling trend line is likely to offer dynamic support […]

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