USDJPY Weekly Forex Forecast Archives - Advanced Forex Strategies

USDJPY Weekly Forex Forecast

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

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 isRead More

USDJPY Weekly Forex Forecast - 13th to 17th Feb 2017

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

Technical Outlook: USDJPY closed with a doji candlestick pattern on Friday, coming after Thursday’s strong rally. Price is however likely to continue to the upside, but a confirmation is needed with a daily close above Friday’s high of 113.85. Watch for a near term decline to 112.50 region following whichRead More

USDJPY Weekly Forex Forecast - 6th to 10th Feb 2017

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

Technical Outlook: USDJPY turned bearish last week falling to 112.60 by Friday’s close. The declines come on a hidden bearish divergence seen on the weekly chart, just below the 119.00 handle. However, the current levels near 112.00 – 112.50 is a level of support that could hold out. The upsideRead More

USDJPY Weekly Forex Forecast – 30th Jan to 3rd Feb 2017

USDJPY Weekly Forex Forecast – 30th Jan to 3rd Feb 2017

Technical Outlook: USDJPY corrected towards 112.70 as expected and mentioned in last week’s analysis. Price action posted a strong reversal forming a double bottom near the support level at 112.70. A breakout above 115.355 will signal further upside in USDJPY towards 118.00 as the minimum upside on the double bottomRead More

USDJPY Weekly Forex Forecast - 23rd to 27th Jan 2017

USDJPY Weekly Forex Forecast – 23rd to 27th Jan 2017

  Technical Outlook: USDJPY retraced last week as noted but the depth of the retracement has been shallow. Price retraced to only near 115.35 rather than the expected 116.00 level. Still, the retracement came on a hidden bearish divergence back to the support level which was tested for resistance. TheRead More

USDJPY Weekly Forex Forecast - 16th to 20th Jan 2017

USDJPY Weekly Forex Forecast – 16th to 20th Jan 2017

Technical Outlook: USDJPY has been trending lower last week but price action is still steadily above the 114.00 handle. Therefore, we can expect to see some near term consolidation within 116 and 114 price levels. However, the bias is clearly to the downside as USDJPY has shown signs of toppingRead More

USDJPY Weekly Forex Forecast - 9th to 13th Jan 2017

USDJPY Weekly Forex Forecast – 9th to 13th Jan 2017

Technical Outlook: USDJPY broke down below the support level at 116.80 week but just a day later price was seen posting a strong reversal from the 15-day low at 117.23. By Friday’s close, USDJPY was seen moving back into the resistance level of 118.00 – 116.80. Price action in USDJPYRead More

USDJPY Weekly Forex Forecast - 2nd to 6th Jan 2017

USDJPY Weekly Forex Forecast – 2nd to 6th Jan 2017

Technical Outlook: USDJPY has failed to breakout above 118.00 over the past few weeks and the price action is indicative of a correction lower. Support at 111.27 comes in as the first level of support that could hold the prices. USDJPY could remain range bound below 118.00 – 111.27 resistanceRead More

USDJPY Weekly Forex Forecast - 26th to 30th Dec 2016

USDJPY Weekly Forex Forecast – 26th to 30th Dec 2016

Technical Outlook: USDJPY has been stuck within the 118.00 – 116.80 resistance level for most of last week with the Stochastics strongly positioned in the overbought levels. However, this could signal a short term consolidation on the daily chart. There is a potential for an upside squeeze towards 118.20 withRead More

USDJPY Weekly Forex Forecast - 19th to 23rd Dec 2016

USDJPY Weekly Forex Forecast – 19th to 23rd Dec 2016

Technical Outlook: USDJPY formed an inside bar on Friday’s close as the dollar maintained strong gains against the yen. Price action is currently trading within the 118.00 – 116.80 resistance level where the Stochastics oscillator on the daily chart shows a hidden bearish divergence on the long term and evenRead More