Archive

Category Archives for "USDJPY Weekly Forex Forecast"

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 – 19th to 23rd Feb 2018

Technical Outlook: The USDJPY broke down last week as price action posted strong declines after breaking out from the support level formed at 108.43. This downside price action sent USDJPY to test new lows near 105.77. The currency pair managed to post a reversal here with Friday’s price action closing somewhat modestly higher. However, we […]

Continue reading

USDJPY Weekly Forex Forecast – 12th to 16th Feb 2018

Technical Outlook: The USDJPY has been consolidating near the 108.43 level for the past week. As a result, price action as formed a potential head and shoulders pattern near this support. On Friday, price briefly surged back higher off the support. However, watch for a break down in USDJPY at 108.43 as a close below […]

Continue reading

USDJPY Weekly Forex Forecast – 5th to 9th Feb 2018

Technical Outlook: The USDJPY posted a bottom with prices briefly consolidating at the 108.43 level of support. The reversal off this level saw the USDJPY recovering the previous declines. Resistance is seen at 110.91 – 110.66 level which could be tested in the near term. A decline off this resistance level could signal a pull […]

Continue reading

USDJPY Weekly Forex Forecast – 29th Jan to 2nd Feb 2018

  Technical Outlook: The USDJPY finally extended the declines to the downside as price action touched down to the 108.43 support level. Off this level, we could expect to see a modest rebound taking place. USDJPY could remain range bound within the 110.66 resistance and 108.43 support. A breakout from either of these levels will […]

Continue reading

USDJPY Weekly Forex Forecast – 22nd to 26th Jan 2018

Technical Outlook: The USDJPY currency pair slipped below the 110.91 – 110.66 level of support in the short term. Price action however managed to consolidate near this level as we see price closing back around this support level. The Stochastics oscillator is currently turning bullish and with price at support, we could expect to see […]

Continue reading

USDJPY Weekly Forex Forecast – 15th to 19th Jan 2018

Technical Outlook: USDJPY continued to decline last week with the weaker U.S. dollar seeing the declines accelerate. USDJPY briefly tested the support level at 110.91 after breaking down from the support at 112.07. The declines came following a brief retest of the falling trend line and the failure to breakout from this level. In the […]

Continue reading

USDJPY Weekly Forex Forecast – 8th to 12th Jan 2018

Technical Outlook: Price action in USDJPY remains broadly range bound in the medium term with price seen trading sideways within the corridor of 113.58 and 112.07. Last week’s rally off the support level saw prices coinciding with the falling trend line connecting the highs of 114.73 from 6 November 2017 and 113.75 highs from 12 […]

Continue reading

USDJPY Weekly Forex Forecast – 1st to 5th Jan 2018

Technical Outlook: The USDJPY extended strong declines last week after price action briefly touched the resistance level near 113.50 level. The declines could now be seen extending to the 112.07 handle where support is likely to be tested.  The previous test to this support was met with prices bouncing off strongly. We therefore expect to […]

Continue reading

USDJPY Weekly Forex Forecast – 25th to 29th Dec 2017

Technical Outlook: The USDJPY was seen testing the previous resistance level near 113.58 last week. Price action was showing signs of exhaustion near this level. We expect to see some moderation in the rally as USDJPY could once again retrace the gains. The sideways price action within 113.58 and 112.07 could mean a potential breakout […]

Continue reading

USDJPY Weekly Forex Forecast – 18th to 22nd Dec 2017

Technical Outlook: The USDJPY currency pair was seen breaking down below the 113.00 handle. The failure to continue higher from the previous highs formed suggests that the downside price action is imminent. In the near term USDJPY could be seen attempting to retest the breached support level of 113.00. Establishing resistance here could signal a […]

Continue reading
1 2 3 8