USDJPY Weekly Forex Forecast Archives - Advanced Forex Strategies

USDJPY Weekly Forex Forecast

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

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 reversalRead More

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

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.Read More

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

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 declineRead More

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

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,Read More

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