USDJPY Weekly Forex Forecast Archives - Advanced Forex Strategies

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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 – 18th to 22nd June 2018

Technical Outlook: The USDJPY currency pair was seen lifting off the support level at 109.97 to test the previously established resistance level at 110.91 – 110.66 region. The rally to this level looks to be a bit overstretched as we expect some short term correction. The declines are likely to send USDJPY back to testing […]

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USDJPY Weekly Forex Forecast – 11th to 15th June 2018

Technical Outlook: The USDJPY currency pair briefly rallied to a two week high last week testing 110.23 before easing back. The currency pair post losses as it reached the support level near 109.14. However, the consolidation between the price levels of 109.97 and 109.14 is expected to signal a potential breakout. To the upside, if […]

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USDJPY Monthly Forex Forecast for June 2018

Technical Outlook: The USDJPY currency pair advanced strongly last month with price action converging with the resistance level established around 111.07 – 110.81 level. The retest of this resistance level is expected to see some downside in prices. This could lead to a correction in prices toward 108.61. The breakout from the rising price channel […]

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USDJPY Weekly Forex Forecast – 4th to 8th June 2018

Technical Outlook: The USDJPY currency pair posted a strong rebound after initially posting losses during the week. However, Friday’s rally toward highs of 109.71 saw the currency pair giving back some of the gains. In the near term, we expect the USDJPY currency pair to slip back to establish support at 109.14 level. This is […]

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USDJPY Weekly Forex Forecast – 28th May to 1st June 2018

Technical Outlook: The USDJPY currency pair gave up some of the gains as noted from last week’s commentary. Failure to hold out above 110.91 – 110.66 push prices lower. USDJPY cleared the first support at 109.97 and extended the declines down to 109.14. From this level, we could expect USDJPY to potentially correct back to […]

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USDJPY Weekly Forex Forecast – 21st to 25th May 2018

Technical Outlook: The USDJPY currency pair stalled the rally as price action hit the resistance level of 110.91 – 110.66. Given this strong resistance level, USDJPY is most likely to post a short term correction in price. The support is seen initially at 109.97 which could be tested to the downside. There is a possibilty […]

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USDJPY Weekly Forex Forecast – 14th to 18th May 2018

Technical Outlook: The USDJPY currency pair initially consolidated near the 109.14 level before attempting to post some gains. However, this led prices to retest the previous highs near 109.86 and thus marking a double top pattern. The 4-hour Stochastic is currently in the oversold level and we could expect a modest retracement to the upside. […]

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USDJPY Weekly Forex Forecast – 7th to 11th May 2018

Technical Outlook: The USDJPY currency pair was seen testing fresh highs last week as price briefly rallied to highs above 109.96. However, the rally faded as price action quickly posted declines. The close below 109.14 and a prompt retest of this level indicates that the upside momentum may be slowing. In the near term, USDJPY […]

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USDJPY Monthly Forex Forecast for May 2018

Technical Outlook: The USDJPY currency pair reached the initial target of 108.14 as mentioned in the monthly report for April. For the month ahead, we see that the gains extended strongly to test a two month high near 109.52 before the currency pair was seen settling lower. The decline coincides with an exhaustion to the […]

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USDJPY Weekly Forex Forecast – 30th April to 4th May 2018

  Technical Outlook: The USDJPY currency pair posted strong gains on the back of a weaker Japanese yen. Price action touched a two month high at 109.14 before easing back on the day. With the current consolidation taking place near the highs, we expect to see a correction in price action in the near term. […]

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