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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 – 16th to 20th April 2018

Technical Outlook: The USDJPY currency pair was seen posting some gains last week but price action eased back by Friday’s close. With the support level around 107.01 – 106.85 being tested firmly, we expect to see another decline back to this level. However, there is scope for a strong rebound off this level is the […]

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USDJPY Weekly Forex Forecast – 9th to 13th April 2018

Technical Outlook: The USDJPY currency pair rallied to a five week high last week as price action traded briefly around the 107.00 level. The U.S. dollar was seen giving up the gains rather promptly. However, price action is seen supported near the price level of 107.00 – 106.85. If this support level holds, then we […]

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USDJPY Monthly Forex Forecast for April 2018

Technical Outlook: The USDJPY was seen initially slipping below the 105.44 – 105.14 level of support but price action quickly recovered from this level following the bullish engulfing pattern that was formed. This was later seen by a stronger bullish candlestick off the support level. The near term consolidation could signal that price action will […]

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USDJPY Weekly Forex Forecast – 2nd to 6th April 2018

Technical Outlook: The USDJPY currency pair was seen rising higher last week which potentially signals that a bottom was in place. In the near term, we expect to see a gradual decline back to the support level at 105.78 – 105.42 region. A retest of support at this level could signal further upside with the […]

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USDJPY Weekly Forex Forecast – 26th to 30th Mar 2018

Technical Outlook: The USDJPY continued to post declines with price breaking below the support level at 105.78 – 105.42 level. In the near term, we expect to see further declines on the horizon. However, watch for a potential pullback to the breached support level which could bring further selling pressure in the currency pair. To […]

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USDJPY Weekly Forex Forecast – 19th to 23rd Mar 2018

Technical Outlook: Price action in USDJPY remains biased to the downside although multiple retest of the support zone near 105.78 – 105.42 has proved the support level to hold the declines. With the USDJPY seen consolidating along the second falling trend line, we expect to see some upside bias building up. The divergence on the […]

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

Technical Outlook: The USDJPY currency pair continued to push higher after price action was seen forming a base near the 105.78 – 105.42 level of support. By Friday’s close, USDJPY was seen testing the major long term trend line. A breakout from the trend line is required in order to establish the upside bias in […]

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USDJPY Forex Forecast for March 2018

Technical Outlook: The USDJPY currency pair continues to remain weak as investors try to decipher the Bank of Japan’s monetary policy. The currency pair breached the 108.47 level of resistance last month which saw prices posting a decline toward 105.72 region. We expect to see further declines coming. The USDJPY has been now losing for […]

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

Technical Outlook: The USDJPY remains week with the stronger Japanese yen outperforming the U.S. dollar. Price action continues to briefly retest the falling trend line only to resume the declines once again. By Friday’s close, the USDJPY was seen trading near the 105.78 – 105.42 level where support has been formed. This could potentially mark […]

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USDJPY Weekly Forex Forecast – 26th Feb to 2nd Mar 2018

Technical Outlook: The USDJPY managed to retrace the losses after prices previously fell to lows around 106.00 region. The rebound pushed USDJPY to test intermediary highs near the 107.00 region. The pullback off this level has resulted in USDJPY posting a higher low. We see strong bullish divergence as per the current set up. USDJPY […]

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