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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 – 14th to 18th Aug 2017

Technical Outlook: The sentiment in the USDJPY deteriorated, largely on account of the investor risk appetite fading on the back of the North Korea tensions. The breakdown of the support at 109.70 gave way to further declines in the USDJPY. Price action was seen slipping back to retest the lows from 13 June near 109.07. […]

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USDJPY Weekly Forex Forecast – 7th to 11th Aug 2017

Technical Outlook: The USDJPY fell strongly below the 110.80 support level. However, price action has failed to test the next lower support at 109.70. The current reversal we see has met with 110.80 serving as resistance. Therefore a bearish close from here on could suggest a near term decline in USDJPY. To the downside, watch […]

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USDJPY Weekly Forex Forecast – 31st July to 4th Aug 2017

Technical Outlook: USDJPY attempted to rally above 111.695. The currency pair managed to briefly break above this level but price action was quickly prompted by a strong bearish candle. By Friday’s close, USDJPY closed just below the support at 110.80. The next lower support is found at 109.70. This could be the next downside target […]

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USDJPY Weekly Forex Forecast – 24th to 28th July 2017

Technical Outlook: USDJPY continued its losing streak as price fell to a 4-week low, closing on Friday at 111.11. Further declines could be seen coming with the major support at 110.80 in place. A near term retracement could see USDJPY test the resistance level at 111.57 – 111.69 region. The bullish bias gains momentum only […]

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USDJPY Weekly Forex Forecast – 17th to 21st July 2017

Technical Outlook: USDJPY broke below the support level at 113.23 – 112.98. Any attempts to retrace the losses will likely see this support level turning to resistance. To the downside, the initial support at 111.69 – 111.57 will be tested. A break down below this level could signal further declines to the next major support […]

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USDJPY Weekly Forex Forecast – 10th to 14th July 2017

Technical Outlook: USDJPY continued its bullish ascent with prices closing above 112.90 – 113.23 region. In the near term, USDJPY could be seen posting a correction towards the 112.90 – 113.23 level where support could be established in the short term. There are multiple strong levels of support to the downside. The longer term bias […]

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USDJPY Weekly Forex Forecast – 3rd to 7th July 2017

Technical Outlook: USDJPY rallied briefly towards 113.00 resistance level but fell short of testing this resistance level firmly. Price action dipped back lower towards 111.84 and is now attempting another test towards the resistance level. Note that the support at 111.69 – 111.57 was not tested clearly, therefore there is a risk of a decline […]

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USDJPY Weekly Forex Forecast – 26th to 30th June 2017

Technical Outlook: USDJPY has failed to break past the resistance level near 111.69 – 111.58 for the most part last week. However, price action has maintained a tight range which suggests a near term breakout. To the downside, USDJPY could be seen testing the support at 110.14 – 110.04 levels, while to the upside, USDJPY […]

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USDJPY Weekly Forex Forecast – 19th to 23rd June 2017

Technical Outlook: USDJPY broke past the resistance level at 110.14 – 110.04 and managed to push higher. However, price action is seen reversing the gains just below the 111.57 – 111.69 resistance level. In the near term, the declines could see USDJPY slip towards 110.14 – 110.04 support level which previously served as resistance. Establishing […]

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USDJPY Weekly Forex Forecast – 12th to 16th June 2017

Technical Outlook: USDJPY posted a recovery rally, but it isn’t clear if this rally will be sustainable for now. Price action broke past 110.14 – 110.04 resistance level before slipping back slightly above this level. A break down below 110.14 – 110.04 will signal either a consolidation above the previous swing low point of 109.113 […]

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