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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 – 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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USDJPY Weekly Forex Forecast – 5th to 9th June 2017

  Technical Outlook: USDJPY failed the ascending triangle pattern and instead broke down lower. This will see price falling towards 110.14 – 110.04 support level. Price action could remain consolidating above 110.04 support but the upside is likely to extend lower towards 108.43 which was the previous lows from March this year. However, watch USDJPY […]

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USDJPY Weekly Forex Forecast – 29th May to 2nd June 2017

Technical Outlook: USDJPY failed to breakout any lower from the bearish flag pattern which currently stands invalidated. However, in the process, price action has formed a potential ascending triangle pattern with the resistance formed at 111.93 region. A breakout above this level will signal a move towards 112.97 which marks the 161.8% Fibonacci extension level. […]

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USDJPY Weekly Forex Forecast – 22nd to 26th May 2017

  Technical Outlook: The USDJPY broke down sharply and the failure to post a rebound on the hidden bullish divergence saw price break down lower to a 3-week low. Price action has formed a bearish flag in the process with minor resistance seen forming at 111.65.A break down below 110.79 will trigger further downside with […]

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USDJPY Weekly Forex Forecast – 15th to 19th May 2017

Technical Outlook: USDJPY has failed to capitalize on the gains above 114.00 and eventually reversed to close lower on Friday, following up from Thursday’s declines as well. Price action is now close to testing the initial support at 113.025 which could offer some support in the near term. Watch the Stochastics on the 4-hour chart […]

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USDJPY Weekly Forex Forecast – 8th to 12th May 2017

Technical Outlook: USDJPY posted a comfortable rally as prices broke past the 111.65 handle last week. The daily charts signal a hidden bearish divergence with the Stochastics printing a higher high against the current lower high in prices. However, the correction could come only on a break down below 111.65. It is advisable to wait […]

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USDJPY Weekly Forex Forecast – 1st to 5th May 2017

Technical Outlook: USDJPY posted multiple attempts near 111.65 but failed as noted in last week’s analysis. This indicates a near term pullback in prices as the U.S. dollar is likely to test the e11.65 resistance level once again. Notice that the daily chart shows multiple inside bars being formed in the past three sessions which […]

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

  Technical Outlook: USDJPY has been relatively flat since the past few weeks but this could change on Monday’s open. In what could be a risk averse trade, USDJPY is at a risk of opening lower on Monday. Note the temporary support level at 108.430 which could be breached. To the downside, USDJPY remains vulnerable […]

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