USDJPY Weekly Forex Forecast Archives - Advanced Forex Strategies

USDJPY Weekly Forex Forecast

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

USDJPY Weekly Forex Forecast - 9th to 13th Jan 2017

USDJPY Weekly Forex Forecast – 9th to 13th Jan 2017

Technical Outlook: USDJPY broke down below the support level at 116.80 week but just a day later price was seen posting a strong reversal from the 15-day low at 117.23. By Friday’s close, USDJPY was seen moving back into the resistance level of 118.00 – 116.80. Price action in USDJPYRead More

USDJPY Weekly Forex Forecast - 2nd to 6th Jan 2017

USDJPY Weekly Forex Forecast – 2nd to 6th Jan 2017

Technical Outlook: USDJPY has failed to breakout above 118.00 over the past few weeks and the price action is indicative of a correction lower. Support at 111.27 comes in as the first level of support that could hold the prices. USDJPY could remain range bound below 118.00 – 111.27 resistanceRead More

USDJPY Weekly Forex Forecast - 26th to 30th Dec 2016

USDJPY Weekly Forex Forecast – 26th to 30th Dec 2016

Technical Outlook: USDJPY has been stuck within the 118.00 – 116.80 resistance level for most of last week with the Stochastics strongly positioned in the overbought levels. However, this could signal a short term consolidation on the daily chart. There is a potential for an upside squeeze towards 118.20 withRead More

USDJPY Weekly Forex Forecast - 19th to 23rd Dec 2016

USDJPY Weekly Forex Forecast – 19th to 23rd Dec 2016

Technical Outlook: USDJPY formed an inside bar on Friday’s close as the dollar maintained strong gains against the yen. Price action is currently trading within the 118.00 – 116.80 resistance level where the Stochastics oscillator on the daily chart shows a hidden bearish divergence on the long term and evenRead More

USDJPY Weekly Forex Forecast - 12th to 16th Dec 2016

USDJPY Weekly Forex Forecast – 12th to 16th Dec 2016

Technical Outlook: USDJPY continues to break higher ground with Friday’s price action showing the dollar rising above the 115.00 resistance level. However, this strong rally has been somewhat superficial which could signal the risk to the downside. Look for USDJPY to close below 114.50 – 114.00 level which will signalRead More

USDJPY Weekly Forex Forecast - 5th to 9th Dec 2016

USDJPY Weekly Forex Forecast – 5th to 9th Dec 2016

Previous USDJPY Weekly Forex Forecast Technical Outlook: USDJPY moved to the resistance level of 114.00 – 114.50 by Thursday and closed bearish for the two days. Support is now seen at 111.27 and further declines could push the dollar lower. A break out below 111.27 will see USDJPY extend itsRead More

USDJPY Weekly Forex Forecast - 28th Nov to 2nd Dec 2016

USDJPY Weekly Forex Forecast – 28th Nov to 2nd Dec 2016

Previous USDJPY Weekly Forex Forecast Technical Outlook: USDJPY continued its bullish run and rallied to test the 114.00 price region. Friday’s doji close is an indication that we could see a reversal, however, a daily close below Friday’s low of 112.56 will be the required trigger in this case. ImmediateRead More

USDJPY Weekly Forex Forecast - 21st to 25th Nov 2016

USDJPY Weekly Forex Forecast – 21st to 25th Nov 2016

Previous USDJPY Weekly Forex Forecast Technical Outlook: USDJPY has moved sharply over the past few days and further gains came after price closed above Wednesday’s doji high of 109.76. Price is near the 111.27 resistance level the high from late May 2016. On the 4-hour chart we see a dojiRead More

USDJPY Weekly Forex Forecast - 14th to 18th Nov 2016

USDJPY Weekly Forex Forecast – 14th to 18th Nov 2016

Technical Outlook: USDJPY rallied to a 4-month high on the back of the US elections but the strong momentum led gains could be at risk of a correction. Following the break of resistance at 104.27, price has yet to establish this level for support. On Friday, USDJPY closed out withRead More