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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 – 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. Immediate support at 111.27 will be […]

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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 doji close formed and price is […]

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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 with a hammer pattern which comes […]

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USDJPY Weekly Forex Forecast – 7th to 11th Nov 2016

Technical Outlook: USDJPY broke down below 104.27 and extend its gains down to 103.00. Price action is a few pips shy from testing the 102.50 support level. Look for price to consolidate at this level in the near term. There is a risk that the dollar could fall further down to 100.83 – 100.74 support […]

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USDJPY Weekly Forex Forecast – 31st Oct to 4th Nov 2016

Technical Outlook: USDJPY was bullish last week and the bearish scenario mentioned last week was invalidated after a daily close above 104.27. The momentum to the upside is however showing signs of easing but price could remain range bound. Next week’s high impact central bank meetings will no doubt keep USDJPY very volatile. Further upside […]

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USDJPY Weekly Forex Forecast – 24th to 28th Oct 2016

Technical Outlook: USDJPY continued to consolidate near 104.27 – 104.00 resistance level for most of last week. Despite the intra-week dip to 103.20, price quickly reversed back with Friday seen trading back near 104.00 resistance. However, following the reversal pattern near 104.00, price is now likely to move lower. The head and shoulders pattern which […]

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USDJPY Weekly Forex Forecast – 17th to 21st Oct 2016

Technical Outlook: USDJPY continued to push higher last week breaking above 104.00 handle. But the upside momentum could be at risk with some signals showing a bearish pullback in prices. Firstly, note the head and shoulders pattern with the right shoulder being formed as prices are currently attempting to break out from the resistance zone […]

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USDJPY Weekly Forex Forecast – 10th to 14th Oct 2016

Technical Outlook: USDJPY saw one of the strong weekly gain as price posted a near 8-day rally. As noted in last week’s analysis, USDJPY extended gains to 104.00 resistance level before turning lower by Friday’s close. The strong rally is expected to see a near term pullback and in the coming week we could expect […]

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USDJPY Weekly Forex Forecast – 3rd to 7th Oct 2016

Technical Outlook: USDJPY has managed to find support above 100.00 psychological level and is poised to retest the previous resistance at 102.46. A breakout above this resistance could see further gains pushing USDJPY towards 104.00 resistance. To the downside, a breakout below 100.70 will signal near term declines towards 99.88. On the daily chart bear […]

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

Technical Outlook: USDJPY was also range bound, bouncing off resistance at 102.56 – 102.46 and support at 100.80. Price briefly dipped lower and is currently consolidating into a bearish flag continuation pattern. A break down below 100.80 could trigger further downside in USDJPY which could see a decline to 99.88. Alternately, if USDJPY breaks out […]

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