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

Technical Outlook: USDJPY fell back to test 102.00 – 102.25 as we noted in last week’s report. We expect further declines to continue after the bearish divergence is seen. A retest to 100.75 – 100.80 is therefore very likely although prices are currently trading above the 102.00 – 102.25 support. There is a risk of […]

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

Technical Outlook: USDJPY fell back to test 102.00 – 102.25 as we noted in last week’s report. We expect further declines to continue after the bearish divergence is seen. A retest to 100.75 – 100.80 is therefore very likely although prices are currently trading above the 102.00 – 102.25 support. There is a risk of […]

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

Technical Outlook: USDJPY posted a strong rally last week with little to no pull back to the rally. This indicates a strong correction is likely after USDJPY failed to breakout above the next resistance at 104.290 – 104.10 level. The Stochastics is also showing a bearish divergence currently pointing to USDJPY falling back to 102.75 […]

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USDJPY Weekly Forex Forecast – 29th Aug to 2nd Sept 2016

USDJPY Weekly Forex Forecast – 29th Aug to 2nd Sept 2016 Technical Outlook: USDJPY has broken out from the falling wedge pattern after breaking out strongly from the 100.90 resistance level which is now acting as support. Further gains can be seen for USDJPY to test the upper resistance at 102.75 – 102.25. Watch for any […]

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USDJPY Weekly Forex Forecast – 22nd Aug to 26th Aug 2016

Technical Outlook: USDJPY posted new losses last week as price broke down below the Brexit lows made in late June. However, USDJPY continues to evolve into a descending wedge pattern which signals a potential upside risk. Near term resistance is seen at 100.90 while price is currently being supported at 99.85. Watch for a potential […]

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USDJPY Weekly Forex Forecast – 15th Aug to 19th Aug 2016

Technical Outlook: USDJPY fell back to the previously established support at 100.90, which marks a third time retest of this support. Price action is seen trading strongly within the falling price channel validating the downtrend. Minor resistance zone is identified near 102.75 – 102.25 which needs to be broken in order for USDJPY to aim […]

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