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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 – 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 pull […]

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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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