Forex Analysis for USD/JPY

First, a review of last week’s events: EUR / USD. 40% of analysts predicted the growth of this pair to the 1.1900 zone and were right: the local weekly high was recorded at 1.1880, and the five-day period ended at 1.1860. Strong macro statistics from the United States, as well as a record increase ....

For Traders Forex Analysis Wave analysis 23.10.202011:02 Simplified wave analysis and forecast for GBP/USD and USD/JPY on October 23 Relevance up to 08:00 2020-10-24 UTC+00 GBP/USDAnalysis:The wave level of the bullish section from September 9 on the British pound chart exceeded t...

The USD is trading at its 7-week low, and it looks like it will continue falling further. If we just look at the major pairs like EUR/USD, GBP/USD, and USD/JPY, we will notice that technical analysis stands for the continuation of the US dollar’s weakness. For example, there is the weekly EUR/USD ch...

23.10.2020After a short pause, USDJPY is falling again of Friday; investors are still interested in “safe haven” assets.The Japanese Yen continues strengthening against the USD. The current quote for the instrument is 104.58.Market players are once again interested in “safe haven” assets, including ...

For Traders Forex Analysis Technical analysis 23.10.202009:58 Forex forecast 10/23/2020 from Sebastian Seliga Relevance up to 07:00 2020-10-24 UTC+00 Today is the PMI day as many of the countries in EU are releasing their PMI Construction, PMI Services and PMI Composite data,...

For Traders Forex Analysis Fundamental analysis 23.10.202008:11 USD/JPY. Risk-off sentiment barometer: the yen may update the weekly low again Relevance up to 06:00 2020-10-24 UTC+00 Japan published the key data on the growth of inflation in the country, as well as PMI indices, du...

23.10.2020BTCUSD, “Bitcoin vs US Dollar”BTCUSD is trading at 12935.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. As one can see, bulls haven’t been to fix above the resistance area at 13000.00 yet. The markets could indicate that the price may test the clo...

23.10.2020EURUSD, “Euro vs US Dollar”After breaking 1.1826 and forming a downside continuation pattern, EURUSD has reached the short-term downside target at 1.1786. Possibly, the pair may return to 1.1826 to test it from below and then resume trading downwards with the first target at 1.1771. Later,...

For Traders Forex Analysis Technical analysis 23.10.202005:27 Forecast for USD/JPY on October 23, 2020 Relevance up to 02:00 2020-10-24 UTC+00 USD/JPY The dollar strengthened by 22 points against the yen on Thursday, and the embedded price channel line restrained its growth on t...

For Traders Forex Analysis Fundamental analysis 22.10.202009:19 Investors are scared of the uncertainty on stimulus package and result of the US presidential election Relevance up to 07:00 2020-10-23 UTC+00 The global financial market in general and currency market in particular ...

22.10.2020GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading at 1.3146; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3080 and then resume moving upwards to reach 1.3290...

22.10.2020EURUSD, “Euro vs US Dollar”After completing another ascending structure at 1.1880, EURUSD is forming a new descending impulse. Possibly, the pair may reach 1.1840 and then form another consolidation range above this level. If later the price breaks this range to the downside, the market ma...

For Traders Forex Analysis Technical analysis 22.10.202005:06 Forecast for USD/JPY on October 22, 2020 Relevance up to 02:00 2020-10-23 UTC+00 USD/JPY US stock indices are in disarray - on the one hand, they want to grow on the strengthened hopes that the White House and Congres...

USD/JPY now trades between 104.80 and 105.00. Further below, there are only September lows. The closest one is 104.5 – if the currency pair reaches there, that would be half-way to the bottom of the large downward channel. 104.00 would be the true support to look for – that’s where USD/JPY would lik...

For Traders Forex Analysis Technical analysis 21.10.202013:43 Main currency instruments - EUR / USD & GBP / USD - h4. Comprehensive Analysis of APLs & ZUP traffic options from October 21, 2020 Relevance up to 11:00 UTC+00 Operational Scale Minute (h4 timeframe) Major cur...

For Traders Forex Analysis Fundamental analysis 21.10.202009:08 Optimistic negotiation results between Mnuchin and Pelosi can push the dollar down. Overview of USD, CAD, JPY Relevance up to 07:00 2020-10-24 UTC+00 Yesterday, Ms. Pelosi and Mr. Mnuchin stated that they will reach ...

21.10.2020USDJPY, “US Dollar vs. Japanese Yen”In the H4 chart, USDJPY is moving below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to break 5/8 and then continue falling towards the support at 4/8. However, this scenario may no longe...

21.10.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the uptrend continues. Right now, after forming an Inverted Hammer pattern close to the support area, EURUSD is reversing and may later resume growing to reach the target at the resistance level at 1.1895. At the same time, an alte...

21.10.2020GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading at 1.2997; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2960 and then resume moving upwards to reach 1.3130...

21.10.2020EURUSD, “Euro vs US Dollar”After choosing an alternative scenario and reaching 1.1844, EURUSD is expected to form a new consolidation range above 1.1800. If later the price breaks this range to the downside, the market may start a new decline to reach 1.1760, return to 1.1800 to test it fr...

For Traders Forex Analysis Technical analysis 21.10.202005:18 Forecast for USD/JPY on October 21, 2020 Relevance up to 02:00 2020-10-22 UTC+00 USD/JPY The USD/JPY pair gained yesterday, it even tried to overcome the resistance of the MACD line on the daily timeframe, but the tec...

For Traders Forex Analysis Technical analysis 20.10.202010:42 Technical analysis of USD/JPY for October 20, 2020 Relevance up to 08:00 2020-10-21 UTC+00 Overview :Between 105.30 and 105.71 USD/JPY reached 105.59, which was the highest price for the pair on record since yesterday. ...

20.10.2020EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, the previous descending correctional wave has failed to reach 38.2% fibo and, as a result, a new rising wave may update both the short-term and the key (1.2011) highs. After breaking them, the pair may continue growing towards the l...

20.10.2020EURUSD, “Euro vs US Dollar”After rebounding from 1.1703 and then breaking 1.1744 to the upside, EURUSD has reached the short-term correctional target at 1.1788 and may later continue moving according to an alternative scenario to finish the correction at 1.1800. Possibly, today the pair ma...

For Traders Forex Analysis Technical analysis 20.10.202005:34 Forecast for USD/JPY on October 20, 2020 Relevance up to 02:00 2020-10-21 UTC+00 USD/JPY The dollar strengthened against the yen by 4 points on Monday, which, with the overall fall of the US stock market by 1.63% (S&a...

For Traders Forex Analysis Technical analysis 19.10.202011:01 Analysis and forecast for USD/JPY on October 19, 2020 Relevance up to 08:00 2020-10-20 UTC+00 At the auction on October 12-16, the Japanese yen was the only major currency that strengthened against the US dollar. Howeve...

There are two processes happening with USD/JPY now from the technical perspective. From the upside, there is the resistance range of 105.47 – 105.50, enforced by the 200-MA. It is providing the roof for the pair’s movement which has only been checked a couple of times since last week. From the downs...

19.10.2020USDJPY, “US Dollar vs Japanese Yen”USDJPY is trading at 105.40; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 105.55 and then resume moving downwards to reach 104.30. A...

19.10.2020EURUSD, “Euro vs US Dollar”After completing the correction at 1.1744 and rebounding from this level to the downside, EURUSD is still trading downwards. Today, the pair may reach 1.1688 and then grow to test 1.1714 from below. Later, the market may form a new descending structure with the p...

For Traders Forex Analysis Technical analysis 19.10.202005:26 Forecast for USD/JPY on October 19, 2020 Relevance up to 03:00 2020-10-20 UTC+00 USD/JPY The USD/JPY pair slightly dropped as US stock indices closed mixed on Friday, but the pair remained close to the balance indicat...