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USD/JPY Weekly Outlook

USD/JPY's recovery attempt last week was limited at 81.77 after facing resistance from near term falling channel. Initial bias is neutral this week first. On the downside, below 81.16 minor support will indicate that choppy fall from 84.17 is likely resuming for 61.8% retracement of 76.02 to 84.17 at 79.13. Though, break of 81.77 temporary top will now affirm the case that pull back from 84.

Apr 23, 2012 | ActionForex

USD/JPY Weekly Outlook

USD/JPY dipped further to as low as 80.56 last week but tried to draw support from 80.58 and turned sideway. Nonetheless, recovery was rather weak. Overall development in yen crosses suggests that yen's rally is not over. We'd mildly favor deeper fall as long as 81.86 minor resistance holds. Decisive break of 80.56 will extend the decline from 84.17 to 61.8% retracement of 76.02 to 84.

Apr 15, 2012 | ActionForex

USD/JPY Weekly Outlook

USD/JPY's correction from 84.17 continued last week with another dip to 81.82. Further decline cannot be ruled out yet with 83.38 minor resistance intact. But in that case, downside is expected to be contained by 80.58/81.86 support zone and bring rally resumption eventually. Above 83.38 minor resistance will flip bias back to the upside. Further break of 84.17 will extend the rally from 76.

Mar 31, 2012 | ActionForex

USD/JPY Weekly Outlook and Trading Idea

USD pulled back more than expected but has remained abv the 81.80/81.65 key support level. So, the wave count presented on the chart above is still valid. What's more, the prices remain abv the rising 21-day moving average which indicates the underlying trend is strong. But firm and sustained break abv 83.

By Alexander Nikolov | Mar 26, 2012 | TrendRecognition

USD/JPY Weekly Outlook

USD/JPY's correction from 84.17 extended lower last week and initial bias remains on the downside this week for 81.86 support. At this point, we'd expect strong support from 80.58/81.86 support zone to contain downside and bring rebound. Rally from 76.02 is still expected to resume sooner or later. On the upside, above 82.94 minor resistance will flip bias back to the upside.

Mar 25, 2012 | ActionForex

GBP/USD Weekly Outlook and Trading Idea

Last week GBP declined below 1.5640 but nothing happened as the decline quickly ended. The the Friday's rally turned the very short-term picture positive. So, ti appears that wave C of (E) might have started already. If correct, gains twd 1.63/1.64 will be expected. A move abv 1.5945 will confirm this bullish view.

By Alexander Nikolov | Mar 19, 2012 | TrendRecognition

USD/JPY Weekly Outlook and Trading Idea

USD/JPY has reached my first upside objective at 83.80. The market has pulled back a bit from there but this pullback has been quite choppy. So, I think the upmove from the early Feb low is far from its completion. If USD manages to clear firmly the 83.80 level, a rally twd 87.40 will be favored. On the downside, a move below 81.80/70 negates and risks deeper pullback of the most recent gains.

By Alexander Nikolov | Mar 19, 2012 | TrendRecognition

USD/JPY Forecast for the Week of March 19, 2012, Technical Analysis

The USD/JPY pair had yet another bullish week as the Bank of Japan and its bond buyback program continues to pump Yen into the marketplace. The recent action has been the start of a trend change, and this move could go on for quite some time as a result. The 80 level still is our "line in the sand" for being bullish, and we are now 3 and a half handles above that level.

Mar 19, 2012 | FXEmpire

USD/JPY Weekly Outlook

USD/JPY rose to as high as 84.17 last week before forming a temporary top there and retreated. Initial bias is neutral this week for some consolidations. But downside should be contained above 81.86 resistance turned support and bring another rise. Above 84.17 should extend the rise from 76.02 to retest 85.51 key resistance level next.

Mar 18, 2012 | ActionForex

USD/JPY Weekly Outlook

USD/JPY fall from 76.02 resumed after brief consolidation and reached as high as 82.64. Initial bias remain son the upside this week for a test on 85.51 key resistance level. On the downside, break of 80.58 support is needed to signal short term topping. Otherwise, we'll stay bullish even in case of retreat.

Mar 11, 2012 | ActionForex

USDJPY: Sets Up For Further Upside Momentum

Having broken through the 81.47 level, its July 08'2011 high and resumed its uptrend, USDJPY looks to strengthen further in the new week. In such a case, the 82.21 level, its May 24'2011 high will be targeted with a cut through there exposing the 83.27 level and then the 85.49 level. Its weekly RSI is bullish and pointing higher suggesting further strength.

By Mohammed Isah | Mar 05, 2012 | FX Tech Strategy

USD/JPY Forecast for the Week of March 5, 2012, Technical Analysis

The USD/JPY pair initially fell during the week as the market went back down to retest the 80 level. Now that the level has held as support, this could be the start of a much larger move. The weekly candle shape is that of a hammer, and it is sitting just above the 80 line.

Mar 05, 2012 | FXEmpire