On Friday, the USD/JPY was trading around the 105.00 level, as the rate from time to time pierced the resistance of this level only to return to trade below it. Future scenarios depended on whether or not the resistance of the 105.00 mark holds. Economic Calendar Next week is expected to have a lot of data releases, which could impact the currency
On Thursday, the USD/JPY passed the resistance of the 55-hour simple moving average in a sharp move that quickly reached the 104.75 level. At mid-day on Thursday, the SMA was expected to provide support. In the case of the rate surging, the pair could reach the resistance cluster that surrounds the 105.00 mark. Economic Calendar On Thursday, at 13:30 GMT the US
On Wednesday, the retreat of the USD/JPY found support in the 104.40 level. Afterwards, the rate surged and approached the hourly simple moving averages. If the SMAs provide resistance, the pair could resume its decline and reach for the 104.00 mark. Economic Calendar On Thursday, at 13:30 GMT the US weekly Unemployment Claims will be published. The USD/JPY has recently moved from
Despite passing the 105.50 mark, the USD/JPY did not continue to gain, as the 105.67 level provided resistance and caused a retracement back down. At mid-day on Friday, the rate had recovered and once again tested the 105.67 level. Economic Calendar Next week, the USD/JPY could move due to the US Consumer Price Index data and the US Unemployment Claims. The US Consumer
By the middle of Thursday's US trading hours, the USD/JPY had reached the 105.50 level. As expected, the rate was pushed up by the 55- hour simple moving average. Near term future forecasts were based upon whether or not the 105.50 mark provides psychological resistance. Economic Calendar The week will end with the US monthly employment data sets at 13:30 GMT.
The support of the 55-hour simple moving average has managed to push the USD/JPY through the resistance of the 105.00 level, which was strengthened by a 23.60% Fibonacci retracement level. The near term future depended on whether the SMA continues to push the rate up. Economic Calendar On Wednesday, the US ISM Non-Manufacturing PMI could cause a move from 6.1 to 16.0
Since the second half of Monday's European trading hours, the USD/JPY has been testing the resistance of the 105.00 level and the 23.60% Fibonacci retracement level at 105.03. At mid-day on Tuesday, the resistance of these levels was pierced, which signalled that the rate could reach for higher highs. Economic Calendar On Wednesday, the US ISM Non-Manufacturing PMI could cause a move
On Monday, the USD/JPY was approaching the resistance of the 105.00 level, which was expected to provide resistance. The 105.00 level could provide psychological resistance and the 23.60% Fibo at 105.03 strengthens it. Economic Calendar On Monday, the US ISM Manufacturing PMI at 15:00 GMT could cause a move. The USD/JPY has moved from 5.5 to 27.7 base points on the
At mid-day on Friday the USD/JPY currency exchange rate was testing the resistance of the weekly R3 simple pivot point at 104.94. In the meantime, it was spotted throughout the week that the USD/JPY respected as resistances and support levels the simple weekly pivot points. In the meantime, note that the 105.00 level could provide psychological resistance and the 23.60%
The USD/JPY has jumped, as the currency exchange rate has passed almost all technical resistance levels. At mid-day on Thursday, the currency exchange rate was consolidating by trading sideways between the 104.22 and 104.37 levels. Economic Calendar On Thursday, January 28, the US Advance GDP data is set to be released at 13:30 GMT. Also, the US Unemployment Claims data will
The USD/JPY has found support above the 103.50 mark and surged above the hourly simple moving averages, the trend line of the descending pattern and a pivot point. Economic Calendar On Wednesday, January 27, the Federal Reserve is going to unveil its monetary policy plans by publishing the FOMC Statement at 19:00 GMT. On Thursday, January 28, the US Advance GDP data
Despite the USD/JPY piercing the trend line of the 2021 high levels, the rate returned to trade below it on Tuesday. During the day's afternoon hours, the pair bounced off the trend line and passed four technical support levels. In regards to the near term future, the rate was expected to continue to decline a slow as 103.50. Economic Calendar On Wednesday,
On Monday, the USD/JPY bounced off the resistance line that can be drawn by connecting the January high levels. Afterwards, the pair found support in the hourly simple moving averages. In the meantime, a declining wedge pattern was charted on the rate's hourly candle chart. Economic Calendar On Wednesday, January 27, the Federal Reserve is going to unveil its monetary policy plans
Since Friday morning hours, the USD/JPY has been testing the 100-hour moving average near 103.70. If the given resistance holds, the pair could bounce off and target the 103.30 mark. Economic Calendar On Friday, the US Services and Manufacturing PMIs could cause a notable adjustment in the USD value. The USD/JPY had moved from 3.0 to 28.6 pips on the release since
The USD/JPY currency pair breached the symmetrical triangle pattern. Given that the pair is pressured by the 55-, 100- and 200-hour SMAs, some downside potential could prevail. Economic Calendar This week, data releases, which could impact the USD/JPY start on Thursday. At 13:30 GMT, the weekly US Unemployment Claims are set to be published. The rate has moved only from 3.6 to
The USD/JPY has passed the simple moving averages and the weekly pivot point. By the middle of Wednesday's trading hours, the USD/JPY had almost reached the lower trend line of the triangle pattern. In the meantime, the previously passed simple moving averages were providing resistance near the 103.80 level. Economic Calendar This week, data releases, which could impact the USD/JPY start on
The resistance of the SMAs failed, as the USD/JPY sharply surged in the first hours of Tuesday's trading. The rate reached above the 104.00 mark and afterwards started to fluctuate sideways. In the meantime, the rate has revealed a symmetrical triangle pattern, which could continue to guide the USD/JPY. Economic Calendar This week, data releases, which could impact the USD/JPY start on
The USD/JPY started the week's trading with a bounce off from the resistance of the hourly simple moving averages near 103.80. In the near term future, the rate was expected to be pushed down by the SMAs and test the previous week's low levels. Economic Calendar This week, data releases, which could impact the USD/JPY start on Thursday. At 13:30 GMT,
Since the middle of Thursday's European trading hours, the USD/JPY currency exchange rate has been trading between the support of the 200-hour simple moving average and the resistance of the 55-hour simple moving average. Future scenarios were depending on which of the simple moving averages fails. Economic Calendar The week will end with the publication of the US Retail Sales and US
Since the middle of Wednesday's GMT trading hours, the USD/JPY has traded near the 104.00 level. Namely, the pair has been trading between the 103.80 and 104.20 levels. In the meantime, the pair had been approached by the 55 and 100-hour simple moving averages. Economic Calendar On Thursday, at 13:30 GMT, expect the weekly US Unemployment Claims. Despite the attention this release
The support of the 55-hour SMA failed to push the rate up. Instead, as the technical support level failed, the rate began a sharp decline, which reached the support levels near 103.50. The rate bounced off the support levels and by the middle of Wednesday's European trading hours, the rate had recovered to the 104.00 level. Economic Calendar During the week, there
Since midnight to Monday, the USD/JPY has continued to trade sideways around the 104.20 level. It appears that the sideways trading occurred in the borders of the 104.00 and 104.40 levels. At mid-day on Tuesday, it was spotted that the currency exchange rate was approached by the support of the 55-hour simple moving average. Economic Calendar During the week, there will be
The USD/JPY passed the resistance of the 104.00 level at midnight to Monday. During the morning hours of Monday's trading, the pair was testing the resistance of the 104.20 mark. Meanwhile, the currency exchange rate had broken the upper trend line of the medium scale channel up pattern. Economic Calendar During the week, there will be minor data sets published, which could
The USD/JPY managed to pass the weekly R1 pivot point at 103.82. Since it occurred at mid-day on Thursday, the pivot point has been providing the rate with support. In the meantime, by the middle of Friday's trading, the rate has made three attempts to pass the resistance of the round exchange rate level of 104.00. Economic Calendar The week will