Yesterday, the USD/JPY currency pair consolidated in the 106.60 area. Note that the pair is pressured by the 55-hour moving average. Thus, some downside potential could prevail. Economic Calendar Today, the US Unemployment Claims will be released at 12:30 GMT. On Friday, the US ISM Manufacturing PMI is scheduled to be published at 14:00 GMT. Next week's notable scheduled events are set to start
The decline of the USD/JPY has continued, as by the middle of Wednesday's GMT trading hours, the rate had reached the 106.40 mark. Near that level the rate met with the weekly S3 simple pivot point. Future forecasts were based upon whether the support of the 106.40 holds. Economic Calendar The week starts with the US Advance GDP release on Wednesday at
On Tuesday, the USD/JPY rate dropped to the 106.50 level. By doing this it passed the support of the 107.00 mark and a cluster of technical support levels at 106.85. In regards to the near term future, the rate was expected to reach the weekly S3 simple pivot point at 106.44. Economic Calendar The week starts with the US Advance GDP release
On Friday, the USD/JPY currency pair tried to decline below the 107.40 level. During Monday morning, the pair broke the lower boundary of the short-term descending channel. Economic Calendar The week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of three types of US quarterly GDPs. The Advance release reveals the first Gross Domestic
After finding support in the 107.40 mark on Thursday, the USD/JPY experienced a sharp fundamental surge, which reached above the 108.00 level. However, immediately afterwards, the pair returned to trade in the channel down pattern. On Friday morning, the rate was bouncing around between the support levels at 107.60 and the resistance of 107.70. Economic Calendar On Friday, a notable reaction of
Despite not declining on Wednesday, as forecast, the USD/JPY continued to trade in the recently discovered channel down pattern. By the middle of Thursday's trading, the upper trend line of the pattern had been tested six times. Economic Calendar On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most likely, the event would reveal another major
As forecast, the USD/JPY declined on Tuesday. During the morning hours of the day, the pair bounced off the 107.30 level. By doing that, the rate revealed a channel down pattern. In regards to the future, on Wednesday the rate had bounced off the upper trend line of the pattern and passed the support of hourly simple moving averages. It
The USD/JPY started a decline, as it was about to face the resistance of the 108.00 level and the 200-hour simple moving average. By the middle of Tuesday's GMT trading hours, the pair had been pushed through the support of the 55 and 100-hour SMAs and the weekly pivot point. In addition, the channel up pattern was broken. Economic Calendar On Thursday,
On Monday, the USD/JPY currency exchange rate traded between various hourly simple moving averages. In regards to the future, the rate was expected to approach the resistance of the 108.00 level and the 200-hour SMA at 107.97. Economic Calendar On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most likely, the event would reveal another major
Since the start of Wednesday's trading session, the USD/JPY has made two attempts to pass the resistance of the 108.00 level. By mid-day on Friday, the rate was about to do another attempt, as it had found support in the 55 and 100-hour simple moving averages. In regards to the future, the rate was expected to get squeezed in between
The pattern, which was revealed by the USD/JPY on Tuesday, was broken at midnight to Thursday. The rate broke out to the upside and reached the 108.00 level. At that level, the rate met with the weekly S1 simple pivot point, which caused a decline. By the middle of Thursday's GMT trading hours the pair had almost reached the 107.50
As it was speculated on Tuesday, the 107.00 level provided the USD/JPY exchange rate with the needed support for a rebound. By the middle of Wednesday's GMT trading hours, the rate's recovery had reached the combined resistance of the 55-hour SMA and a weekly S2 simple pivot point. Economic Calendar Due to the fundamental changes in the markets, Dukascopy Analytics suggests
The USD/JPY broke a weekly S2 simple pivot point on Tuesday morning. Due to that reason the pair had no technical support as low as 106.85, and the rate was expected to decline. However, the 107.00 exchange rate level could provide support and stop the fall. Economic Calendar Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the
USD/JPY has broken out of the squeeze between the 55 and 100-hour simple moving averages. However, the break out did not result in a sharp move, as the pair immediately was stopped by the resistance of the 109.00 level. In regards to the near term future, it was most likely expected that the rate could be pushed up by the
The decline of the USD/JPY passed the support of the 55-hour simple moving average and touched the 108.50 mark. By the middle of the day's GMT trading hours, the pair had rebounded from this level and reached the 109.00 mark. In the meantime, the rate was expected to get squeezed in between the 55 and 100-hour simple moving averages. Economic Calendar As
The USD/JPY made two failed attempts to pass the resistance of the 109.30 level. Afterwards, the currency exchange rate declined until it found support of the 55-hour simple moving average. By the middle of Tuesday's GMT trading hours, the rate had surged, as it was pushed up by the mentioned SMA. Economic Calendar As it occurred during the last week, due to
On Monday morning, the USD/JPY reached the 109.40 level. The pair traded at this level shortly, as it tested the resistance of three technical levels from 109.24 to 109.40. By the middle of the day's GMT trading hours, the pair had bounced off the resistance levels and was declining. Economic Calendar As it occurred during the last week, due to the fundamental
At mid-day on Thursday, a fundamental jump occurred on the USD/JPY charts. During the sudden surge, the rate passed the resistance of the 55 and 100-hour simple moving averages and a 38.20% Fibonacci retracement level from 107.60 to 107.90. On Friday, these levels provided support, and the pair continued its surge. Economic Calendar As it occurred during the last week, due to
Since the middle of Wednesday's GMT trading hours, the USD/JPY has traded almost sideways. However, the pair had begun to trade below the 107.50 mark. In the meantime, it could be spotted that the rate is being supported by the 107.00 level. In regards, to the near term future, the rate was expected to trade between 107.00 and 107.50 until
The USD/JPY did not reach the cluster of resistance levels that was located above 109.00. Instead the rate bounced off the 108.75 level and declined to the 107.50 mark. By the middle of the day's GMT trading hours, the rate was expected to head for a strong cluster of technical resistance levels that was spread from 109.10 to 109.34. Economic Calendar During
On Tuesday, the USD/JPY started trading with the passing of the resistance of a simple moving average, which afterwards started to support the currency exchange rate. By the middle of the day's GMT trading hours, the rate was expected to head for a strong cluster of technical resistance levels that was spread from 109.10 to 109.34. Economic Calendar During the week, historical
The decline of the USD/JPY reached below the 107.50 level on Monday morning. Afterwards, a recovery began, which was expected to end during the second part of Monday's GMT trading hours. Namely, the rate was about to face the resistance of a channel down pattern and the 55-hour simple moving average. Economic Calendar During week, data can be ignored, as the fundamental
The USD/JPY declined even more than expected during the last 24 hours. Moreover, it continues to plummet, as, at the time of writing, the rate was heading to the 108.00 level. Moreover, the pair had no technical support levels close by that could stop the decline. Economic Calendar Next week, data can be ignored, as the fundamental background is so much
The 111.50 level held after five attempts to break it. The USD/JPY has plummeted, as it passed all of the support levels from 110.80 to 111.30. By the middle of Thursday's GMT trading hours, the currency exchange rate was about to approach support levels that were located from 109.18 to 109.38. Economic Calendar The week will end with the US Final GDP