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
The resistance levels near the 103.00 mark failed, and the USD/JPY recovered. By the middle of Thursday's GMT trading hours, the currency exchange rate had reached the 103.70 level. In the near term future, the rate was expected to test the resistance of a weekly simple pivot point at the 103.82 level. Economic Calendar On Wednesday, the FOMC Meeting Minutes are set
In the aftermath of touching the 102.60 level, the USD/JPY recovered on Wednesday morning. By the middle of the day, the rate was testing technical resistance levels near 102.80/102.90. Future forecasts depended on whether or not the technical levels and the 103.00 mark provide resistance. Economic Calendar On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. Expect
After touching the 102.70 level on Monday, the USD/JPY currency exchange rate retraced to the 103.20 level, which provided resistance. The 103.20 held and caused a decline. By the middle of Tuesday's European trading hours, the decline had reached the 102.80 level. Economic Calendar The first week of the year is bound to have notable data releases. The top among them are
Since December 30, the resistance of the 103.35 level held. In the meantime, the rate was supported by the 103.00 mark. On January 4, the rate passed below the 103.00 mark. In the near term future, the rate was expected to continue to decline. Economic Calendar The first week of the year is bound to have notable data releases. The top among
The 103.70 level provided the USD/JPY rate with resistance up to mid-day on Tuesday. Afterwards, the rate began a sharp decline, which on Wednesday reached the support of the 103.00 mark. The 103.00 level provided the rate with support, which caused a recovery, which almost immediately reached the resistance of the 103.35 level. Economic Calendar The first week of the year
The resistance zone of 103.70 was passed and the rate immediately reached the December 17 and 21 high level of 103.90. However, this level held and caused a decline. By the start of the US trading hours, the rate had found support in the 100-hour SMA at 103.60 and was headed back to the 103.90 level. Economic Calendar On Thursday, at 13:30
At mid-day on Monday, the USD/JPY was testing the resistance of the zone near the 103.70 level. Future forecasts were based upon whether or not this level holds. In the meantime, note that the rate had pierced the support of three hourly simple moving averages and a supporting trend line. Economic Calendar On Thursday, at 13:30 GMT, the US Jobless Claims could
On Wednesday, the USD/JPY remained at the same level, where it was on Tuesday morning. However, the rate had made a sure upwards and bounced off the 103.65/103.70 zone. By looking more into it, it was discovered that this zone provided the rate with support at the end of November and the start of December. In addition, it was
During Monday's European noon trading hours, the USD/JPY passed the support of the weekly simple pivot point, a lower trend line of a channel up pattern and the 55 and 100-hour simple moving averages. However, this did not result in a sharp decline, as the rate began to trade sideways. Economic Calendar The week of Christmas is set to have an
The USD/JPY has continued to recover, as the rate reached the 103.80 mark on Monday morning. However, the touching of a new high level was followed by a decline back to the support levels near 103.40. In the meantime, a channel up pattern was added to the currency exchange rate, which represents the rate's recovery from the 103.00 mark. Economic Calendar The
The USD/JPY currency pair remains under pressure of the 100-hour moving average near 103.60. Thus, some downside potential could prevail in the market. Note that the pair could gain support from the weekly S3 at 103.00. Economic Calendar There are no more notable events for the rate this week. However, during Thursday's trading hours the next week's event review is set to
The USD/JPY has continued to decline, as by the middle of Thursday's GMT trading hours, the rate had reached and pierced the 103.00 level. The near term future depended on what would happen at the 103.00 mark. Economic Calendar There are no more notable events for the rate this week. However, during Thursday's trading hours the next week's event review is set