USD JPY Daily Outlook and Forecast

by fxalhabib on March 10, 2010

March 10th, 2010 – The USD JPY is still holding strong above the 89.46 resistance line, targeting the 91.66 resistance. On the upside, if the USD JPY breaks the 90.66 resistance line then the next targets would be the 92.13 and 93.75 resistance lines. On the downside, if the 89.46 resistance line is broken then the next target would be 88.12 resistance line. Some important fundamental economic indicators to look forward to for the next 2 days would be the “Trade Balance” and “Retail Sales” numbers.

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USD JPY Daily Outlook and Forecast

by fxalhabib on March 9, 2010

March 9th, 2010 – The USD JPY is still in a bullish/neutral position at the current moment holding above 89.46 . For the USD JPY, to continue it’s bullish run it must break the new resistance line of 90.66 to target the 92.13 resistance. On the downside, if the USD JPY break the 89.46 resistance line then it will be targeting this month’s low of 88.12 .

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USD JPY Daily Outlook and Forecast

March 8, 2010

March 8th, 2010 – The USD JPY has been able to sustain it’s bullish run on Friday and hitting a high of 90.57 . Currently, the USD JPY is at 90.30 and for it to keep it’s neutral/bullish momentum going; it must stay above the 89.46 resistance line. On the upside, the next target for [...]

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USD JPY Weekly Outlook and Forecast

March 6, 2010

March 6th, 2010 – The USD JPY made a strong bullish run and closed at 90.25. The unemployment rate stayed the same at 9.7% and the NFP had a better outcome then expected. On the upside, the USD JPY must stay above 89.46 resistance to keep it’s neutral/bullish momentum going to target the 91.26 resistance [...]

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USD JPY Daily Outlook and Forecast

March 5, 2010

March 5th, 2010 – The USD JPY is still in a bearish bias momentum and holding below the 89.46 resistance line. If the USD JPY does break the 89.46 resistance line, it would be entering into a  neutral bias momentum. There will be three important resistance lines to look forward to before the unemployment rate [...]

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USD JPY Daily Outlook and Forecast

March 4, 2010

March 4th, 2010 – The USD JPY has reached the lowest level so far this month at 88.12 . The expectation now is that the USD JPY would target the 87.35 resistance line if the bearish momentum continues. On the upside, if the USD JPY breaks the 89.46 resistance line then it would enter into [...]

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