Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
JPY Forecast 1Q-2020: USD/JPY – From Bullish to Bearish

JPY Forecast 1Q-2020: USD/JPY – From Bullish to Bearish

Mahmoud Alkudsi, Analyst


What's on this page

In mid-2015, uptrend move led USD/JPY to 125.85. In Q1-16, the price broke below the neckline of the head and shoulders pattern located at 116.25. This started a downtrend move and led the pair in mid-2016 to 98.98 – its lowest level in nearly three years. The price rallied after as sellers exited the market however, continued creating lower highs.

USD/JPY Monthly Chart

USDJPY Monthly Chart

USD/JPY - Trendless Move

Looking at the monthly chart, we notice that by the end of Q1-18, USD/JPY corrected its downside move and created a higher low at 104.63. Since then, the pair has consolidated trading in a rough 1000 pips range. Therefore, the price would need a break above 114.73 or below 104.74 to end current sideways move.

JPY Forecast
JPY Forecast
Recommended by Mahmoud Alkudsi
Get our Comprehensive 1Q-2020 Yen Forecast
Get My Guide

Written By: Mahmoud Alkudsi

Please feel free to contact me on Twitter: @Malkudsi

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.