Hot-Charts
USDJPY Channel Intact
by
Jul 20, 2009 11:24
| 42 Comments
Theres no change in the declining trend of USDJPY despite the recent 300-pip rebound from its 91.70 low. The previous resistance of 94.40 was broken but 95.00 and 95.80 persist as the barriers within the falling channel. The 55 and 200-day moving averages (95.93 & 95.29 respectively) also loom as points of resistance. Unlike in Feb-March, improved Japanese macro data yens advances, with medium term objective standing at 93 and 92 (end of August). The chart is a WEEKLY illustration, which means we may not see sub 92 until month end at the earliest but this also means that recoveries remin short-lived.
More Hot-Charts
-
Gold, Bitcoin, USD Combo
Jun 22, 2023 16:46 | by Ashraf LaidiI mentioned last week on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail. -
تفسير مراحل الذهب
Mar 17, 2023 21:28 | by Ashraf Laidi. -
Dax 200 MA Extension
Jan 11, 2023 10:57 | by Ashraf LaidiIf the DAX40 maintains its habit of extending 13% above its 200 DMA, then current upside may extend to as high as 15300, just below the 76% retracement of the decline from the Jan 2022 high to...
Ashraf
Ashraf
Seems to be quite content to follow range pattern on longer time charts. Time will tell
AVG, did you see the USDJPY trade on the latest HOTCHART in the website. you must. I'm bearish USDJPY. Theres chance of seeing 95.40s-50s briefly but I expect lower USDJPY into 92. Please read that HotChart and previous analysis on the chart.
Ashraf
I am new self FX trader....Need a quick advice...... I am Long USD/JPY at 95.181.... Can u pls advice, what is the forecast for USD/JPY.... Whether it will go above 95.181 or below 95.181..... How long shld i hold me position..... Thks....
A_V_G
"Another bearish factor weighing on the pair is a news report from Nikkei newspaper that Japanese exporters have lowered their hedges from 9500 with Toyota now targeting 9000 and Sony 9300. If true, the drift below 9500 may no longer be as detrimental to Japanese economy as it was at the start of this year and will therefore face less resistance by Japanese monetary authorities.
Taken from fx360.com from a larger article:http://tinyurl.com/qdgp9a
Ashraf
I just shorted EUROJPY at 137.30,even short NZDJPY at 6517.Your comments will give me confidence...
regards,
Rajib.