novvoll12

USDJPY– Neutral – Consolidates above the immediate support zone

FX:USDJPY   U.S. Dollar / Japanese Yen
21 0 1
USDJPY             122.50 – Neutral – Consolidates above the immediate support zone

USDJPY             is consolidating within a 3-week range under the 123.76 high (November 18, 2015). While the 121.50 area (October 30, 2015 range high) provides support to contain the dips, scope remains for upside. A break above 123.76 would extend the current upleg from the 118.06 low (October 15, 2015) to challenge the 125.27/125.85 resistance zone (August 12/June 5, 2015 highs). However, a clean loss of the 121.50 area would caution bulls and signal further weakness towards 120.01 (October 28, 2015 low) ahead of the 3-year rising trendline (from September 24, 2012 low).

Outlook:
Intraday: neutral
Daily: neutral
Weekly: bullish
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out