TipTVFinance

USD/JPY – Bearish move likely

OANDA:USDJPY   USD/JPY
Despite recovery from the low of 103.16 (Wed low) and a positive move to 104.10 on Thursday, the subsequent failure in today’s Asian session at a high of 104.21 followed by a drop to 103.80 suggests the pair could revisit 103.16 – 102.80 levels before making another attempt at breaching the September high of 104.32 on daily closing basis.

On a larger scheme of things, only a daily close below 100-DMA level of 103.00 would bring in a more sustained weakness to 5-DMA, while a daily close above 104.32 would open doors for further upside towards 105.00-105.00 levels.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out