USD/JPY risks falling back to 55-day SMA

FX:USDJPY   U.S. Dollar / Japanese Yen
14 0 1
"In terms of economics, an uptick in industrial output and the Fed's hawkish tone reduce pressure on the BOJ to ease."
- Merrill Lynch (based on CNBC)

Pair's Outlook
Bulls refused to give up just yet, causing the Greenback to outperform the Yen on Wednesday, even erasing Tuesday's losses. Even with the nearest resistance located at 121.27, namely the monthly R1, the USD/JPY             appears to be struggling to climb too far above 121.00. The 200-day SMA is located at the given major level, but keeps failing to hold the losses when those occur, opening the door for a possible decline towards the 55-day SMA . However, according to technical studies the Buck is to extend its rally today.

Traders' Sentiment
Bears keep growing stronger, as 59% of all positions are now long (previously 54%). At the same time, the number of orders to acquire the US Dollar             increased from 61 to 74%.
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