USD/JPY – Risk of a snap back

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
  • Despite dollar’s retreat in Asia, the pair has not been able to drop/sustain below 100.71 (50% of 2011 low – 2015 high). This adds credence to the pair’s rebound from the trend line (red) support on Wednesday and opens doors for a move higher to 101.40 today.
  • A break above the Asian session high of 101.40 could yield a rise to 101.78 (5-DMA).
  • On the lower side, only a day end close below 100.19 would signal the retreat from post Brexit high of 103.40 has resumed.
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