Dukascopy_Analyst

USD/JPY keeps struggling to remain above 112.00

FX:USDJPY   U.S. Dollar / Japanese Yen
51 0 0
"No matter what happens, investors would buy the yen."
- Bank of Tokyo-Mitsubishi UFJ (based on Market Watch)

Pair's Outlook
Upon reaching the 111.00 yen, the US Dollar             managed to regain the bullish momentum and close trade with a seven-pip rally yesterday. The support cluster circa 111.70, namely the monthly S3 and the weekly S1, once again proved to be strong, but could still give in today. Technical studies are now giving distinctly bearish signals in the daily timeframe , implying that the USD/JPY             could fall back towards the 111.00 mark or lower—towards the weekly S2 at 110.67. In case bulls take over the market, we might see the nearest resistance in face of the weekly PP             overcome.

Traders' Sentiment
Although not as strong as yesterday, but market sentiment remains bullish at 71% (previously 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