TipTVFinance

USD/JPY – 10-DMA support stands exposed

OANDA:USDJPY   USD/JPY
Pair’s retreat from 104.35 (September highs) followed by Friday’s close below 5-DMA and a rejection at 5-DMA in Asia suggests the rally from 100.08 (Sep 27 low) has found a temporary top at 104.35 and prices could extend losses to 10-DMA support around 102.00 today.

Bulls have little to fear so long as the 50-DMA support at 101.71 is intact.

On the higher side, only a break above 104.35 would signal the rally from 100.08 has resumed.
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