TipTVFinance

USD/JPY outlook – watch for a break above daily high

FX_IDC:USDJPY   US DOLLAR / YEN
Despite dollar’s retreat from the Asian session high of 100.97 and a break below 110.68 (23.6% of Brexit drop) – 100.71 (50% of 2011 low – 2015 high), the pair has managed to avoid a violation of Wednesday’s low of 100.19.

Hence, a recovery from the current level of 100. 44             if followed by a move above daily high of 100.97 would open doors for a rally to 5-DMA of 101.35. Further gains could run into resistance at 101.85 (38.2% of Brexit drop).

On the lower side, only a day end close below 100.19 would suggest the corrective move from post Brexit low has ended and could yield re-test of 98.79 levels.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out