When come near 300 pips you can contact me for TP2, or i will update late.
Chance for invest 100% good.
is under midlle line 0, that means higher chance for higher DOWN TREND and better .
is in good position for revers.
Fibonacci zone is from last 50 days for DOWN TREND.
I follow situation on USDJPY last few days for now i can say we have today very strong JPY and USD is the weekest today.
All my indicators on chart and others on MT5, showing we will have DOWN TREND from today.
for today showing not to much big events, for sure i can say this pair going more down.
Global news informations for USDJPY from experts:
-USD/JPY slides further on rate cut expectations
-US Dollar tumbles after Powell’s comments, amid lower US yields. ( information from 10.7.2019)
-USD/JPY is currently trading at 108.14, printing fresh lows in Asia as the dollar continues to slide. Powell’s testimony weighed on both US yields and the greenback.
-Support levels: 108.35 108.00 107.65
-Resistance levels: 108.70 109.00 109.40
- The US Dollar Index ( DXY ), which gauges the greenback vs. a bundle of its main competitors, is now visiting the area of weekly lows near the 97.00 mark in the wake of Powell’s remarks (Information from 10.7.2019)
-US Dollar Index retraces this week's gains on FOMC Chairman Powell's remarks. (Information from 10.7.2019)
-Powell acknowledges risks of persistent weak . (Information from 10.7.2019)
-USD/JPY analysis: at a brink of turning
Chart time frame - 1D
Time for reaching TP - 8 - 48 hours
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-USD/JPY is under pressure on softer treasury yields.
-Trade tensions likely adding to bearish pressures.
-The pair may suffer a deeper drop during the day ahead if the equities turn red on trade concerns.
The dollar continued on a bearish trend on Thursday after Federal Reserve Chairman Jerome Powell set the stage for a rate cut later this month Powell committed that he would accommodate the world’s biggest economy and act appropriately to ensure that it would be able to sustain a decade-long expansion. The USD sold off as a result of the dovish stance of the Fed chair and is now on the verge of breaking significant levels weakening further.
-USD/JPY Analysis: dollar retains post-Powell’s weakness
-Japanese industrial-related data continued indicating a steeper economic slowdown.
-The US will release today the final version of June inflation, with core CPI seen at 2.0% YoY.
-USD/JPY has broken below the 108.60/70 price zone, which increases the risk of a bearish extension.