TipTVFinance

USD/JPY – Retreat to 100.00 likely

FX:USDJPY   U.S. Dollar/Japanese Yen
Despite the rebound from 100.08 levels (Sep 27 low), the subsequent failure near 101.80 on Thursday and in the Asian session today followed by a retreat to 101.00 levels amid downward sloping 50-DMA suggests the spot is likely to breach 100.71 (50% of 2011 low – 2015 high) levels and head towards 100.00 levels.

On the higher side, only a daily close above 102.78 (Sep 21 high) would signal bearish invalidation.
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