USDJPY@ 104.59 - bearish bias – Posted a 22-month new low

FX:USDJPY   U.S. Dollar / Japanese Yen
27 0 2
USDJPY@ 104.59 - bearish bias – Posted a 22-month new low

USDJPY             reversed off the 111.44 high (May 30, 2016 weekly lower high) below the 105.54 prior low (May 2, 2016 weekly low) to post a new 22-month low at 103.55 (May 13, 2016).
Near term over-sold conditions warn of bounces. While the 105.54/106.20 (May 2, 2016 weekly low/200 week moving average) area caps, scope remains for further downside towards 101.06 (July 7, 2014 range low) near 50% retracement of 77.13/125.85 (September 10, 2012 low/June 8, 2015 high) upswing.
However, a clean upside break back above 105.54/106.20 would stabilize the structure and extend further consolidation with the 6-month falling wedge pattern under the 109.11 area.
Intraday: bearish
Daily: bearish
Weekly: bearish
Monthly: neutral
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