fxsignals4pips
Long

USDJPY tests demand zone, invalidates support turned resistance

FX_IDC:USDJPY   US DOLLAR / YEN
Partially on the news that the Bank of Japan is keeping monetary policy steady, both USDJPY             and EURJPY             gained a few ticks. What does a steady monetary policy mean? It devalues the Yen as it is a sign that the Japanese economy isn’t picking up sending a bearish wave of sellers.

USDJPY             is in the spotlight as it shows the U.S. Dollar strength may be returning. A bit of supply & demand concept, but this pair hits the demand zone once again and doesn’t break through it. Once we pair this with the rally and then sell-off that broke through the support turned resistance zone, it gives this pair greater room to move upwards and extend its original trend.
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