USDJPY tests demand zone, invalidates support turned resistance

FX_IDC:USDJPY   U.S. Dollar / Japanese 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.
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