novvoll12
Long

USDJPY bullish – 12-month rising trendline underpins for higher

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
30 0 0
USDJPY             has been consolidating under the 125.86 multi-year high (June 5, 2015) for over 2 months. If the current rebound off the 120.42 low (July 8, 2015) breaks above 125.28 then 125.86 (as shown on the daily chart ), that would confirm a higher base at 120.42, extending the current 12-month upswing towards 126.82 and then 127.50. The 123.79/123.01 support zone above the 12-month rising trendline should support consolidation. However, a downside move below 123.01 would caution for near-term topping and shift the focus lower towards 120.42 (near the 200 day moving average currently at 120.46).
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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