Technician
Short

USDJPY Resting Key Broken Support

FX:USDJPY   U.S. Dollar/Japanese Yen
632 6 4
The price is retesting the 50-days SMA and horizontal resistance level around 103.00, risk remains to the downside as long below this resistance.

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
ooo so overall trend stil bearish until it reach somewhere around 101, oni then it will rally ..?
Reply
how come tapered d, the USD still haven't rally? Will it really goes down all the way to 101?
Reply
It didn't rally cause the jpy is strengthening. That is because the overall sentiment of markets is negative, usually when market in risk mode the Japanese is well demanded as a haven currency. On the other hand, the U.S. dollar hasn't rallied against the majors.
Reply
yeah, its better we wait for the FOMC meeting later. Thanks technician
Reply
so its going down to 101.5?
Reply
May and may not :) .. But i would speculate on that yeah
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out