USD/JPY bear swings resume with “gap down” after brief upswings

FX:USDJPY   U.S. Dollar / Japanese Yen
249 0 7
After a stern break-out below major supports at 111 levels (lower BB, Avrg. of recent lows), our bearish targets  of 109.698 or 108.029 levels are very well achieved, now signals even more scope for downside to targets upto 106.618 levels. 

RSI and  Stochastic oscillators on all time frames are indicative of further declines. 

Today trade opened with gap down that signifies ongoing bearish trend’s momentum.

On a broader perspectives, nothing much varied stances from daily observation but leading oscillators are approached but no trace of buying indications.

21DMA crossing over on 7DMA on daily has been observed, which is a bearish continuation signal, it is evident on both daily and weekly chart and on monthly there is an attempt of bearish crossover, hence the trend most likely to extend.

Instead, these indicators are evidencing downward convergence to the price dips.

%D crossover even below oversold zone on weekly plotting have been convincing that the selling momentum is still strong.

Trade tips:                                           

Keeping the ongoing bear trend in mind we reckon, we advocate "One touch binary put option" which are cash-or-nothing contracts for intraday bearish speculation.

Nevertheless, at spot FX reference – 108.065, short term bears can eye on shorts in near month futures for targets of 106.618 with strict stop loss of 108.577 levels.
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