Short USD/JPY rallies for 110.35

FX:USDJPY   U.S. Dollar / Japanese Yen
332 0 11
Doubt over OPEC output cut deal dented investors’ confidence in risky assets, boosting safe-havens JPY demand.

USD/JPY             extending decline from multi-month highs, hits session lows of 111.35.

The major is staging some recovery as we head towards the Asian session, but intraday bias lower.

Technicals are bearish , spinning top formed at highs on Friday's trade.

We see scope for test of 20-DMA at 108.12, bearish invalidation on close above 5-DMA.

Support levels - 111.35 (session low), 111, 110.33 (23.6% Fib), 108.12 (20-DMA & 38.2% Fib)

Resistance levels - 112, 112.40 (5-DMA), 113, 113.89 (Nov 25 high)

Good to sell rallies around 112/112.10, SL: 112.50, TP: 111.35/ 111/ 110.35
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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