TipTVFinance

USD/JPY US session outlook

FX:USDJPY   U.S. Dollar / Japanese Yen
Resistance – 108.38, 108.72, 108.92-109.00

Support – 107.97-107.92, 107.50, 107.00

  • Pair is attempting to chew through strong resistance at 108.38 (falling trend line on daily + 100% Fib expansion), which if achieved shall open doors for 108.72 levels.
  • However, the hourly RSI is now overbought. Hence, exhaustion here would not be surprising and may lead to a minor bout of correction to 107.97-107.92 area before the uptick resumes.
  • Note that daily chart has a bullish price RSI pattern; hence dips could be met with fresh bids unless Friday’s low of 106.43 is breached.
  • A daily close today well above falling trendline resistance would add credence to bullish price RSI divergence.

Related Ideas

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