USDJPY is trading in narrow 105 pip trading range for the last week. The price is trading below the 100h MA and finds support at 112.45, the 200h MA. The biggest driver is the Fed rates decision in December and also Donald’s Trump tax reform which supports the US Dollar. First resistance is 113.26 and then 113.82. A break below 112.45 will be bearish and can drive the price down to 111.75.
futures's Blog
USDJPY
USDJPY is under selling pressure amid geopolitical concerns, i expect USD to rebound as things get calmer
USDJPY
USDJPY is under selling pressure today and sellers now are in full control as the pair broke below the 50d MA and 100d MA and now it is targeting the 111.21 level, meanwhile USD is weak across the board.
USDJPY
USDJPY is under selling pressure today and sellers now are in full control as the pair broke below the 50d MA and 100d MA and now it is targeting the 111.21 level, meanwhile USD is weak across the board.
Keep calm and trade responsibly...
Keep calm and trade responsibly...
USDJPY
USDJPY breaks above the 100d MA after better than expected US GDP revision to the 1Q -1.4% vs 1.2% estimate. A test of 113 is possible
Keep calm and trade responsibly...
Keep calm and trade responsibly...
USDJPY
USDJPY made an impressive rebound but now it is getting tougher for buyers to push above the Fridays high at 110.86 and the 50d MA provide a resistance level that needs an increased volume to go through.
USDJPY
USDJPY made an impressive rebound today but now it is getting tougher for buyers to push above the Fridays high at 110.86 and the 50d MA provide a resistance level that needs an increased volume to go through.
Keep calm and trade responsibly...
Keep calm and trade responsibly...
USDJPY
USDJPY is under heavy selling pressure today and a small rebound from daily lows doesn't look sustainable. I expect the pair to test the 109 level.
Keep calm and trade responsibly.....
Keep calm and trade responsibly.....
USDJPY
USDJPY got a hit on the chin during Asian trading session and from 111.84 daily high end at the 50d MA around 111.20 area. Volume is not very high and a rebound from that level looks possible
Keep calm and trade responsibly
Keep calm and trade responsibly
USDJPY
The buyers are back in USDJPY sending the price to the first resistance at the 50d MA, a breach of the line could send the price to 112 as USD is gaining traction across all majors
Keep calm and trade responsibly
Keep calm and trade responsibly