USD/JPY Breaks Support, Big Shorting Opportunity
USD/JPY
-0.68%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
DX
-0.42%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Bearish: USD/JPY is currently at 146.28 in a channel. If we can break the 2.618 Fibo support, we are looking for a continuation of the channel to the S5 at 145.10 with a further target of the 4.236 Fibo/ATR level at 144.88.
We have convergence on the hourly. target up is 148.45 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 211 pips per day, and its 180-day average is 172 pips per day. USDX is currently down.
USD/JPY price chart.
