Forex Opinion & Analysis

USD/JPY Consolidates Above Previous Lows

 

USD/JPY
+0.63%

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

USDJPY is moving sideways after the selling interest that started in the preceding week

. The drop beneath the long-term ascending trend line is shifting the market to neutral with the technical oscillators endorsing the previous negative movement. The MACD is losing momentum below its trigger and zero lines, indicating more losses, while the RSI is still holding in the negative territory but is pointing slightly up.

Further losses should see the 137.40 support ahead of the next low of 135.55. A drop below the 200-day simple moving average (SMA) at 133.20 may act as a strong rebound for the bulls. However, more declines could shift the bias to bearish, meeting 130.37-131.35.

In the event of an upside reversal and a jump above the 140.30 resistance, it could drive the price towards the diagonal line and the 143.45-145.00 region. Marginally higher, the bearish cross within the 20- and the 50-day SMAs at 145.35 may switch the outlook back to bullish, hitting the 148.85 barrier.  

All in all, USDJPY is currently failing to endorse the negative structure but any more downside movements beneath the 200-day SMA could change the broader picture to bearish.
 
USDJPY

Source

Похожие статьи

Добавить комментарий

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Кнопка «Наверх»