USD/JPY rallied and resumed its upside journey because the Dollar Index has jumped higher as well. On the other hand, the Japanese yen is still weak as the Nikkei (JP225) stays higher. The pair has confirmed its Double Bottom pattern in yesterday's trading session, so the current rally is...
Let's take a look at the technical picture of USD/JPY, EUR/JPY, SP500, Gold and Bitcoin. The material has been provided by InstaForex Company - www.instaforex.com
Following the results of the Fed's September meeting, the US currency retreated in almost all dollar pairs, although the rhetoric of the Fed Chairman was quite hawkish. In general, the results of the September meeting were in favor of the US dollar: the regulator announced the curtailment of QE in...
USD/JPYYesterday's vigorous growth in stock indices helped the USD/JPY pair to form unambiguously interpreted technical signals for continued growth. The US stock index S&P 500 gained 1.21% (4447.24). The 110.65 target is now open, surpassing it opens the second target at 111.39 - the February...
USD/JPYAt yesterday's FOMC Federal Reserve meeting, the dollar index rose 0.27%, the stock market (S&P 500) rose 0.95%, and the USD/JPY pair showed an increase of 0.53% (54 points). The price went above the MACD indicator line on the daily chart, but the MACD line has long been transformed into...
USD/JPY rallied in the early morning and now it stands at 109.52 level far above the former low of 109.12. The pair continues to move sideways, so we don't have a good opportunity right now. Still, I really hope that the FOMC meeting could bring a clear direction later today.Fundamentally, the Bank...
Let's take a look at the technical situation of USD/JPY, USDX, SP500, Dow Jones and Gold ahead of FOMC interest rate decision tonight. The material has been provided by InstaForex Company - www.instaforex.com
USD/JPYThe Bank of Japan meeting took place today. Monetary policy has remained the same. Yesterday, the USD/JPY pair tried to rise, but was stopped by the MACD indicator line of the daily timeframe. At the moment, the price is between support at 109.12 and resistance at 109.70. It is believed in...
USD/JPY drops after failing to stay higher above the uptrend line. You already know that the pair has moved sideways within a triangle. As I've mentioned in the previous analysis, a breakout from this pattern and a drop below the uptrend line may signal a downside movement.The pair has rebounded...
Technical
analysis:
USD/JPY
has been trading downside due to breakout of the bear flag pattern
and strong selling pressure.
Trading
recommendation:
Watch
for the selling opportunities on the rallies with the downside
targets at 109,32 and 109,13.
Stochastic
is showing fresh bear cross and
bear...
