USD/JPY Deeper Drop Still Possible!USD/JPY is trading at 114.50 at the time of writing and it could reach and retest the downtrend line soon. Technically, the downtrend line represents an upside obstacle. As long as it stays under this dynamic obstacle, USD/JPY could drop deeper. In the short term,...
Yesterday, the yen did not realize the existing technical potential to overcome the MACD indicator line (115.14), and instead finally confirmed the reversal of it, shown on Tuesday (arrow on the daily chart). Also, the signal line of the Marlin Oscillator turned down from the border with the growth...
Yesterday's first attempt to go above the MACD indicator line ended only by touching this line. But this morning, preparations are being made for the second such attempt. The Marlin Oscillator has already crossed the border with the growth territory and is supporting prices in this direction. If...
USD/JPY is trading below the 21 SMA and 200 EMA (114.78). Early in the European session, it rose as high as 115.05 supported by a stronger US dollar. The pair is rising again after JPY showed its strength when it reached the monthly low on Friday at 113.45.Treasury bond yields had helped USD/JPY...
Let's take a look at the technical picture of USD/JPY, USDX, GBP/USD, Crude Oil and Bitcoin.The material has been provided by InstaForex Company - www.instaforex.com
The USD/JPY pair rose by 41 points on Monday. This morning, the signal line of the Marlin Oscillator on a daily scale shows the intention to turn down from the border with the territory of the upward trend. There is a risk that the original intention (from January 14) to turn into a new wave of...
Technical
analysis:
USD/JPY
is breaking intraday pivot at the price of 114,53 and there is chance
for bigger upside movement towards 115,05.
Trading
recommendation:
Due
to short-term upside trend and breakout of pivot, my advice is to
watch for buying opportunities on the...
Last Friday, a long lower shadow was formed for the USD/JPY pair with an almost absent body of the daily candle. The price is developing growth this morning. This is an independent sign of further growth. The Marlin Oscillator turns up, preparing to return to the positive area. An exit above the...
USD/JPY fell to support 3/8 Murray around 113.65. Investors are currently flocking to safe-haven assets in the face of weak expectations from the Fed chairman and the US dollar's decline since earlier in the week.In a few hours, the US retail sales report will be published. This data is likely to...
Let's take a look at the technical picture of GBP/USD, USD/JPY, Silver and Bitcoin in the last day of trading week. The material has been provided by InstaForex Company - www.instaforex.com
