USDJPY - 240 - Could we get a pop?

Yesterday we saw a small decline in the USD/JPY and it made a move to test from above the downwards moving trendline taken from 8th of January, which was recently broken. Today, we are seeing a good bounce from that line to the upside, which is bringing short-term strength back on the table.

Looking at the 4h chart, we can see that USD/JPY is very close to its key level of resistance, at around 107. A strong push above it could lead the pair towards the 108 mark. Looking at our oscillators, the RSI is above 50 and pointing upwards, which is a bullish sign for the pair. The MACD indicator is above 0 and it seems that it is trying to pick up pace again for a move up.

On the downside, a move back below the downwards moving trendline , could take the pair back down to 105.550, where a break could open the path towards the round number of 105.

Check out our Trader's Espresso and Trader's Tea Time videos on Youtube.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出