USD/JPY: a SELL opportunity
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
USD/JPY is looking for a way
Information is not investment advice
As we had foreseen earlier this week, USD/JPY traveled lower, to the 107.00 area. Then, however, it managed to rebound from the 50-day MA and return above 107.50. The pair still looks very tradable. We acknowledge efforts of buyers, but we see a resistance: 100-day MA at 107.82. On the H4, you may notice a higher high. If USD/JPY stays above 107.50 and breaks above 108.00, we’ll get an “inverted Head and Shoulders” pattern and target 108.40. On the other hand, a decline below 107.50/30, will shift the focus back down to 107.00/106.80.
Elizabeth Belugina
Similar
USD/CAD looks vulnerable
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
GBP/USD may go for resistance
The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1.
Popular
Dollar keeps steadier so far before Powell's speech
Ichimoku Kinko Hyo AUD/JPY: The pair is trading above the cloud…
WTI oil: up at $62 while OPEC+ decides
While the oil cartel member country leaders meet to decide on the supply increase quantity, WTI oil price moved up a bit. What are we in for?
AUD benefits from the biggest trade surplus ever
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Choose your payment system
