The week starts positively, but on a milder note compared to some aggressive gains achieved recently; with the exception of the USD/JPY, the US dollar is generally weak.
Tag - jpy - japanese yen
What are the key levels now?
Global indices are going down as the market gets triggered by the news on coronavirus from the USA and China…
America will release more economic figures on Tuesday and Friday, and USD/JPY should be one of the most active movers on the news.
USD/JPY is forming on the H1 what looks like a bearish “Butterfly” pattern. Learn more!
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
USD/JPY had a bullish week. Yet, we should notice that the pair has reached some heavy resistance: 100-week MA (109.66) and 200-week MA (109.84).
It's likely to have a local downward correction towards the closest support at 145.98 and the Moving Averages...
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
There’s a scope for an advance to the 2018 resistance line at 112.80.