Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Forex Market Commentary By TitanFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="titanfx, post: 111574, member: 33464"] [B][I]USDJPY – Can US Dollar Continue Uptrend Vs Japanese Yen? [/I] Key Highlights [/B] • The US Dollar traded above the 103.00 handle against the Japanese yen, and broke a major resistance. • There was a crucial bearish trend line formed on the daily chart of the USDJPY pair, which was cleared by the Dollar bulls. • Today in Japan, the Machinery New orders, released by the Cabinet Office posted a decline of 2.2% in August 2016, compared with the forecast of a 5.5% decrease. • Today in the US, the Federal Open Market Committee meeting minutes will be published, which may impact the greenback. [B]USDJPY Technical Analysis[/B] The US Dollar surged higher vs the Japanese yen to register a daily close above 102.00. This puts the USDJPY pair on a path for more upsides in the near term. [IMG]https://titanfx.com/wp-content/uploads/2016/10/USDJPY-10.12.2016-768x401.png[/IMG] There is a major technical point to note from the daily chart of the USDJPY pair. There was a bearish trend line, connecting all the recent swing highs. It was broken during the recent upside, which is a signal that the US Dollar buyers are here to stay. Currently, the pair is finding sellers near the 100-day simple moving average. A break above it could take the pair towards the 1.236 extension of the last drop from the 104.32 high to 100.12 low. ------------------------------------------- [B][I]Posted by Aayush Jindal - 'Titan FX Currency Analyst'[/I][/B] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…