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: 96502, member: 33464"] [SIZE=6][B]USDJPY – Perfect Failure, More Losses Ahead?[/B][/SIZE] [B]Key Highlights [/B] · US Dollar failed around the 100-day simple moving average against the Japanese Yen and moved down. · The USDJPY pair fell sharply, and it looks like sellers are in control in the short term. · In the US, the Initial Jobless Claims report will released by the US Department of Labor, which is forecasted to increase from 278K to 280K · In Japan today, the Foreign investment in Japan stocks posted a reading of ¥-85.4B. · Moreover, the Japanese Foreign bond investment posted a reading of ¥-364.1B. [B]USDJPY Technical Analysis[/B] The USDJPY pair started higher this week, but on the daily timeframe chart it found a monster resistance in the form of 100-day simple moving average. The 200-day SMA was also positioned around the same area. [IMG]http://s30.postimg.org/x65tcqnht/USDJPY_02_03_2016.png[/IMG] Buyers failed to take the pair above the 100-day simple moving average, and as a result there was a sharp downside reaction. The pair even traded below the 118.00 once, and currently correcting higher. A new weekly low was formed near the 117.00 area. If the pair continues to correct higher, then the next level hurdle for buyers could be around the 50% Fib retracement level of the last drop from the 121.67 high to 117.03 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…