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[QUOTE="Antony_NPBFX, post: 200268, member: 38727"] [size=5][b]USD/JPY: US dollar reaches record highs 11.10.2021 [/b][/size] Good afternoon, dear forum visitors! [url=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex.com] NPBFX[/url] offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading. [b] Current trend [/b] Today during the Asian session, the USD/JPY pair grows steadily, renewing record highs since December 2018. Investors are focused on the US labor market report for September, published last Friday. The ambiguous statistics did not greatly affect the dynamics of the asset, in which the dollar is still the clear leader. The data reflected positive wage growth and overall unemployment results but was disappointing by the slower growth of new jobs outside the agricultural sector (194K versus the expected 500K). Investors did not react to the negative dynamics, reasonably believing that it would not affect the plans of the US Federal Reserve to start tightening monetary policy soon. On Friday, some support for the yen was provided by moderately optimistic macroeconomic statistics from Japan. Thus, the forecast for the development of events from Eco Watchers for September confidently rose from 43.7 to 56.6 points, which was noticeably better than market expectations of 45.8 points. The index of the current situation for the same period has strengthened from 34.7 to 42.1 points. [b] Support and resistance [/b] Bollinger bands grow steadily on the daily chart. The price range actively narrows but not as fast as the “bullish” sentiments have developed in recent days. MACD grows, maintaining a strong buy signal (the histogram is above the signal line). Stochastic maintains a confident upward trend but is near its highs, indicating that USD may become overbought in the ultra-short term. Resistance levels: 113.00, 113.50, 114.00. Support levels: 112.06, 111.19, 110.81, 110.43. [img]http://businesspr-finance.com/wp-content/uploads/2021/10/USDJPY111021-33.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2021/10/USDJPY111021-333.png[/img] [b] Trading tips [/b] Long positions may be opened after the breakout of 113.00 with the target at 114.00. Stop loss – 112.50. Implementation period: 1–2 days. Short positions may be opened after the rebound from 113.00 and the breakdown of 112.50 with the target at 111.50. Stop loss – 113.00. [b]Use more opportunities of the NPBFX analytical portal: E-book[/b] If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more. You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on USD/JPY and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/url]. [/QUOTE]
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