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
Advertisements
Advertisements
NPBFX - making money with us since 1996!
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="Antony_NPBFX, post: 217303, member: 38727"] [SIZE=5][B]USD/JPY: the US dollar is correcting after strong growth at the end of last week 06.02.2023[/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] The USD/JPY pair is trading down, correcting after a notable rise last Friday. It should be noted that the instrument also opened with a significant upward gap and is currently trying to level it. At the end of last week, the American currency was supported by a strong report on the US labor market for January. The economy created more than 500.0 thousand new jobs outside the agricultural sector, while analysts expected only 185.0 thousand, and the data for December were revised from 223.0 thousand to 260.0 thousand. In turn, the Unemployment Rate for the same period decreased from 3.5% to 3.4% against the forecast of 3.6%, while the Average Hourly Earnings at the same time slowed down from 0.4% to 0.3% MoM and from 4.9% to 4.4% YoY, which turned out to be noticeably worse than the analysts' neutral forecasts. On Friday, Japan released January data on business activity in the Services sector: the PMI rose from 51.1 points to 52.3 points, below the expected 52.4 points. The non-manufacturing sector continues to recover after the complete lifting of quarantine restrictions in the country and the opening of the borders of China, as a result of which household demand increased, and the influx of new tourists provided the service sector with increased profits. Tomorrow, investors will pay attention to the statistics on coinciding and leading indicators for December, as well as the speech of the Chair of the US Federal Reserve, Jerome Powell, who can comment on the unexpectedly strong data on the US labor market. [B]Support and resistance[/B] Bollinger Bands in D1 chart show moderate growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought American dollar in the ultra-short term. Resistance levels: 132.00, 133.00, 133.61, 134.50. Support levels: 131.00, 130.00, 129.00, 128.00. [img]https://i.ibb.co/gjZL1dF/USDJPY060223-33.png[/img] [img]https://i.ibb.co/SQVMcP5/USDJPY060223-333.png[/img] [B] Trading tips [/B] Short positions may be opened after a breakdown of 131.00 with the target at 129.00. Stop-loss — 132.00. Implementation time: 2-3 days. A rebound from 131.00 as from support followed by a breakout of 132.00 may become a signal for opening new long positions with the target at 133.61. Stop-loss — 131.20. [B]Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast[/B] You can learn more about the current situation on Apple Inc. and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast 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]
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…