USD/JPY Price Analaysis: Bears are stepping on the gas and a move to 135.50 could be on the cards – by fx_ross USDJPY Technical Analysis
USD/JPY is meeting daily resistance, and a break of the hourly trendline support would expose 137 the figure.bears are moving in and the following illustrates the prospects of a sizeable move to the downside to correct a significant portion of the recent rally in the US dollar.The Gartley pattern offers resistance around 137.50 which leaves the focus on the downside and back towards the pattern's neckline. This also aligns with the W-formation's 38.2% and 50% ratios.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY keeps the red around 135.50 amid weaker yields, US data eyedUSD/JPY is keeping its corrective downside intact for the second straight day on Wednesday, as bears capitalize on retreating Treasury yields. Looming
Read more »
USD/JPY Price Analysis: Marches firmly towards 137.50 after printing a five-week highThe USD/JPY advances sharply during the day, above its opening price, after hitting a daily high at 13.7.65, but late as there is one hour left for th
Read more »
USD/JPY Price Analysis: Tanks from five-week highs as a bearish-engulfing candle emergesThe USD/JPY plunges from weekly highs around 137.70 as US recession fears were fueled by mixed US economic data, dropping into contractionary territor
Read more »
USD/CAD Price Analysis: Bulls step on the gas in Tokyo openFor the Tokyo open, we are seeing a break of resistance 1.2960 that could open the way to a bullish extension below 1.2965, 1.2970 and to 1.2980: USD/
Read more »
USD/JPY Technical Analysis: Trend is Still BullishA surging US dollar threatens to end the nascent rally in the yen, just as speculators have abandoned betting on the Japanese currency.
Read more »
USD/JPY traces yields to retreat from monthly high towards 137.00, ignores Japan PMIUSD/JPY traces yields to retreat from monthly high towards 137.00, ignores Japan PMI – by anilpanchal7 USDJPY RiskAppetite YieldCurve Fed Recession
Read more »