ForexSQ , Currency Trading , Online Forex Trading , Foreign Exchange , Day Trading , Forex News , Forex Trader , Forex Tutorial , Learn Free Forex

Technical Analysis: USD/JPY | Admiral Markets

img The pair broke below the 76.50 support, thus confirming declines towards the 75.50 low. Breaking below 75.50 would open a fresh downside extension ahead of 70.00 in a medium-term. However, should the pair hold above 75.50, we could see a rebound back towards the 77.15-77.40 resistance area, right where both the 100-Day SMA and the 50-Day SMA reside.

Technical Analysis: USD/JPY | Admiral Markets

img The upside surge was capped by the 200-Day SMA at 78.30. Now we see the risks of a decline back towards the 100-Day SMA by 77.20, with a break below to retest the 76.50 support. Only a daily close above the 200-Day SMA would open a door for testing the key 79.50 resistance.

Technical Analysis: USD/JPY | Admiral Markets

img The pair is consolidating by 77.00. The nearest resistance is still eyed by the 50-Day SMA at 77.40. A clear break and consolidation above this level would extend gains towards the 200-Day SMA by 78.40. Otherwise we could see a new drop towards the 76.50 support, with a break below to confirm declines ahead of the 75.50 low.

Technical Analysis: USD/JPY | Admiral Markets

img The pair is trading by 77.00. The nearest resistance is still eyed by the 50-Day SMA at 77.35. A clear break and consolidation above this level would extend gains towards the 200-Day SMA by 78.40. Otherwise we could see a new drop towards the 76.50 support, with a break below to confirm declines ahead of the 75.50 low.

Yen in a 3-Swing Retracement to 83.30 vs Dollar ?

Posted by Forexsq 367 days ago (http://www.fxtimes.com)
img - The market completed a 2-swing rally to 82.00 last week with bearish divergence. The market looked ready to continue the bearish mode staying under the 200SAM in the 4H chart.
- However, the market found support above 81.30 and is pushing for another swing, to make it a 3-swing retracement.
- Note that the previous 2 swings have similar strength, and if the current rally is analogous, then th

USD/JPY Forex Trading Technical Analysis .Feb.16

Posted by Forexsq 464 days ago (http://fxpath.com)
img

USD/JPY  has continued its rise after breaking out above a clear triangle consolidation stemming from the early November long-term low, and then subsequently breaking out above the 83.00 resistance level. After pulling back slightly to re-test 83.00, now as support, price is currently targeting key further upside around the important 84.50 level, which served as significant resistanc