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USDJPY Technical Analysis
2023-09-29
Here’s a quick technical analysis on the USDJPY pair with some fundamental background.
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Kickstart your FX trading on September 28 w/ a technical look at EURUSD, USDJPY and GBPUSD
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What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your Tuesday September 28 trading.
The USDCHF moves toward the end of May swing high at 0.9165
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The USDCHF is up 9 of last 10 trading days
Broader US stock indices try to shift its bias in the short term more to the upside
2023-09-18
S&P indexes back above its 200 hour moving average. NASDAQ indexes just below that the moving average level
EURUSD bias shifts back to the downside after better US data, but support still holding
2023-06-29
The EURUSD value area low at 1.0867 to 1.0896. Needs to be broken and remain broken.
The EURUSD is hangin around the 100/200 hour MA (mid-range).
2023-06-28
The EURUSD pair trades mostly in a range between 1.0890 and 1.0975
The USDCAD skims along support while resistance pushes down from above.
2023-06-26
The battle is on in the USDCAD.
Looking at the technical, the pair today stalled just above support at the 50% of the move up from the October 21 low to the October 2022 high. That level comes in at 1.3132. The low reached 1.3135 just above that level.
On the topside, the high today stalled just ahead of the swing area at 1.31778. Just above that is the falling 100 hour MA. Getting and staying above each, would increase the bullish bias with the 200 hour MA – which has not been broken since the first day of June – would be eyed at 1.32139.
So buyers and sellers are battling it out with support and resistance converging. At some point, there will be a break and hopeful run. Be aware. Be prepared.
USDJPY continues its run to the upside. What’s in store for next week?
2023-06-23
USDJPY break higher yesterday above target levels and opened the door for more upside probing.
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