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USDJPY - USD/JPY Ourlook: Converged 20/200SMA’s Continue To Strongly Underpin Near-Term Action
The pair recovered quickly from overnight’s drop to 111.65 and holding within tight range between 10SMA (111.83) and psychological 112 barrier in European trading on Tuesday. Dip-buying after ...
USD/JPY Likely To Trade Down
Yesterday, the USD/JPY currency pair plunged to the psychological level at 111.70. However, during Tuesday’s morning, the pair reversed north to the 55– and 100-hour SMAs located circa 111.90. From a ...
USD/JPY Forex Signal
Trades may only be taken from 8am New York time Tuesday and 5pm Tokyo time Wednesday. The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, ...
FX levels to watch: EUR/USD, GBP/USD and USD/JPY
Last week saw the price for EUR/USD falter at $1.13, then drop sharply to $1.123. While the pair has recovered slightly, a failure to continue the push higher from here would suggest a move to $1.118 ...
USD/JPY recovers a major part of early dip to over 1-week lows, looks to retake 112.00 mark
• Risk-off mood underpins JPY’s safe-haven demand and exerts some downward pressure. • A modest USD uptick helped limit further downside and defend the very important 200-DMA. The USD/JPY pair ...