USD/JPY Technical Analysis (US Dollar / Yen) - Forex
International Business Times
  • Rate this Story
  • 0
  • 0

February 8, 2013 3:12 AM EST

Forextribe
Updated the:
02/07/2013
USD/JPY : A new annual high result of the takeover of the right in Japan

Sentiment :
sentiment sur la parité AUD/USD
92
sentiment sur la parité AUD/USD
90.44
sentiment sur la parité AUD/USD

--- Follow up analysis ---
Yen never stops falling against the U.S. dollar. The pair USD/JPY broke yesterday the daily resistance at 93.33 (new buy signal) after a pullback on the support at 92. On the medium term, the price continues to evolve above the upper limit of the bullish channel (brown lines).

We continue to advise long positions as far as 92 is support. The pair is still moving above its short term bullish slant (blue lines) and that reinforces our bullish sentiment. The price should continue its movement towards the psychological resistance at 95 and reach 96 in extension. However, if the bullish slant is broken, a new pullback on 92 is expected.

In case of return below 92, we will be neutral between this level and 90.44. This level corresponds to the medium term bullish slant (purple line) and its break would give a sell signal.
Full analysis

Analysis published by Bruno, the 02/07/2013 at 8h45 GMT+2

- Complete sheet of the pair USD/JPY - Previous USD/JPY Analysis -
Chart of the pair USD/JPY - Timeframe 1H
USD/JPY Technical Analysis
Chart of the pair USD/CAD - Timeframe 4H
USD/JPY Technical Analysis
  • Rate this Story
  • 0
  • 0
For more reports, go to Forextribe

Join the Conversation

IBTimes TV



E-Newsletters

We value your privacy. Your email address will not be shared.