USD/JPY Price Analysis: Bears are attacking key support USDJPY Technical Analysis
It was explained that the price was moving into the lower support and that the bulls could be committed near the 130.70s for a retest of the prior support.bulls met a 38.2% Fibonacci retracement before the supply came on. at this juncture, there is little bias one way or the other.
In the hourly chart above, 129.80 and 131.66 are the extremities of the current range and there is a neutral/bearish bias while between there. 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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Price Analysis: Bulls attack 50-DMA resistance around mid-132.00sUSD/JPY bulls take a breather around 132.50 during early Wednesday, after posting the biggest daily gains in a month the previous day. In doing so, th
Read more »
USD/JPY Price Analysis: Bulls about to make their move with eyes on 61.8% retracementAs per the prior analysis, USD/JPY Price Analysis: Bulls are up to test key resistance near 132.60, 50% reversion and support eyed, the bears stepped
Read more »
USD/CHF Price Analysis: Sinks below 0.9300 as bears eye 0.9200USD/CHF erased Monday’s gains and fell below crucial technical indicators on Tuesday. A risk-on impulse and a soft UD Dollar (USD) were the main reaso
Read more »
AUD/USD Price Analysis: Bulls and bears battle out out ahead of FedAUD/USD is up some 0.1% at 0.6677 as investors' focus moves to a slew of central bank meetings due this week after days of volatility in markets rocke
Read more »
Silver Price Analysis: Rising wedge confirmation lures XAG/USD bears towards $22.00Silver price (XAG/USD) remains depressed around $22.30, making rounds to intraday low during a three-day downtrend heading into Wednesday’s European s
Read more »
EUR/USD Price Analysis: Refreshes seven-week top near 1.0930, pokes the last defense of bearsEUR/USD Price Analysis: Refreshes seven-week top near 1.0930, pokes the last defense of bears EURUSD Technical Analysis ChartPatterns SupportResistance TrendFollowing
Read more »