International Business Times
  • Rate this Story
  • 0
  • 0

January 11, 2013 1:17 PM GMT

Forextribe
Updated the:
01/11/2013
USD/JPY : A new annual high result of the takeover of the right in Japan

Sentiment :
sentiment sur la parité AUD/USD
87.75
sentiment sur la parité AUD/USD
87
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The Yen is currently at a high of two and a half years against the U.S. dollar after a bounce yesterday on the support at 87. The price is currently testing the resistance at 89 and just touched the lower band of the former short-term uptrend channel (black lines). On the short term, a new bullish slant seems to lead the movement (blue line).

We continue to advise long positions as far as 87.75 is support. The pair is still moving above its medium term bullish slant (purple line). A break of 89 will give a new buy signal and allow the test of the psychological resistance at 90. In extension, 91 is a minor resistance.

In case of return below 87.75, we will be neutral between this level and 87 (level of the medium term bullish slant).

Analysis published by Bruno, the 01/11/2013 at 8h45 GMT+2
Full analysis

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

Join the Conversation

Follow IBTimesFx
E-Newsletters

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