International Business Times
  • Rate this Story
  • 0
  • 0

January 24, 2013 2:51 PM GMT

Forextribe
Updated the:
01/24/2013
USD/JPY : A new annual high result of the takeover of the right in Japan

Sentiment :
sentiment sur la parité AUD/USD
88
sentiment sur la parité AUD/USD
87
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair USD/JPY has made a pullback yesterday on the support at 88 before resuming its uptrend background and reinstate its medium term bullish channel (brown lines). The price now seems to move towards a new test of the psychological level at 90. However, the pair must overcome first a short term bearish slant (blue line).

We continue to advise long positions as far as 88 is support. A stay above 89 would comfort our bullish sentiment. This level corresponds to the lower limit of the channel. The upward break of 90 should allow a further bullish momentum on the pair towards 91/91.50.

In case of return below 88, we remain neutral between this level and the major support at 87. This level corresponds to a bullish slant which is leading the long-term uptrend since last November.
Full analysis

Analysis published by Bruno, the 01/24/2013 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
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.