Market Cap:
$237B
BTC Dominance:
65.68%
btc:
$8,658.55
eth:
$183.89
xrp:
$0.27
Advertise
Forex

21st Oct 2014 USD/JPY Analysis

21st Oct 2014 USD/JPY Analysis

dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics USD/JPY covers the trading gap of yesterday as 107.4 resistance holds strong

dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics Breaking lower than 106.78 we can see 106 reattained again as the pair trades within the downtrend line

dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics Currently at support, the intraday direction will be clear once the current price level shows support or breakthrough, as the Traditional MACD shows an inclination towards bearish sentiments, as per the moving averages.

IBM abandoned an earnings forecast for 2015 amidst the struggles of the company to shift its focus towards cloud computing, sending the U.S stocks market tumbling as sentiments waned. Speculation over the health of the U.S stock market and Fed rate increases sent the dollar falling against the higher yielding currencies. USD/JPY traded to the high of 15th Oct at 107.4 before falling

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Slight Bearish105105.79106.4107.4108108.48Sell once 106.4 breaks107.2105

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.