USD/JPY Is in a Strong Uptrend, Reaches the Overbought Region

USD/JPY Is in a Strong Uptrend, Reaches the Overbought Region

Key Resistance Levels: 111.000, 112.000, 113.000
Key Support Levels: 104.000, 103.000, 102.000

USD/JPY Price Long-term Trend: Bullish
The USD/JPY has continued its upward move. On February 17 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.618 Fibonacci extensions or level 108.18 .

USD/JPY – Daily Chart

Daily Chart Indicators Reading:
The pair is at level 72 of the Relative Strength Index period 14. This indicates that the pair is now in the uptrend zone and above the centerline 50. The Yen has reached the overbought region of the market. It is doubtful if the pair has enough room to rally on the upside.

USD/JPY Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an upward move. On March 2 uptrend; a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 1.1129 Fibonacci extensions or level 107.18.

USD/JPY – 4 Hour Chart

4-hour Chart Indicators Reading
The USD/JPY pair is currently above the 80% range of the daily stochastic. It indicates that the pair is in the overbought region. The SMAs are sloping upward indicating an uptrend.

General Outlook for USD/JPY
The Yen has been in an upward movement since February 22. The pair has been trading in the overbought region for some time. It is unclear if the Yen will continue its upward move. In a trending market, the overbought condition may not hold.


You can purchase crypto coins here: Buy Coins


Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

USDJPY Regains Positive Traction for the 2nd Day in a Row

USDJPY Regains Positive Traction for the 2nd Day in a Row

USDJPY Price Analysis – February 24

USDJPY pair is trading at daily highs past the 106.00 level while extending its upside bias further. After Fed Chair Jerome Powell on Tuesday reiterated a very dovish policy stance on the economy, the USD downside risk has more or less dissipated and the current movement is viewed as part of a consolidation.

Key levels
Resistance Levels: 108.16, 107.05, 106.22
Support Levels: 104.92, 103.17, 102.60
USDJPY Long term Trend: Ranging
As seen on the daily chart, the USDJPY pair is building on the prior day’s rebound from levels below the key 105.00 psychological mark and gained positive traction for the 2nd day in a row. Considering the nearly overbought RSI, stepping back recently, the yen pair may fail to cross the former barrier at 106.22 level.

Meanwhile, the weekly support line, currently around 104.92 level, can offer immediate support to the pair in the event of an unexpected pullback. However, any further weakness below the daily moving averages 5 and 13 may return to test the recent low of 104.92 while also catching a breather around 105.00 round number.
USDJPY Short term Trend: Bullish
The pair’s near-term attention is now on 106.22 resistance level with today’s strong rally. A firm breach there may restart the increase from 102.60 low level, to 61.8% retracement of 111.71 to 102.60 at 108.16 levels.

The rejection by 106.22 level may usher in further consolidations but an increased rally may continue in favor as long as the 104.92 support level holds intact. Meanwhile, the breach of 104.92 level may imply ending of the increase from 102.60 level and alter near term bias bearish.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

USD/JPY retests bullish structure

USD/JPY retests bullish structure

Key Support Levels: 104.90
Key Resistance Levels: 105.40 – 105.70 – 106.20

Long Term View
The USD/JPY is trading inside a mid term bullish structure and has now retraced back 76.4% of the entire bullish move to retest the structure and the previous weekly lows having hit short term bearish targets in confluence. Long term hidden bullish divergence is detected.

1H Chart Analysis
The confluence of these levels makes for a high probability buy setup at the break of today´s highs.
Should this scenario play out we could see buyers push price up to retest the next key level (105.70 – 105.90) which is yesterday´s and this week´s highs.

This signal has also been sent in the swing trade channel with different targets as we aim to capture longer term moves.

If you want to get our swing trade signals you can join here: https://learn2.trade/go-premium

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Orlando Gutierrez

USDJPY continues bullish run

USDJPY continues bullish run

Key Support: 105.20 – 105-50 105.70
Key Resistance: 106.20

Long Term View
The USDJPY has been rallying since earlier this month when it bottomed at 104.40 (178 pip ride from low to high)

1H Analysis
We have pulled back 50% from the highs and bounced from the 61.8% pullback of last week´s range
The UJ is still in an uptrend and has opened up the week stronger with a stronger USD (DXY at weekly pivot).

We have broken with the bull flag and the daily highs on a possible move to retest the previous weekly highs.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Orlando Gutierrez

USDJPY reverses from the top of the structure

USDJPY reverses from the top of the structure

Key Support: 104.60 – 104.00
key Resistance: 106.40

USD/JPY Long Term View
The USD/JPY has been rising for the better part of 2021 on a Yen selloff but the long term structure remains bearish since the pre-pandemic highs around 112.00. This was a massive -8.15% move from high to lows with a 3.5% pullback to current highs.

The Yen remains a safe heaven for US Dollar holders on a depreciation of this currency. In other words, money flows to the Japanese Yen when the US Dollar gets hit mainly because Japan maintains a positive trade balance.

4H Chart Reading

The UJ has rallied this week 1.75% to retest the top of the current bullish structure as the DXY remains capped by the 90.85 key level.

This play is riskier since we are trading a reversal on a bullish move. Caution is advised.

Massive bearish divergence is detected on the higher time frames at the rejection of the Sept. – Oct. 2020 highs. It is at this level that sellers gained control of this market for about 3 months and pushed price down 3.5%

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Orlando Gutierrez

USD/JPY reverses from key level

USD/JPY reverses from key level

The UJ has rejected the previous TWO week´s highs and a key bullish target, the 1.618 retracement of the first bullish leg of the move.

We are looking to go short on a possible reversal. But we need a pullback to the previous broken level (105.40)

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Orlando Gutierrez

USD/JPY rejectes previous week´s highs

USD/JPY rejectes previous week´s highs

Key Resistance zone: 105.65
Key support zone: 105 – 104.410

USD/JPY Long-Term Trend: Bullish

The USD/JOY has been rallying since it hit the lows at 102.60 back in January 5th 2021. We have seen a very clean 310 pip bullish move but now the pair has rejected a big resistance level (105.65) which confluences with the previous two weeks highs.
15-minute Chart reading
We are still in a bullish trend short term but we have broken with yesterday´s lows and a retest here should trigger us in for a possible reversal. Be aware that the immediate support turned resistance zone confluences with today`s open (red line on the chart below)
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Orlando Gutierrez

USD/JPY Falls to Level 102.50 and Resumes an Uptrend

USD/JPY Falls to Level 102.50 and Resumes an Uptrend

Key Resistance Levels: 111.000, 112.000, 113.000
Key Support Levels: 104.000, 103.000, 102.000

USD/JPY Price Long-term Trend: Bullish
The USD/JPY is in an upward move. On February 3 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.0 Fibonacci extensions or level 108.18.

USD/JPY – Daily Chart

Daily Chart Indicators Reading:
Presently, the SMAs are sloping upward indicating the uptrend. The index is at level 60 of the Relative Strength Index period 14. This indicates that the pair is now in the uptrend zone and above the centerline 50.

USD/JPY Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an upward move. On February 12 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.618 Fibonacci extensions or level 105.58.

USD/JPY – 30 Mins Chart

4-hour Chart Indicators Reading
The USD/JPY pair is currently above the 50% range of the daily stochastic. It indicates that the pair is in a bullish momentum. The Yen has fallen but it may resume upward.

General Outlook for USD/JPY
USD/JPY was earlier in a downward move. The price fell to level 102.50 and commenced an upward move. According to the Fibonacci tool, the market will rise to level 1.5.58 and later reach a high a level



Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

USD/JPY Retraces and Finds Support Above Level 104.58

USD/JPY Retraces and Finds Support Above Level 104.58

Key Resistance Levels: 111.000, 112.000, 113.000
Key Support Levels: 104.000, 103.000, 102.000

USD/JPY Price Long-term Trend: Bullish
The USD/JPY has reached the target price and was rejected. The price retraced to the low at level 104.62. The current support appears to be holding as there is the presence of bullish signals. The market is expected to move up.

USD/JPY – Daily Chart

Daily Chart Indicators Reading:
Presently, the SMAs are sloping upward indicating the uptrend. The index is at level 54 of the Relative Strength Index period 14. This indicates that the pair is now in the uptrend zone and above the centerline 50.

USD/JPY Medium-term Trend: Bearish
On the 4-hour chart, the pair is in a downward move after rejection at level 105.76. On February 5 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Yen will fall to level 2.618 Fibonacci extensions or level 104.58.

USD?JPY – 4 Hour Chart

4-hour Chart Indicators Reading
The USD/JPY pair is currently below the 20% range of the daily stochastic. It indicates that the pair is in a bearish momentum. The Yen has fallen but may resume upward.

General Outlook for USD/JPY
USD/JPY uptrend has been terminated as the Yen was rejected at level 104.76. In the same vein, the pair retraced to level 104.58, and may resume upward if the current level holds. Presently, there are bullish signals above the current support.



Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

USD/JPY Resumes a Downward Move as It Faces Resistance at Level 105.50

USD/JPY Resumes a Downward Move as It Faces Resistance at Level 105.50

Key Resistance Levels: 111.000, 112.000, 113.000
Key Support Levels: 104.000, 103.000, 102.000

USD/JPY Price Long-term Trend: Bullish
The USD/JPY is likely to decline because of rejection. On January 11 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates the Yen is likely to rise to level 2.0 Fibonacci extensions. This is the high of level 106.19.

USD/JPY – Learntrade

Daily Chart Indicators Reading:
Presently, the SMAs are sloping upward indicating the uptrend. The index is at level 71 of the Relative Strength Index period 14. This indicates that the pair is now in the overbought region of the market.

USD/JPY Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an upward move. On February 4 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.0 Fibonacci extension or level 106.44.

USD/JPY – 1 Hour chart

4-hour Chart Indicators Reading
The USD/JPY pair is currently below the 80% range of the daily stochastic. It indicates that the pair is in a bearish momentum. The Yen has fallen but may resume upward.

General Outlook for USD/JPY
USD/JPY has been rising for the past three days. The pair is facing rejection at level 105.50. The Yen is falling as a result of rejection. The coin is likely to move up after the retracement. However, the selling pressure will extend to the level 104.95.


Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.