Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £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: Bearish
The USD/JPY pair retested level 105.50 and resumed downward. The Yen has fallen to level 104.87 at the time of writing. The selling pressure will persist if the price breaks below the SMAs. Already, the price has broken the 50-day SMA and it is approaching the 21-day SMA.
Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend. The pair has fallen to level 49 of the Relative Strength Index period 14. This indicates that there is a balance between supply and demand.
USD/JPY Medium-term Trend: Bearish
On the 4-hour chart, the pair has fallen to the oversold region of the market. On November 12 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This indicates that the market will fall to level 1.618 Fibonacci extensions. Perhaps, the market will resume a fresh uptrend as it is in the oversold region.
4-hour Chart Indicators Reading
The USD/JPY pair is currently below the 20% range of the daily stochastic. It indicates that the pair has fallen into the oversold region of the market. The SMAs are sloping downward indicating the downtrend.
General Outlook for USD/JPY
USD/JPY has been on a downward move. The pair has fallen to the oversold region of the market. Perhaps buyers are likely to emerge at the oversold region. Presently, there are bullish signals at the bottom of the chart.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
