USDJPY Falls in Step-Wise Order

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Market Analysis – January 19

USDJPY market has continued to replay the “break and retest” price action on the daily chart. The bears have gained control since October, after the test of 150.90.

USDJPY Falls in Step-Wise Order

USDJPY Long-term Trend: Bearish

A double bottom shape formed in August last year. The bullish order flow resumed after the formation of the bullish chart pattern. The daily candles rose above the Moving Averages. The price rose steadily to the supply level of 150.0. The bearish trend was confirmed with the cross of the Moving Averages (periods 30 and 50).

A bearish channel has been formed on the daily chart. The Moving Averages are still hovering above the daily candles, clearly showing that the market is still bearish. Since November, every new high has brought about the formation of a new low. The sellers are drawing toward liquidity regions at major demand levels.

USDJPY Falls in Step-Wise Order

USDJPY Short-term Trend: Bearish

The USD/JPY market tested 131.300 a few days ago. The Stochastic signified an overbought market. Immediately after the Moving Average ( period 50) was tested, the price started declining again. The market is currently diving towards 126.500.

Do you want to take your trading to the next level? Join the best platform for that here 

  • 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
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.