USD/JPY Breaks Level 106.00, Resures Downtrend

Azeez Mustapha

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Awọn ipele Resistance Key: 111.00, 112.00, 113.00
Awọn ipele Atilẹyin bọtini: 104.00, 103.00, 102.00

USD / JPY Iye Aṣa-igba pipẹ: Bearish
USD/JPY was earlier in a sideways trend. The price has broken level 106.00 as the Yen resumes a downward move. A green candle body tested a 50% Fibonacci retracement level. It indicates that the Kiwi will fall and reach a low of 2.0 Fibonacci extension level. In other words, the market will reach a low of 102.25. In the meantime, price is falling after retesting level 107.00.

USD/IPY – Daily Chart

Awọn Ifihan Atọka Ojoojumọ Kika:
The 21-day SMA and 50-day SMA are sloping downward indicating a downtrend. The Yen is currently at level 41 of the daily Relative Strength Index. It is in the downtrend zone and below the centerline 50.

USD / JPY Aṣoju-igba Aṣa: Bearish
The USD/JPY pair rose to level 107.00 and was resisted. After a retest of the resistance level, the market resumed a downward move. The price has fallen from level 107.00 to level 105.50. The support at 105.60 was the previous support level in August. The downward movement will continue if the price breaks the current support at level 105.50.

USD / JPY - 4 Chart Chart

Awọn afihan Awọn apẹrẹ Awọn apẹrẹ 4-wakati kika
The pair is below 20% range of the daily stochastic. The Yen is in the oversold region of the market. The pair is in a strong bearish momentum. The SMAs are also sloping horizontally.

Gbogbogbo Outlook fun USD / JPY
The Japanese Yen is falling after rejection from level 107.00. The selling pressure has continued as price reaches the low of level 105.50.
According to the Fibonacci tool, the selling pressure will continue to level 102.25.


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Azeez Mustapha

Azeez Mustapha jẹ alamọja iṣowo, oluyanju owo, olufihan awọn ifihan agbara, ati oluṣakoso owo pẹlu ọdun mẹwa ti iriri laarin aaye owo. Gẹgẹbi Blogger ati onkọwe iṣuna, o ṣe iranlọwọ fun awọn oludokoowo ni oye awọn imọran eto inọnwo ti ilọsiwaju, mu awọn ọgbọn idoko -owo wọn dara si, ati kọ ẹkọ bi o ṣe le ṣakoso owo wọn.

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