Forex4you - Analytics

Forex4you

514.75 7.25/10
57% of positive reviews
Real

Technical analysis for the USDJPY on 09.06.2015

The USDJPY: the uptrend has turned down

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 130 pips Max. 125.70

Min. 123.00

usdjpy6

The US dollar’s growth, observed on Friday, is over. Yesterday’s decline of the USD against the yen has turned the uptrend to the downside.

In a short run, the breakout of the upper border of the ascending channel and 124.85 support will indicate at least correction down.

Potential correction target is situated at the strong support of 123.65. If the test of this level occurs at low volume, consolidation will commence.

Alternative scenario: the breakout of 124.85 resistance will open the way up for another test of level 125.70.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

The USDJPY: the uptrend has turned down

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 130 pips Max. 125.70

Min. 123.00

usdjpy6

The US dollar’s growth, observed on Friday, is over. Yesterday’s decline of the USD against the yen has turned the uptrend to the downside.

In a short run, the breakout of the upper border of the ascending channel and 124.85 support will indicate at least correction down.

Potential correction target is situated at the strong support of 123.65. If the test of this level occurs at low volume, consolidation will commence.

Alternative scenario: the breakout of 124.85 resistance will open the way up for another test of level 125.70.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree