empty
 
 
02.12.2022 07:12 PM
USD/JPY: downside continuation from below 133.75

This image is no longer relevant

USD/JPY Strong Sellers!

The USD/JPY pair increased a little today only because the US reported positive economic data. The Non-Farm Employment Change and Average Hourly Earnings came in better than expected.

You knew from my previous analyses that the price could develop a larger drop if it drops below 137.65. Technically, today's low of 133.75 represents a downside obstacle. On the other hand, the minor downtrend line represents an upside obstacle.

USD/JPY Trading Conclusion!

Staying below the downtrend line and dropping below 133.75 activates more declines. This helps the traders to sell this pair again.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2023
USDJPY
US Dollar vs Japanese Yen
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

EUR/USD and GBP/USD: simple tips for beginners on March 27 (North American trade)

The euro instantly perked up following the upbeat Ifo survey on business sentiment, the assessment of current economic conditions, and economic expectations for Germany. Still, it was not enough

Jakub Novak 13:53 2023-03-27 UTC+2

Analysis and trading tips for GBP/USD on March 27

Analysis of transactions and tips for trading GBP/USD The pair tested 1.2274 at a time when the MACD line was already far from zero, limiting the downside potential

Jakub Novak 09:37 2023-03-27 UTC+2

Analysis and trading tips for EUR/USD on March 27

The pair tested 1.0827 at a time when the MACD line was just starting to move below zero, which was a good reason to sell. Accordingly, this resulted

Jakub Novak 09:34 2023-03-27 UTC+2

Analysis and trading tips for EUR/USD and GBP/USD on March 24 (US session)

Euro and pound fell as risk appetite dwindled due to weak economic activity in both the eurozone and the UK. But activity data from the US, which

Jakub Novak 16:00 2023-03-24 UTC+2

Analysis and trading tips for GBP/USD on March 24

Analysis of transactions and tips for trading GBP/USD The pair tested 1.2335 at a time when the MACD line was already far from zero, limiting the upside potential

Jakub Novak 08:05 2023-03-24 UTC+2

Analysis and trading tips for EUR/USD on March 24

Analysis of transactions and tips for trading EUR/USD The pair tested 1.0893 at a time when the MACD line was far from zero, limiting the downside potential of the pair

Jakub Novak 08:03 2023-03-24 UTC+2

USD/CAD: new downtrend, 1.3658 as downside obstacle

The USD/CAD pair is trading at 1.3673 at the time of writing and it stands above the 1.3658 former low which represents a downside obstacle

Ralph Shedler 14:30 2023-03-23 UTC+2

Analysis and trading tips for EUR/USD and GBP/USD on March 23 (US session)

Growth in euro is slowing as buying activity started to weaken after the pair updated the March high. In addition, yesterday's momentum could very quickly turn into a smooth decline

Jakub Novak 11:20 2023-03-23 UTC+2

Analysis and trading tips for GBP/USD on March 23

The pair tested 1.2249 at a time when the MACD line was just starting to move above zero, which was a good reason to buy. This led to a price

Jakub Novak 08:35 2023-03-23 UTC+2

Analysis and trading tips for EUR/USD on March 23

The pair tested 1.0795 at a time when the MACD line was just starting to move above zero, which was a good reason to buy. There was an upward movement

Jakub Novak 08:33 2023-03-23 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.