empty
 
 
21.04.2017 05:31 PM
Daily analysis of USD/JPY for April 21, 2017

This image is no longer relevant

Overview

The USD/JPY pair fluctuates around the rising wedge's resistance that confines the recent trading. The EMA50 keeps pushing the price negatively, while Stochastic shows clear negative signals on the four-hour time frame. Therefore, the bearish trend scenario will remain valid for the upcoming period, and a break of 108.60 levels will ease the mission of heading towards our next target at 106.63. A breach of 109.30 will lead the price to test the key resistance at 111.65 on the near-term basis. The expected trading range for today is between the 108.00 support and the 109.90 resistance.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first 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 $1000 more!
    In April we raffle $1000 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

Can't speak right now?
Ask your question in the chat.
Widget callback