empty
 
 
15.07.2014 07:46 AM
Technical Analysis of USD/JPY for July 15, 2014

This image is no longer relevant

The pair has been trying its fortune at the crucial support of 50-W Sma. In last week's session, the pair hit support and managed to close above that. The pair has a weekly resistance at the 101.91 (20-W Sma) levels. In Asia's session, the pair opened with a minor bullish bias at 101.53. It is facing resistance at 101.66, 101.73 (20-D Sma) and 101.90 (50-D Sma). If closing a session above 101.90, we see can a sharp run towards 102.30 and 102.80 levels.

This image is no longer relevant

On an intraday basis, the pair is trading above the hourly moving averages, which is a bullish sign. The pair has an intraday support at 101.53 and 101.40 levels and an immediate resistance at 101.64 (8-hr high). The hourly Stochstics are indicating an overbought sign. Fresh buy will be gainful only above the 101.66 levels. It will face some selling below 101.40.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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 $10000 more!
    In January we raffle $10000 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
  • 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