empty
 
 
17.04.2018 02:46 AM
Daily analysis of USD/JPY for April 17, 2018

USD/JPY

On this pair, there was a shallow bearish retracement on April 16. In contrast, there is a weak short-term bullishness owing to the fact that price made some effort to go upwards last week, gaining only 80 pips. It might go upwards this week, to corroborate the recent bullish effort in the market.

This image is no longer relevant

However, the price would be able to go above the supply level at 107.50; even reaching other supply levels at 108.50, 109.00 and 109.50. There is some bullish expectation on JPY pairs this week, which could see some rallies on them.

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 $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

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