empty
 
 
28.04.2021 08:29 AM
USD/JPY Increases As Expected!

USD/JPY has started increasing again after retesting the uptrend line. It is trading traded at the 108.88 level. It may approach new highs if USDX and JP225 jump higher in the short term.

The greenback has taken the lead again after better than expected CB Consumer Confidence. The US economic indicator increased from 109.0 to 121.7. Today, the FOMC Statement and the FOMC Press Conference could bring high volatility and strong movements.

A neutral or hawkish FED could help the dollar to extend its short-term appreciation. Fundamentally, USD was somehow expected to increase after good data in the last weeks.

USD/JPY Resumes Its Uptrend!

This image is no longer relevant

USD/JPY escaped from the down channel pattern and now is traded far above the R1 (108.64). It has found strong support on the 38.2% retracement level and now it could jump above 23.6% level.

The R2 (109.41) and R3 (109.99) are seen as upside targets if USD/JPY resumes its swing higher. The bias is bullish after the rejection from the uptrend line. A temporary decline could help the buyers to go long again.

USD/JPY Forecast!

The breakout above 108.33 static resistance and closing above 108.54 former high represented a buying opportunity. A minor consolidation above the weekly R1 (108.64) or a retest could bring a new bullish signal.

The upper median line (uml) of the major descending pitchfork is seen as a major upside target.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Octubre, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback