empty
 
 
25.05.2021 04:04 PM
Trend line analysis on USDJPY

In all our recent posts we made it very clear how important the upward sloping trend line support is. The importance of this trend line can easily be seen as price is trading around it and bulls fight a big battle against bears without any violation of the trend line. Bulls continue to have the upper hand as price remains above the trend line.

This image is no longer relevant

Red rectangle - resistance

Red line - support

Green rectangle - support

Blue line- horizontal support

USDJPY continues to respect the support green area and the red upward sloping trend line. The horizontal support shown by the blue line also remains intact. Bears need to break below 108.50 in order to reclaim control of the short-term trend. The longer time price spends on top of the trend line support, the higher the chances of a strong upward move. A break above the 109.70 will give as first target the 110.70 level and next at 112.

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.
    เข้าร่วมการแข่งขัน
  • Chancy Deposit
    ฝากเงินในบัญชีของคุณใน $3,000 และรับ $8000 ไปเพิ่ม!
    ใน มีนาคม ทางเราได้ออก$8000 ภายในแคมเปญ Chancy Deposit !
    คว้าโอกาสที่จะชนะด้วยการฝากเงิน $3,000 ไปในบัญชีเทรด เมื่อทำตามเงื่อนไขนี้แล้ว คุณก็จะกลายเป็นผู้เข้าร่วมแคมเปญ
    เข้าร่วมการแข่งขัน
  • เทรดให้ดีแล้วคว้ารางวัล
    เติมเงินในบัญชีของคุณอย่างน้อย $500 สมัครเข้าร่วมการแข่งขัน และลุ้นรับรางวัลอุปกรณ์ติดต่อสื่อสารแบบพกพา
    เข้าร่วมการแข่งขัน
  • โบนัส 100%
    โอกาสพิเศษของคุณในการรับโบนัส 100% จากเงินฝากของคุณ
    รับโบนัส
  • โบนัส 55%
    สมัครรับโบนัส 55% สำหรับการฝากทุกครั้ง
    รับโบนัส
  • โบนัส 30%
    รับโบนัส 30% ทุกครั้งที่คุณเติมเงินในบัญชีของคุณ
    รับโบนัส

Recommended Stories

EURUSD, Day | Potential reversel?

The EUR/USD pair has bullish momentum and may move towards the 1st resistance level. Pullback support at 1.0478, coinciding with the 38.20% Fibonacci retracement level, is currently supporting the price

Dean Leo 09:44 2023-03-20 UTC+2

GBPUSD, H4 | Potential reversel from trendline?

The GBP/USD chart currently exhibits bearish momentum, as the price remains below a significant descending trend line. This indicates that the currency pair may undergo further downward pressure

Dean Leo 08:05 2023-03-17 UTC+2

AUDUSD, H4 | Potential reversel from trendline?

Price is approaching our 1st resistance level at 0.6694 along with a 61.8% Fibonacci retracement. If the price were to break above, it could push up to 2nd resistance

Dean Leo 10:10 2023-03-16 UTC+2

USDJPY, H1 | Time to Buy?

The price has recently reversed from our 1st resistance level at 135.18, which lines up with the 50% Fibonacci retracement. Additionally, it appears that the price has broken through

Dean Leo 19:39 2023-03-15 UTC+2

DAX, D1 | Trend line breakout

Price has broken an ascending trend line suggesting we might see a big bearish move. There's also a strong bearish divergence vs Stochastic lending more confidence to our bearish call

Dean Leo 06:36 2023-03-14 UTC+2

USDCHF, H4 | Potential bearish breakout after trend line break?

Price is testing a major support at 0.9283 which is a 50% Fibonacci retracement and an overlap support. If price were to break this level, we could see it drop

Dean Leo 11:42 2023-03-10 UTC+2

GBPJPY, H4 | Could price bounce from here?

Price is testing a major support level at 161.80 which is an overlap support and also seeing support from an ascending trendline. There's a chance that it might bounce from

Dean Leo 18:21 2023-03-09 UTC+2

Can ETHUSD Drop to 1512?

Price is in a bearish channel and a reversal from 1591 could see prices drop all the way to 1512 which is a strong overlap support. Do watch

Dean Leo 17:39 2023-03-07 UTC+2

Potential WTI Rally?

Price is testing a major support of 78.37 which is an overlap support and a Fibonacci retracement. We could see a bounce from here taking prices up to 79.87. It's

Dean Leo 14:47 2023-03-06 UTC+2

Could we see BCOUSD drop?

BCOUSD is testing a descending resistance line - and a break of our support at 83.97 could trigger a move down to the take profit target of 79.60. In terms

Dean Leo 09:15 2023-03-03 UTC+2
หากไม่สะดวกคุยในตอนนี้
ระบุคำถามไว้ได้ใน แชท.