empty
 
 
17.09.2021 05:28 PM
USDJPY challenges 110 resistance level.

USDJPY recently reached 109.25 close to the lower trading range boundary it is in since June. Price today is bouncing towards 110 where we find the red downward sloping resistance trend line coming from June highs.

This image is no longer relevant

Red line - resistance trend line

USDJPY has made no real progress over the coming 4 months as price is mostly moving sideways. However it is important to note the importance of the red downward sloping resistance trend line where price has gotten rejected two times so far. Price is very close to this resistance now. Another rejection will be a bearish signal and will most probably bring price towards 109 again. If on the other hand we see price break above the resistance of 110-110.20 we will get a bullish signal. At current levels we prefer to be bearish as a rejection would bring price back towards 109 and maybe lower. Breaking above 110 will make us turn bullish looking for a bounce towards 111 at least.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $5000 more!
    In November we raffle $5000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback