USDJPY Loses Key 107 Level
On a Daily Chart, USD/JPY is extending a Bearish Pattern of Lower Highs...
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Finally, USD/JPY has closed below the key 107.00 level on a daily basis.
The Japanese yen shows its strength despite the Bank of Japan keeping interest rates at Negative territory and planning to buy UNLIMITED amount of Japanese government bonds.
On a Daily Chart, USD/JPY, below Both 20-day and 50-day moving average, is extending a Bearish Pattern of Lower Highs.
It has broken below the lower boundary of a Triangle (Coil) confirming a Short-Term Bearish Reversal.
Trading below the Key Resistance at 109.35, USD/JPY would seek support at levels around 105.15.
On an Intraday (30-Minute) Chart, USD/JPY has shot below the lower Bollinger band -- Downward Acceleration is expected.
Downside support would only be found at 106.35 and 106.15.
The Japanese yen shows its strength despite the Bank of Japan keeping interest rates at Negative territory and planning to buy UNLIMITED amount of Japanese government bonds.
On a Daily Chart, USD/JPY, below Both 20-day and 50-day moving average, is extending a Bearish Pattern of Lower Highs.
It has broken below the lower boundary of a Triangle (Coil) confirming a Short-Term Bearish Reversal.
Trading below the Key Resistance at 109.35, USD/JPY would seek support at levels around 105.15.
Source: GAIN Capital, TradingView
On an Intraday (30-Minute) Chart, USD/JPY has shot below the lower Bollinger band -- Downward Acceleration is expected.
Downside support would only be found at 106.35 and 106.15.
Source: GAIN Capital, TradingView
Finally, USD/JPY has closed below the key 107.00 level on a daily basis.
The Japanese yen shows its strength despite the Bank of Japan keeping interest rates at Negative territory and planning to buy UNLIMITED amount of Japanese government bonds.
On a Daily Chart, USD/JPY, below Both 20-day and 50-day moving average, is extending a Bearish Pattern of Lower Highs.
It has broken below the lower boundary of a Triangle (Coil) confirming a Short-Term Bearish Reversal.
Trading below the Key Resistance at 109.35, USD/JPY would seek support at levels around 105.15.
On an Intraday (30-Minute) Chart, USD/JPY has shot below the lower Bollinger band -- Downward Acceleration is expected.
Downside support would only be found at 106.35 and 106.15.
The Japanese yen shows its strength despite the Bank of Japan keeping interest rates at Negative territory and planning to buy UNLIMITED amount of Japanese government bonds.
On a Daily Chart, USD/JPY, below Both 20-day and 50-day moving average, is extending a Bearish Pattern of Lower Highs.
It has broken below the lower boundary of a Triangle (Coil) confirming a Short-Term Bearish Reversal.
Trading below the Key Resistance at 109.35, USD/JPY would seek support at levels around 105.15.
Source: GAIN Capital, TradingView
On an Intraday (30-Minute) Chart, USD/JPY has shot below the lower Bollinger band -- Downward Acceleration is expected.
Downside support would only be found at 106.35 and 106.15.
Source: GAIN Capital, TradingView
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