Technical Analysis

USDJPY retraces the NY trading range

Still lower on the day but well off the lows.

The price of the USDJPY reached a NY session high price at 111.19 in the first hour of trading.  The low was reached after the NFP report and reached a low of 110.71.

The price corrected higher and reached a high of 111.193.  The lap lower and back higher was completed.  

The price is down testing the 100 bar MA on the 4-hour chart at 111.06.  A move below would be more bearish. Stay above keeps the hopes for more upside in the cards.

Stocks are trading around the mid-range.  

Yields also near mid range for the day as well. 


Articles You May Like

(LIVE TRADING) Small Account Forex Trading – So Darn Easy Forex™
USDJPY dances around the 100 hour MA as it awaits the US stock opening
Stocks down but it could have been worse
EURUSD Monthly Open Range in Focus Ahead of Germany GDP Report
Crude Oil Price to Bypass OPEC Meeting for Trade Wars, Fed Minutes

Leave a Reply

Your email address will not be published. Required fields are marked *