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US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
Euro Price Outlook - Stuck in Sideways Pattern for Now, Pushing Against Resistance
2021-02-24 09:41:00
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Crude Oil Price Forecast: Demand and Supply Drivers Firing on All Cylinders
2021-02-25 04:30:00
Crude Oil Prices Explode Higher - Are Gains Sustainable?
2021-02-24 17:10:00
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Stock Market Forecast for the Week Ahead: Growth to Value Rotation Heats Up
2021-02-24 22:30:00
Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast
2021-02-24 17:00:00
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Gold Price Outlook: Gold Recovery First Test at Trend Resistance
2021-02-24 20:00:00
Gold and Silver Price Forecast: Treasury Rates, Negative Yielding Debt Pressure Prices
2021-02-24 06:00:00
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US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
Nasdaq Whacked by US Rates Rally, GBP Overnight Spike Faded - US Market Open
2021-02-24 15:05:00
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US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
US Dollar Outlook: NZD/USD Volatility Spikes Ahead of RBNZ
2021-02-23 22:35:00
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USDJPY Ends May on Lows but at Support

USDJPY Ends May on Lows but at Support

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly Bars

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY Ends May on Lows but at Support

Prepared by Jamie Saettele, CMT

The USDJPY continues to slip and has reached the much discussed 7830 (resistance throughout late 2011). There is nothing to suggest that a low is in place right now and the next level of support is 7780. I’d be willing to try longs on a test and rebound from that level with an initial stop (plan on moving it up) below 7600.

LEVELS: 7735 7780 7830 7900 7980 8015

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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