USD/JPY Price Analysis: Clustered market, front side of bull trend but bears engaged USDJPY Technical Analysis
The following illustrates the bullish bias along the trendline and prospects of a move higher for the forthcoming week:
The 4-hour price action is seeing a test of potential support across the 134s. However, so long as the trendline holds up, the bias is bullish above the 133.50s. The greyed area is an area of price imbalance in the market that could otherwise be mitigated should the bears take back control. Below there, 133.20, the bias will flip firmly bearish. Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Price Analysis: Bulls seeking a discountUSD/JPY has been offered as the Yen on Friday posted modest gains on signs of strength in Japan’s economy boosted by Japan’s Mar national inflation da
Read more »
USD/JPY aims to surpass 134.50 as BoJ Ueda warns Japan CPI peaking soonerThe USD/JPY pair is making efforts for recapturing the immediate resistance of 134.50 in the Tokyo session. The major has got strength as new Bank of
Read more »
USD/JPY: Fading probability of extra gains – UOBA move beyond 135.75 in USD/JPY appears to be losing momentum, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Q
Read more »
USD/JPY sticks to modest intraday gains just below mid-134.00s, lacks follow-throughThe USD/JPY pair builds on Friday's bounce from the vicinity of mid-133.00s and gains some follow-through traction on the first day of a new week. The
Read more »
USD/JPY climbs to fresh daily high, further beyond mid-134.00s despite weaker USDThe USD/JPY pair kicks off the new week on a positive note and builds on its steady intraday ascent through the early North American session. The mome
Read more »
AUD/USD Price Analysis: Bears aligned below 0.6710AUD/USD has been under pressure over the course of the past few days, despite a strong Australian labour market report for March and the resultant boo
Read more »