Яндекс.Метрика USDJPY works it's way into swing area – Technologies of the future for life!
Home / Forex Treiding / USDJPY works it’s way into swing area

USDJPY works it’s way into swing area


  • share

The 108.36 to 108.47 is a swing area ahead of the high from last week

The USDJPY has moved into a swing area defined by highs on September 18, September 19 and 20, and October 1 in the 108.363 to 108.471 area.  
On Frriday, and earlier today, the price moved above that area, but backed off (the high reached 108.607 on Friday).  A move above should be more bullish. Stalling here and backing back below the area, could damage the buyers ideas today.
ON the downside today, the low stalled near the 38.2% of the move up from the October 10 low. That comes in at 108.003 – a nice round number too.  The bounce has been pretty steady off that low.  

ForexLive

About SkyNET

Leave a Reply

Your email address will not be published.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