USD/JPY

USD/JPY reaches near critical resistance 138 – A key level to Watch

USD/JPY Technical Analysis The technical outlook of the daily chart of the currency pair USD/JPY shows signs of a strong bullish trend. The price is moving above the Ichimoku cloud and has reached its critical resistance level of 138. This level offered great support to the pair in November 2022 from a massive fall. Furthermore, …

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USD/JPY found support at 50-SMA; Next Stop could be at 128 Level

USD/JPY Technical Analysis The daily chart of the currency pair USD/JPY shows that 50-Day Simple Moving Average (SMA) line is holding it from further decline at the 132.389 level. After breaking below the ascending channel, the forex pair USD/JPY started its massive fall yesterday. There are more chances of further bearish pressure in the coming …

USD/JPY found support at 50-SMA; Next Stop could be at 128 Level Read More »

USD/JPY Recovering Daily Loss after US Core PCE report- will it hold?

USD/JPY Fundamental Analysis During the early Asian Trading session, the forex currency pair was facing selling pressure amid the positive release of the annual Tokyo Core CPI. The figure surpassed the expectations of the market by 4.2% and reported a 4.3% growth in inflation. This report sparked hopes among investors that the Bank of Japan …

USD/JPY Recovering Daily Loss after US Core PCE report- will it hold? Read More »

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