Daily analysis of USD/JPY for October 21, 2016
October 21, 2016 1:48 pmVideo
Latest News
- Analysis of the trading week from May 22nd to 26th for the EUR/USD pair. COT Report. The dollar cannot be derailed from its May 27, 2023
- Technical analysis of GBP/USD for May 26, 2023 May 26, 2023
- Technical analysis of EUR/USD for May 26, 2023 May 26, 2023
- XRP/USD: upside continuation to be activated May 26, 2023
- USD/CAD: 1.3663 key upside obstacle May 26, 2023
- May 26, 2023 : GBP/USD Intraday technical analysis and significant key-levels. May 26, 2023
- May 26, 2023 : EUR/USD Intraday technical analysis and trading plan. May 26, 2023
- May 26, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. May 26, 2023
- Gold: downside scenario takes shape May 26, 2023
- EUR/USD: deeper drop activated as expected May 26, 2023
- Bitcoin insures default risks May 26, 2023
- Trading Signal for EUR/USD for May 26-29, 2023: sell below 1.0742 (21 SMA -0/8 Murray ) May 26, 2023
- EUR/USD: Negotiation track and core PCE index May 26, 2023
- Technical analysis – GBPUSD stays within bearish channel despite quick bounce May 26, 2023
- Technical analysis on USDJPY for May 26th, 2023. May 26, 2023
- Technical analysis on EURUSD for May 26th, 2023. May 26, 2023
- Technical analysis on Ethereum for May 26th, 2023. May 26, 2023
- Ichimoku cloud indicator analysis on Gold for May 26th, 2023. May 26, 2023
- GBP/USD Outlook for May 26, 2023 May 26, 2023
- GBP/USD: overview and near-term outlook May 26, 2023
Overview
The USD/JPY pair has been trading positively since yesterday. It surpassed 104.00 barrier and settled above it, which supports continuation of our bullish trend expectations efficiently for the upcoming period. The way is open for the price to head towards our main target located at 106.63. Therefore, we are waiting for more positive trading on the intraday and short term basis. Note that breaking the 102.85 level will invalidate the positive scenario temporarily and push the price to test 100.70 areas before any new attempt to rise. The expected trading range for today is between 103.20 support and 105.50 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: