USD/JPY Price Analysis: Bulls are eyeing the 136s for the near future USDJPY Technical Analysis
Bulls remain focused on the 136 area for the next sessions. has had a good run on the day, bursting up into the 135.70s. The market is trending back up into the start of May´s sell-off and a resistance area while being on the front side of the bullish trendline as the following analysis will show:Bulls are testing the prior bullish trendline that would now be expected to act as counter-trend line resistance.In any case, we have a support area between 135.20/50.
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.
Australia Latest News, Australia 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: 133.90 appears a tough nut to crack for Yen pair sellersUSD/JPY Price Analysis: 133.90 appears a tough nut to crack for Yen pair sellers USDJPY Technical Analysis ChartPatterns SwingTrading SupportResistance
Read more »
USD/JPY Price Analysis: Bears are in the market with a view to take out 133.50The Japanese yen has appreciated in recent times while the BoJ removed forward guidance which pledges to keep interest rates at current or low levels.
Read more »
USD/JPY sticks to modest gains, remains below 135.00 amid subdued USD price actionThe USD/JPY pair builds on the overnight goodish rebound from the 133.75 region, or a one-week low. and gains some follow-through traction for the sec
Read more »
EUR/USD Price Analysis: Bulls eye a break of 1.10 the figureEUR/USD was trading 0.05% higher at $1.0986 in the Tokyo opening first half an hour as the bulls attempt to stay on the front side of the hourly micro
Read more »
NZD/USD Price Analysis: Bulls reaching into a key area of resistanceNZD/USD was a string performer overnight, and according to Bloomberg, it remains the best-performing G10 currency week to date. The following, however
Read more »
USD/CAD Price Analysis: Bulls eye 1.3520 while above 1.3470As per the prior analysis, USD/CAD Price Analysis: Bears eye a run to 1.3320 as below key H4 structure, the price has traveled according to the foreca
Read more »