01.11.201922:15 Forex Analysis & Reviews: USDJPY remains inside bullish channel despite end of the week pull back

Análisis a largo plazo

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

USDJPY is holding above 108 respecting the medium-term bullish channel since the end of August. Price should continue higher as long as we trade above last week's lows. This is still considered as a buying opportunity and a corrective pull back inside a bullish trend.

Green lines - bullish channel

Blue line - long-term resistance trend line

USDJPY is bouncing off the lower channel boundary. Support is key at 108 area and as long as price is above we remain bullish looking for a move closer to the long-term resistance trend line at 110.50. Important resistance level that must be broken in order to push closer to 110.50 is at 109.10.

Green rectangle - major support area

Green line - support trend line

Red arrows - reversal points in time inside the green rectangle

Blue line - long-term resistance

USDJPY has formed a major low and important support area around 104. Price as expected has moved towards 108.50 since then and back at that time we were targeting the blue downward sloping trend line. We continue to see the blue trend line as the most probable target. Price continues to make higher highs and higher lows. This week's low is very important for bulls as they do not want to see a weekly close below it, in order to remain in control of the short-term trend.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.