Permanecer 
Condiciones de negociación
Products
Herramientas
USDJPY has been drifting sideways for the last 24-36 hours roughly between the range of 129.00 to 129.50. It might push through the 129.80-130.00 range before finding resistance and turning lower again. Bears will be poised to hold prices below 130.80 to keep the structure intact and drag towards 127.00 and 125.50 in the near term.
USDJPY has carved a down trade cycle between 131.34 and 127.51 in the past few trading sessions as seen on the 4H chart here. Also, note that recent downswing is between 130.81 and 127.51 respectively. Prices have retraced from the above downswing through 129.50-60 range, which is also the 0.618 Fibonacci level (129.57) projected here.
A high probability remains for a turn lower from here. Then, the price may continue through 126.50 and 125.50 as the next potential Fibonacci extensions marked on the chart. The above bearish structure would turn void only if prices break above 130.80 and broadly above 131.34 going forward. Traders might prepare to initiate fresh short positions now.
Potential drop through 125.50 against 132.00
Good luck!
¡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.
Podemos utilizar cookies para analizar los datos de nuestros visitantes, mejorar nuestro sitio web y medir el rendimiento de la publicidad. En general, estos datos se utilizan para ofrecer una mejor experiencia en el sitio web. Más información.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
