USD/JPY Momentum Fading, EUR/JPY Rising Wedge in Focus

Japanese Yen, USD/JPY, EUR/JPY – Technical Update: Will the Japanese Yen hold its ground at resistance? USD/JPY is struggling as momentum is fading EUR/JPY eyeing imminent Rising Wedge breakout Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The US Dollar continues struggling to make further upside progress against the Japanese Yen. Resistance has been

کد خبر : 395771
تاریخ انتشار : پنجشنبه ۹ شهریور ۱۴۰۲ - ۵:۰۵
USD/JPY Momentum Fading, EUR/JPY Rising Wedge in Focus


Japanese Yen, USD/JPY, EUR/JPY – Technical Update:

  • Will the Japanese Yen hold its ground at resistance?
  • USD/JPY is struggling as momentum is fading
  • EUR/JPY eyeing imminent Rising Wedge breakout

Recommended by Daniel Dubrovsky

Get Your Free JPY Forecast

The US Dollar continues struggling to make further upside progress against the Japanese Yen. Resistance has been firmly reinforced around 146.56 over the course of August. Now, negative RSI divergence shows that upside momentum is increasingly fading. This can at times precede a turn lower, opening the door to a drop to the 20-day Moving Average (MA).

Breaking under the latter could open the door to a near-term bearish technical bias. But, the broader uptrend is being upheld by rising support from March. Still, getting there entails clearing past the 141.95 inflection point. Otherwise, extending higher from here and clearing 146.56 exposes the 61.8% Fibonacci extension level of 148.27.

Recommended by Daniel Dubrovsky

How to Trade USD/JPY

Chart Created in TradingView

Meanwhile, the Euro is showing more aggression against the Japanese Yen. But, here too are a couple of bearish warning signs. EUR/JPY is trading within the boundaries of a Rising Wedge chart formation. This is typically a bearish pattern. A breakout lower could open the door to an extended reversal. That would place the focus on the 50-day Moving Average.

Whichever the direction, a breakout looks imminent om the next 24 – 48 hours. Clearing lower and the 50-day MA places the focus on the 23.6% Fibonacci retracement level of 153.47, followed by the July low of 151.41. Otherwise, pushing higher places the focus on the midpoint of the Fibonacci extension at 161.




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily -5% 8% 5%
Weekly 2% 16% 13%

image2.png

Chart Created in TradingView

— Written by Daniel Dubrovsky, Senior Strategist for DailyFX.com





لینک منبع : هوشمند نیوز

آموزش مجازی مدیریت عالی حرفه ای کسب و کار Post DBA
+ مدرک معتبر قابل ترجمه رسمی با مهر دادگستری و وزارت امور خارجه
آموزش مجازی مدیریت عالی و حرفه ای کسب و کار DBA
+ مدرک معتبر قابل ترجمه رسمی با مهر دادگستری و وزارت امور خارجه
آموزش مجازی مدیریت کسب و کار MBA
+ مدرک معتبر قابل ترجمه رسمی با مهر دادگستری و وزارت امور خارجه
ای کافی شاپ
مدیریت حرفه ای کافی شاپ
خبره
حقوقدان خبره
و حرفه ای
سرآشپز حرفه ای
آموزش مجازی تعمیرات موبایل
آموزش مجازی ICDL مهارت های رایانه کار درجه یک و دو
آموزش مجازی کارشناس معاملات املاک_ مشاور املاک

برچسب ها : ، ، ، ، ، ،

ارسال نظر شما
مجموع نظرات : 0 در انتظار بررسی : 0 انتشار یافته : ۰
  • نظرات ارسال شده توسط شما، پس از تایید توسط مدیران سایت منتشر خواهد شد.
  • نظراتی که حاوی تهمت یا افترا باشد منتشر نخواهد شد.
  • نظراتی که به غیر از زبان فارسی یا غیر مرتبط با خبر باشد منتشر نخواهد شد.