Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

USDJPY completes the down and up lap

A.R Chowdhury by A.R Chowdhury
February 28, 2022
Reading Time: 2 mins read
0
USDJPY completes the down and up lap

USDJPY

USDJPY moved up to test the 200H MA and swing highs

The USDJPY has moved lower on flows into the safety of the JPY in the Asian session.

However, after moving to the lowest level since February 3, and approaching the 100 day moving average at 114.34 (the low reached 114.405), the sellers turned the buyers against the key risk defining level.

The move back higher in the London morning session took the price back toward a swing area between 114.69 and 114.782. In the early New York session, the strong buying of the US dollar has helped to push the USDJPY even higher.

The price is now retraced all of the declines from the Asian session, and is up testing the 200 hour moving average at 115.16 (the price high just reached 115.174). The 38.2% retracement is also in the area at 115.141. The high price from yesterday reached 115.194, and the high from Tuesday and the week reached 115.23.

So there is a lot of topside resistance between 115.14 and 115.23. As a result, there could be sellers against the area with stops on a break of 115.23. All the area and a move back toward the 100 hour moving average at 114.926 would be eyed.

Alternatively, a break above would target the 50% midpoint of the move down from the February high which cuts across at 115.369.

ADVERTISEMENT – CONTINUE READING BELOW

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
USDCAD moves outside of the up and down trading range and runs toward upside swing area

USDCAD moves outside of the up and down trading range and runs toward upside swing area

GBPUSD trades to a new session low. Moves into key swing area on the daily chart.

GBPUSD trades to a new session low. Moves into key swing area on the daily chart.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

GBPUSD falls to lowest level since July 27

August 15, 2021

WTI crude oil futures settle at $41.04

July 28, 2020
NZDUSD moves into swing area on daily chart

NZDUSD moves into swing area on daily chart

June 4, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.