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 ticks to a new week low

A.R Chowdhury by A.R Chowdhury
March 4, 2022
Reading Time: 2 mins read
0
USDJPY ticks to a new week low

USDJPY

USDJPY on the hourly chart

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

The USDJPY has ticked to a new week low taking out the lows from Tuesday near 114.69. The not so good news is the low price just reached 114.68. That may disappoint sellers and lead to corrective probing. A move back above 114.85 will be eyed. Move above and we could see more upside corrective probing now.

Earlier today in a post, the pair was testing the 100/200 hour MAs. I wrote at the time:

“A move below the 200 hour MA would increase the bearish bias for the pair with the broken 38.2% of the move down from the Feb 10 high at 115.14 as the next target, followed by the 115.00 natural support. A swing area cuts across at 114.945 to 115.00 as well. Move below those levels and the door opens for more downside momentum.”

All those targets were broken, and it did open the door for more selling. The low for the week is the natural next target. Move below it, and traders will next be focused on the lows from last week at 114.492 and 114.405. Between those levels is the 100 day MA at 114.43.

It is Friday, and tensions remain at “red hot” levels over the weekend.

The US stocks are off lows but are still showing:

  • Dow -436 points or -1.26% at 33371
  • S&P -62 points or -1.41% at 4302.04
  • Nasdaq -251 points or -1.86% at 13284

In the US debt market, yields are sharply lower with the 10 year down around 14 bps. That too is helping the USDJPY sellers today.

Yields

US yields are lower
ADVERTISEMENT – CONTINUE READING BELOW

Source link

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
AUDUSD moves higher and away from the 200 day MA (again)

AUDUSD moves higher and away from the 200 day MA (again)

GBPUSD moves to new lows and looks toward 2021 lows

GBPUSD moves to new lows and looks toward 2021 lows

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended Stories

USDJPY continues its fall lower. Range for the day is larger than the range from last week’s trading.

USDJPY continues its fall lower. Range for the day is larger than the range from last week’s trading.

September 14, 2020

NZDUSD trades to a new high and back above the 100 hour MA

April 12, 2022
Gold rebounds and retests the falling 100 hour MA

Gold rebounds and retests the falling 100 hour MA

March 17, 2022

Popular Stories

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

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

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

    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.