EURUSD* The technical cross-section**: Trend: 1 A strength of trend: 2 Overbought/oversold: none The priority area of transactions: buying Buying in the area of 1,1800 with a stop below 1,1770 and a profit in the area of 1,1900. Buying in the area of 1,1730 with a stop
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USD/JPY traded with a mild negative bias for the third consecutive session on Thursday.
Bears took cues from declining US bond yields, which capped a modest USD rebound.
Thursday’s better-than-expected US jobless claims did little to provide any impetus.
The USD/JPY pair edged lower during the earl
Hi dear traders . just an idea on what I see this pair on weekly time frame . due to weakness of USD this can be probable to break this symmetrical triangle from down side .if this will happen it could be a very nice short opportunity . on daily time frame also there is mor
USD/JPY's 15-minute chart shows a bearish channel.
A breakout would open the doors for a re-test of Wednesday's high.
USD/JPY is trapped in an expanding descending channel, as seen on the 15-minute chart.
A convincing move above the channel hurdle, currently at 105.57, would confirm the breakout
Overall, USD/JPY is trending downwards. Recently, USD/JPY has been ranging across. USD/JPY’s next support zone is at 104.400 and the next resistance zone of 106.200. Look for selling opportunities of USD/JPY .
Lower channel trendline is also in play
The USDJPY has dipped to a new session low at 105.466. That low was just above its 200 hour moving average at 105.460. The price broke below its 100 hour moving average to get there. That is currently at 105.561.
The 100 and 200 hour moving averages are pr
Authorities of Japan’s Aichi prefecture are likely to announce its own state of emergency, in the face intensifying coronavirus spread, per Kyodo News.
This comes after Aichi confirmed over 2,300 coronavirus cases during the pandemic, with total active cases seen over 1,700.
USD/JPY recovery bets are off as the greenback faces ongoing challenges.
The 100 level is in focus as markets bet in the downside.
USD/JPY is currently trading at 105.72 between a range of 105.71 and 106.19, testing lower territory and down0.2% at the time of writing.
The US dollar is struggling t
Fresh bids emerged at the critical support of 105.50, allowing a tepid bounce in USD/JPY over the last hour. That demand area is the confluence of the bearish 200-hourly Simple Moving Average (HMA) and upward-sloping 100-HMA.The hourly Relative Strength Index (RSI) has rebounded from lows around 35