Economic Calendar
On Thursday, at 12:15 GMT, the ADP Non-farm Employment Change might cause a move.
However, the top employment data publication of them all will happen on Friday. At 12:30 GMT, the US official monthly employment data sets will be published.
USD/JPY hourly chart analysis
An extension of the ongoing decline is expected to first look for support in the 143.00 mark and the combination of the 142.50 level and the weekly S2 simple pivot point.On the other hand, a surge would have to break the ascending channel pattern and the 144.00 level. Higher above, take into account the weekly S1 simple pivot point at 144.29, which could slow down the rate, before it reaches a major cluster of resistance. Near the 145.00 mark, there are three hourly simple moving averages and the weekly simple pivot point at 145.27.
Hourly Chart
USD/JPY daily candle chart analysis
On the daily candle chart, the price has resumed its decline and could soon look for support in the early August low level near 142.00.Read More: Technical Analysis
Traders add to long positions
On Monday, Dukascopy traders positions were bullish, as open position volume was 67% long.
Meanwhile, pending orders in the 100-point range around the rate were 56% to buy.
On Thursday, open position volume was 73% long and pending orders were 60% to sell.
Meanwhile, pending orders in the 100-point range around the rate were 56% to buy.
On Thursday, open position volume was 73% long and pending orders were 60% to sell.