Since mid-day on Tuesday, the USD/JPY traded sideways between the support of the 109.60/109.67 zone and the resistance of the 109.91/109.94 zone. Between these two zones, the rate ignored the 61.80% Fibonacci retracement level and the weekly S1 simple pivot point. Economic Calendar On Wednesday, at 19:00 GMT, the US Federal Open Markets Committee is set to publish its Meeting Minutes. The
At mid-day on Tuesday, the USD/JPY passed the support of the 200-hour simple moving average, which kept the rate up since the middle of Friday. During the day's US trading hours, the rate was finding support in technical levels near 109.80. Support was being provided by the weekly S1 simple pivot point at 109.76 and the 61.80% Fibonacci retracement level
Since Wednesday's morning trading hours, the USD/JPY has traded sideways below the 110.80 level. The rate faces a resistance zone from 110.80 to 111.00. In the meantime, the support of the 55-hour simple moving average had caught up with the rate. Economic Calendar The week will end on Friday with the top event, as the US Employment data is set to be
The testing of the 110.50 level's resistance was short, as during one hour it was passed. On Wednesday morning, the USD/JPY had almost reached the 111.00 level before retracing back down. In the meantime, note that the 110.40 and 110.20 levels had provided resistance and support. Economic Calendar On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to
The USD/JPY passed the resistance of the June high at 109.83, where a 61.80% Fibonacci retracement level was located at. Moreover, by the middle of Tuesday's trading, the rate had almost reached the 110.50 level. Namely, the weekly R1 simple pivot point at 110.24 and the 110.00 level failed to stop the surge. Economic Calendar On Wednesday, at 13:15 GMT, the US
The USD/JPY reached the June high level at 109.83 where a 61.80% Fibonacci retracement level is located at. The rate reached the target faster than forecast, as the pair broke the narrow channel up pattern, which had guided the rate before. Afterwards, two attempts to pass the Fibonacci retracement level were made and both failed. By the middle of Monday's
Just before Friday's mid-day European trading hours, the USD/JPY broke the resistance of the 109.25/109.35 zone. Due to that reason, the rate was expected to reach for the resistance levels that were located from 109.73 to 109.83. In the meantime, the currency exchange rate has revealed a narrow channel up pattern, which has guided the rate's surge since the start
The resistance of the 55-hour simple moving average did not hold out on Wednesday. Moreover, by the middle of Thursday's European trading hours, the rate passed the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point. Namely, at mid-day the rate had reached above the 109.00 level and the US Dollar had regained all
The USD/JPY did not need the support of the 50.00% Fibonacci retracement level at 108.35 to recover. The rate found support just above the 108.40 mark and surged to the 55-hour simple moving average, which provided resistance. By the middle of Wednesday's trading, the rate was making another attempt to pass the 55-hour SMA. Economic Calendar On Wednesday, at 13:45 GMT the
The USD/JPY managed to break the resistance line, which guided it down since early February 18. However, the following surge was almost immediately stopped by the resistance of the 55-hour simple moving average. At mid-day on Tuesday, the USD/JPY bounced off the SMA and sharply declined below the support of the 108.75/108.80 support zone, the weekly S1 simple pivot point
The support zone of the 108.75/108.80 level failed, as the USD/JPY clearly passed it on Friday and afterwards began to ignore it. In the meantime, it was spotted on Monday that the 108.60 level provided the rate with support even as early as Thursday. In addition, a descending trend line was added to the chart. The trend line has kept
Throughout this week, the USD/JPY has been trading with high volatility. However, it remained almost sideways, as the rate traded between the resistance zone of 109.25/109.35 and support zone of 108.80/108.75. On Friday morning, the situation had not changed and previous forecasts remained valid. Economic Calendar On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIS could cause moves from 3.0
The USD/JPY was once again testing the resistance zone of 109.25/109.35, as the Federal Reserve mate a rate statement and monetary policy statement, which caused high volatility. Namely, since 18:00 GMT on Wednesday, the pair has been sharply moving between the mentioned resistance zone and the support of 108.80/108.75. Economic Calendar There are no more notable events scheduled for this week.
The attempts to pass the resistance of the 109.25/109.35 zone eventually failed. Afterwards the rate started a decline, which passed the support of hourly simple moving averages and the weekly simple pivot point before reaching the 108.80 level. The 108.80 mark provided support, which resulted in a recovery. Economic Calendar On Wednesday, the US Federal Reserve is set to publish a
Since early Monday's trading hours, the USD/JPY has been testing the resistance zone of the March high levels. However, the rate has been booking higher low levels after each failed attempt to pass the zone. In addition, the support of the 55-hour simple moving average was approaching the rate from below. Economic Calendar On Tuesday, at 12:30 GMT expect the US Retail
The break out from the squeeze of the USD/JPY has resulted in a new 2021 high level. However, after booking the high level, the rate retraced back down to the 109.00 mark. In the near term future, the pair could be pushed up by the hourly simple moving averages. Economic Calendar On Tuesday, at 12:30 GMT expect the US Retail Sales and
The USD/JPY has broken the channel down pattern. Namely, the squeeze between the upper trend line of the pattern and the 50.00% Fibonacci retracement level at 108.35 ended with a break-out to the upside. By the middle of Friday's trading, the rate was reaching for the weekly R1 at 109.23. Economic Calendar On Tuesday, at 12:30 GMT expect the US Retail Sales
The USD/JPY currency exchange rate has been finding support in a 50.00% Fibonacci retracement level at 108.35. In addition, note that a channel down pattern was spotted. Most USD rates have been guided by a channel pattern throughout the week. In the case of the USD/JPY the pattern is capturing a decline of the rate. Economic Calendar The notable data releases
The support of the 55-hour SMA, which pushed the rate up since February 24 has failed at continuing the surge of the USD/JPY. Since late Tuesday's European trading hours, the rate has been trading around the simple moving average. In the meantime, the currency exchange rate was being approached by the support of the 100-hour simple moving average. Economic Calendar On Wednesday,
The USD/JPY surged on Monday without the support of the 55-hour SMA. On Tuesday morning, the rate reached the resistance of the weekly R1, which managed to hold and cause a retracement back down. By the middle of the day, the pair had found support in the mentioned 55-hour SMA and appeared to be about to resume its decline. Economic Calendar On
The USD/JPY has been consolidating by trading sideways, as the pair found resistance at the 108.60 level. The rate could resume its surge, as soon as the 55-hour simple moving average catches up with the rate. Economic Calendar On Wednesday, the US Consumer Price Index data could cause a minor move on USD assets at 13:30 GMT. The USD/JPY has moved from
New high levels have been reached by the USD/JPY the most recent surge was caused by the US Federal Reserve. Namely, a speech made by the head of the Federal Reserve Jerome Powell has caused an all-out surge of the USD. At mid-day on Friday, the rate was testing the resistance of the 108.50 level. Economic Calendar On Wednesday, the US ADP
The surge of the USD/JPY has continued, as on Thursday morning the rate almost reached the 107.40 level. However, a consolidation by trading sideways or declining was highly likely, as the USD had overextended its gains against the JPY. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. However, the market does not
On Wednesday, the USD/JPY was being supported by the 55-hour simple moving average, which was pushing the rate up. It was expected that the rate would most likely reach new high levels. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. However, the market does not care, as since December 2 the rate