FUND Sell 21.10.2020 12:20
USD/JPY: general analysis
The USD/JPY pair started the week with growth attempts but so far, it has corrected downward and is trading at 104.90.
FUND Sell 20.10.2020 08:41
USD/JPY: the pair is correcting upward
USD/JPY is correcting upward, trading at 105.53. The Japanese currency is weakening due to the negative reaction of investors to the data on Japan's foreign trade. The volume of exports amounted to -4.9% against the background of expectations of -2.4%, while the volume of imports for September slightly improved to -17.2% from -20.8% for August.
FUND Buy 19.10.2020 09:05
USD/JPY: waiting for new drivers
USD demonstrates slight gains against JPY at the start of the new trading week, testing 105.50 for a breakout. The market situation changes little, so investors continue to exercise additional caution, which leads to an increase in demand for safe assets.
TECH Buy 14.10.2020 07:43
USD/JPY: wave analysis
The pair may grow.
On the daily chart, the wave C of the higher level develops, within which the wave 1 of (1) of C formed. Now, a downward correction has developed as the wave 2 of (1), and the formation of the wave 3 of (1) has started, within which the first entry wave of the lower level (i) of i of 3 is developing. If the assumption is correct, the pair will grow to the levels of 108.14–109.84. In this scenario, critical stop loss level is 104.90.
TECH Sell 13.10.2020 10:46
USD/JPY: technical analysis
On the 4-hour chart, there is a correction of the downward movement. The instrument is trading in the area of the lower border of Bollinger bands, the indicator cloud has expanded, which indicates a possible resumption of the decline after the completion of the correction, in the short term.