fxs_header_sponsor_anchor

News

USD/JPY - Buy the dips

Karen Jones, Head of FICC Technical Analysis at Commerzbank, favors buying the dips in the USD/JPY pair. 

Key quotes

USD/JPY attention is on the 114.38/82 major resistance. Dips lower should find initial support at the 200-day ma at 111.67 ahead of the base of the cloud at 111.03. We note the TD set up on the intraday charts and 13 counts on the 240-minute chart and will wait and buy the dips.

Where are we wrong? Below the cloud, we remain unable to rule out losses to extend to the 78.6% retracement at 108.90.

Short-Term Trend (1-3 weeks): Approaching the 2015-2017 resistance line.

Long-term trend (1-3 months): Is trying to bottom out but so far remains range bound.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2026 FOREXSTREET S.L., All rights reserved.