Last Update At 17 May 2019 00:24GMT

Trend Daily Chart

Daily Indicators



Trend Hourly Chart

Hourly Indicators
Easing fm o/bot



Daily Analysis
Marginal gain b4 retreat

110.97 - May 06 high
110.28 - Last Mon's low (now res)
110.05 - Last Fri's high

109.34 - Y'day's low
109.02 - Mon's fresh 3-month low
108.84 - 100% proj. of 112.39-110.28 fm 110.95

  • USD/JPY - 109.83.. Dlr traded sideways in subdued Asian morning b4 climbing in Europe due to renewd usd's strength, price later hit sessions highs of 109.97 in NY after upbeat U.S. data n rebound in U.S. Treasury yields.

  • Looking at the bigger picture, dlr's fall fm 118.66 (Dec 2016) to 107.32 in 2017 (Sep) confirms uptrend fm 2016 29-month bottom at 99.00 has made a top. Despite a strg rise fm 2018 16-month bottom at 104.57 to 114.55 in Oct, subse- quent flash crash to a 9-month low at 104.79 in early Jan suggests correction is over. However, dlr's erratic rise to a 4-month high at 112.39 in Apr indicates choppy trading abv 104.57 would continue n said move fm 104.79 may head twd 113. .38 (50% proj. of 104.79-112.14 projected fm 109.71). Having said that, dlr's dec line to a 3-month low at 109.02 Mon on U.S.-China trade tensions indicates temp. top is made n would head to 108.50 but 107.69 (61.8% r) should hold in May. 

  • Today, despite dlr's anticipated rise fm 109.02 (Mon) to 109.97, as this move is seen as retarcement of recent decline, reckon prev. res at 110.05 would cap intra-day gain due to minor 'bearish divergences' on hourly indicators. Below 109.34 would re-test 109.02, then 108.50 next week. Abv 110.28, 110.65/70



Interested in USDJPY technicals? Check out the key levels

    1. R3 110.74
    2. R2 110.35
    3. R1 110.1
  1. PP 109.72
    1. S1 109.46
    2. S2 109.08
    3. S3 108.83


Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex Analysis

Editors’ Picks

EUR/USD consolidating gains ahead of all-important ECB decision

EUR/USD is trading above 1.12 but off the two-month high of 1.1257. Tension is mounting ahead of the ECB decision, where Lagarde is set to announce additional QE, potentially worth €500 billion. 


GBP/USD pressured below 1.2550 amid Brexit concerns

GBP/USD is trading below 1.2550, off the highs. The BOE is ramping up preparations for a no-trade-deal Brexit amid deadlocked talks. The market mood is balanced as US protests have calmed.


Forex Today: Dollar struggles to recover as US protests calm, data beats, all eyes on ECB stimulus

The market mood remains moderately upbeat amid a sense of calm in US protests and after relatively upbeat US economic data leading toward Friday's jobs report. The European Central Bank's rate decision is left, right, and center, with additional bond-buying expected.

Read more

Gold: Bounces back above $1,700 to keep buyers hopeful

Gold prices recover from immediate support line, 50-day SMA. The yellow metal’s failure to close below 50-day SMA, not to forget a six-week-old ascending support line keeps the buyers hopeful. Risk reset, cautious mood ahead of the ECB also favors the buyers.

Gold News

WTI retraces within an immediate triangle around $37.00

WTI seesaws near three-month high inside a two-day-old symmetrical triangle. The black gold rose to the highest since March 11 the previous day but MACD’s weakness dragged it back from $38.30.

Oil News

Forex Majors