FX Trading Revolution Team
FX Trading Revolution
The USDJPY currency pair yesterday reached the light HFT buying pressure zone which was noted at 107.39 and below.
After initially rebounding from this area, USDJPY then made another bearish attempt and reached the medium HFT buying pressure zone which was yesterday noted at 106.765 and below. All bearish attempts were stopped here and USDJPY also closed the day inside of the medium HFT buying pressure zone.
Today on USDJPY:
Light HFT selling pressure noted at 107.47 and above. Medium HFT selling pressure noted at 108.644 and above. Strong HFT selling pressure can be seen today at 109.818 and above.
Light HFT buying pressure noted at 106.3 and below. Medium HFT buying pressure noted at 105.126 and below. Strong HFT buying pressure can be seen today at 103.952 and below.
USDJPY Current Trading Positions
High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
ADVISORY WARNING: Any news, opinions, research, data, or other information is provided as general market commentary and does not constitute investment or trading advice. FXTradingRevolution.com expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information.
Recommended Content
Editors’ Picks
EUR/USD holds above 1.0650 after US data
EUR/USD retreats from session highs but manages to hold above 1.0650 in the early American session. Upbeat macroeconomic data releases from the US helps the US Dollar find a foothold and limits the pair's upside.
GBP/USD retreats toward 1.2450 on modest USD rebound
GBP/USD edges lower in the second half of the day and trades at around 1.2450. Better-than-expected Jobless Claims and Philadelphia Fed Manufacturing Index data from the US provides a support to the USD and forces the pair to stay on the back foot.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.