LAR show 662nd: USDJPY Catapults to Resistance




Dale was calling for USDJPY 110.50 to 1.11 on Monday which has manifested. The momentum is a bit strong here to short as the RSI hits 80 on the 4 hour time frame.


-------

Join us for a unique Forex experience in the FXStreet’s Live Forex Room. The #FXroom is the new Online TV channel 100% Forex. Check the schedule and come!

Daily Schedule

8:00 - 9:00 GMT (4:00 –5:00 EST) Live Europe Market Open
  • Trade and Follow European opening bell with Yohay Elam and ForexCrunch
10:00 - 11:30 GMT (6:00 - 11:30 EST) The Finance Show
  • London online video show covering financial trading and sports with the TipTV team
13:00 – 15:00 GMT (9:00 – 11:00 EST) Live Analysis Room
  • US opening, sharing charts and strategies in community and top traders interviews with Dale Pinkert

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD clings to gains above 1.0750 after US data

EUR/USD clings to gains above 1.0750 after US data

EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.

EUR/USD News

GBP/USD declines below 1.2550 following NFP-inspired upsurge

GBP/USD declines below 1.2550 following NFP-inspired upsurge

GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.

GBP/USD News

Gold struggles to hold above $2,300 despite falling US yields

Gold struggles to hold above $2,300 despite falling US yields

Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.

Gold News

Bitcoin Weekly Forecast: Should you buy BTC here? Premium

Bitcoin Weekly Forecast: Should you buy BTC here?

Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.

Read more

Week ahead – BoE and RBA decisions headline a calm week

Week ahead – BoE and RBA decisions headline a calm week

Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.

Read more

Majors

Cryptocurrencies

Signatures