USDJPY

The medium-term outlook is still for lower with 102.50 the prime target area or support. However, on the 8-hour timeframe we can see the 78.6% pullback level acting at support.

USDJPY

Moving down to the 1-hour and a move to 103.55-103.46 would form a bullish Bat and offer a temporary move higher towards 105.00-105.40 (to form leg BC in the higher timeframe).

The analysis, data and visual graphic charts or pictures contained herein are provided “as is” and without warranty of any kind, either expressed or implied. Educate2accumulate, contractors or employees, or any third-party data provider, shall not have any liability for any loss sustained by anyone who has relied on the information contained in any Educate2accumulate publication. All products and services of Educate2accumulate are sold as information services for investors and traders and are not personal recommendations to buy or sell securities or any other type of investment, nor an offer to buy or sell securities or any other type of investment. The publishers of Educate2accumulate and all other products and services of Educate2accumulate are not brokers and are not acting in any way to influence the purchase or sale of any security. All opinions expressed herein are subject to change without notice, and you should always obtain current information and perform due diligence before trading. Past performance is not a guarantee of future results. The Subscriber to Educate2accumulate educational service agrees they will not hold Educate2accumulate or any of its employees, partners, and/or affiliates liable for any trading decisions or actions taken by the Subscriber based directly on the educational posts placed in the live trading room. We recommend that anyone trading financial markets should do so with caution and consult with a qualified independent financial advisor or professional investment consultant before doing so. Trading can be a risky proposition, and traders may lose more than their original account deposit. The act of subscribing to this website acknowledges your agreement to the terms and conditions stated herein.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD eyes 0.7100 on Inverted H&S breakout

AUD/USD eyes 0.7100 on Inverted H&S breakout

The AUD/USD pair has witnessed a minor pullback after hitting a high of 0.7072 in the New York session. Earlier, the aussie bulls displayed a firmer rally after recording a fresh yearly low of 0.6829 last week.

AUD/USD News

EUR/USD retains gains and hovers near 1.0600

EUR/USD retains gains and hovers near 1.0600

EUR/USD peaked at 1.0607, now trading in the 1.0580 price zone. The rally was all about the broad greenback’s weakness despite demand for safety continues. Soft US data added to the bullish case.

EUR/USD News

Dollar’s sell-off underpins gold

Dollar’s sell-off underpins gold

Gold is up to on Thursday, trading above $1,840 after hitting an intraday high of $1,849.18. The dollar changed course after soaring on Wednesday and is in franc decline across the FX board. However, action in stock markets is choppy. 

Gold News

Cardano is still on pace to retest $0.40, but bears shouldn't get too excited

Cardano is still on pace to retest $0.40, but bears shouldn't get too excited

Cardano is on professional traders' urgent watchlist as the digital asset could enter a mid-term bottom in the $0.45 zone before rallying upwards towards $0.60. ADA, like several cryptos, has been in a steep bear rally, which demands the need for balance and proportion.  

Read more

Warning signs in China's economic outlook as COVID-19 spreads

Warning signs in China's economic outlook as COVID-19 spreads

New variables both within and outside of China in 2022 have placed the country's economy under new pressure. In the first quarter, its economic growth rate was only 4.8%, which was 0.7 percentage points lower than the annual economic growth target of 5.5%.

Read more

Majors

Cryptocurrencies

Signatures