Rene Remsik
Atlantis Capital Group
USDJPY is in the uptrend for more than a half year, and now it's showing a trading signal on the continuation of that trend. The market made a fair correction from 114.347 resistance and now it got to a strong support, where we can expect a bullish reaction. Strong support and trendline are what stopped the correction on USDJPY. Divergence is what's supporting this idea of USDJPY to continue upwards. Potential move upwards is at least to 112.855, but there is a high probability that the market is going to retest last high 114.549.
Recommended entry: 112
Stop-loss: 111.5
Take-profit: 112.85
All analyses, signals, and blogs showed above are written by René Remsik and represent opinions and views on financial markets by Atlantis Capital Group. Information we provide is mostly predictions and forward-looking statements which involve risk and may prove wrong in the future, so you should do your own research before making any decisions. Trading with leverage is risky and may cause a loss of 100% of the trading capital. All the articles wrote above are neither an offer nor a recommendation to purchase or sell any financial instrument. René Remsik is not a registered securities advisor and you are 100% responsible for all the decisions you make.
Recommended Content
Editors’ Picks
EUR/USD consolidates weekly gains above 1.1150
EUR/USD moves up and down in a narrow channel slightly above 1.1150 on Friday. In the absence of high-tier macroeconomic data releases, comments from central bank officials and the risk mood could drive the pair's action heading into the weekend.
GBP/USD stabilizes near 1.3300, looks to post strong weekly gains
GBP/USD trades modestly higher on the day near 1.3300, supported by the upbeat UK Retail Sales data for August. The pair remains on track to end the week, which featured Fed and BoE policy decisions, with strong gains.
Gold extends rally to new record-high above $2,610
Gold (XAU/USD) preserves its bullish momentum and trades at a new all-time high above $2,610 on Friday. Heightened expectations that global central banks will follow the Fed in easing policy and slashing rates lift XAU/USD.
Week ahead – SNB to cut again, RBA to stand pat, PCE inflation also on tap
SNB is expected to ease for third time; might cut by 50bps. RBA to hold rates but could turn less hawkish as CPI falls. After inaugural Fed cut, attention turns to PCE inflation.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.