USD/JPY quotes are consolidating

17 December, 2018

  • Prev Open: 113.535
  • Open: 113.336
  • % chg. over the last day: -0.22
  • Day's range: 113.301 – 113.520
  • 52 wk range: 104.56 – 114.56

The safe haven currency stabilized. The USD/JPY quotes are consolidating. The local support and resistance levels are 113.350 and 113.500. A technical correction is highly probable soon. The financial market participants are waiting for the Bank of Japan meeting on December, 20. You should open positions from the key levels.

The Economic News Feed for 17.12.2018 is calm.

Indicators do not provide precise signals, the price fixed between 50 MA and 200 MA.

The MACD histogram is around 0.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which points towards a bearish mood.

Trading recommendations
  • Support levels: 113.350, 113.150, 112.900
  • Resistance levels: 113.500, 113.700

If the price fixes below the local support 113.500, expect further growth towards 113.700-114.000.

Alternatively, the quotes can correct toward 113.000-112.800.


Source link   Presented by JustForex

USD/JPY recovers to 107 area

10-year US T-bond yield extends slide, drops below 2%. US Dollar Index stays calm near the 96 mark. Fed's Williams & Bostic, FOMC Chairman Powell...

Oscillates in a familiar trading range

The USD/JPY pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early European session on...

USD/JPY climbs to 1-week tops

Improving risk sentiment dents the JPY's relative safe-haven status. The USD remains supported by a solid rebound in the US bond yields. Focus now shifts...


USD/JPY backs away from highs

US Dollar Index retreats toward 97 area. Nikkei Manufacturing PMI in Japan improves slightly in March. Coming up: Retail sales and manufacturing...

USDJPY Jumps As UK Rejects No-Deal Brexit

The UK parliament rejected a no-deal Brexit on Thursday evening. This leads to speculation that the UK might formally ask the EU for an extension...

On Wednesday Yen slips in Asia

On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries...


USD/JPY keeps showing a negative trend

Since the beginning of the week, USD/JPY fell by 100 points. The currency pair is close to the round 109.000 with 109.550 acting as the closest...

USD/JPY started to grow after a long descent

Yesterday the quotes grew by 100 points and updated the local maximums. Right now the safe haven currency is consolidating and has good prospects...

USD/JPY in an aggressive sell-off

During the trading yesterday, the yen grew by more than 1% against the USD. The quotes reached 111.000 and can descend further. The local resistance...

  


Share it on:   or