USD/JPY analysis for November 11, 2015

11 November, 2015

In general the pair USD/JPY has a positive mood. The US currency was supported by the Fed statement which confirmed the expectations validity about the Fed interest rates growth at the December meeting.

Meanwhile, the pair USD/JPY was stable during the day, still the dollar could not resist, so that quotations played out growth, having decreased to the below the level of 123.20. The pair started a consolidation here.

The price is finding the first support at 122.40, the next one is 121.30. The price is finding the first resistance at 123.20, the next one is at 123.80.

There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows an upward movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The price is consolidating.

Trading recommendations

The buyers need to break above 123.20 for a steady growth. The way to the mark 123.80 will be opened after this breakthrough.


Source   Presented by Fort Financial Services
USDJPY Daily: Bulls gaining momentum6 Jul, 2020  

The USDJPY currency pair, on the D1 time-frame, was in a downward spiral until June 23 when a lower bottom was reached at 106.071. Buyers found...

USDJPY Daily: Bears dominating the market22 Jun, 2020  

The USDJPY currency pair, on the D1 time frame was in an uptrend until June 5 when a higher top was reached at 109.848. Supply overwhelmed demand and...

Yen underwhelmed as BOJ jumps on unlimited bandwagon27 Apr, 2020  

The Japanese Yen initially breached the 107.3 level against the US Dollar, only to pare gains, after the Bank of Japan pledged unlimited buying of government bonds...


Buyers might be gaining the upper hand30 Mar, 2020  

The USDJPY currency pair, on the D1 time-frame, made a brief descending interchange until March 9 when a lower bottom was recorded at 101.178...

Japanese yen flies into the abyss19 Feb, 2020  

Macro data published this week of the Japanese economy finally hit the Japanese yen: at the beginning of the week it was a report on GDP, today in terms...

Yen Gains as Shinzo Abe Launches $121 Billion Stimulus6 Dec, 2019  

The Japanese yen strengthened slightly against the EUR as the markets reflected on the new stimulus package by Shinzo Abe. The $121 billion stimulus...


Currency Point: USDJPY multi-time framed29 Nov, 2019  

There are further signs in currencies that risk trading is facing fatigue and there is growing signs a short period...

USD/JPY eases from 2-month tops16 Oct, 2019  

Fading safe-haven demand continued weighing on the JPY and provided a goodish lift on Tuesday. The ongoing slide in the US bond yields...

Yen flexes bullish muscles3 Oct, 2019  

Everyone wanted a piece of the Japanese Yen on Wednesday after disappointing ADP payroll data from the United States and gloomy outlook on trade...