Technical Analysis

USDJPY retraces again to transferring common goal

Shares proceed to provide again positive aspects

The USDJPY has retraced again decrease and within the course of cracked a decrease pattern line and assessments the 100 hour MA.  In an earlier publish, I spoke of the brand new 2019 excessive, however with concern in regards to the failure to push larger (see publish right here).   The considerations had been warranted. The value has moved again decrease.Stocks continue to give back gains

The break again under the pattern line at 109.614 presently, now makes that degree a threat degree for sellers.  The 100 hour MA (blue line) if damaged ought to solicit extra promoting. The pair closed at 109.34. The low simply reached 108.495 (on the 100 hour MA degree).

The US broad indexes are actually buying and selling down on the day:

S&P is down -2.5 pointsNasdaq is down -12 factors

US yields are additionally close to unchanged ranges after being larger earlier within the NY session.

ForexLive


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