JPY Forecast 1Q-2020: USD/JPY – From Bullish to Bearish

In mid-2015, uptrend transfer led USD/JPY to 125.85. In Q1-16, the worth broke under the neckline of the top and shoulders sample positioned at 116.25. This began a downtrend transfer and led the pair in mid-2016 to 98.98 – its lowest stage in almost three years. The value rallied after as sellers exited the market nonetheless, continued creating decrease highs.

USD/JPY Month-to-month Chart

USDJPY Monthly Chart

USD/JPY – Trendless Transfer

Trying on the month-to-month chart, we discover that by the tip of Q1-18, USD/JPY corrected its draw back transfer and created the next low at 104.63. Since then, the pair has consolidated buying and selling in a tough 1000 pips vary. Subsequently, the worth would wish a break above 114.73 or under 104.74 to finish present sideways transfer.

JPY Forecast

JPY Forecast

Really helpful by Mahmoud Alkudsi

Get our Complete 1Q-2020 Yen Forecast

Written By: Mahmoud Alkudsi

Please be happy to contact me on Twitter: @Malkudsi

Clickbank Promo Tools
Wiadforex is a big online financial news, technical, fundamental analysis, trade ideas, option and educational site with a focus on Nigeria, Africa and world in general. This is an independent online forex platform. That is publish by Wiad Consultancy Services

Leave a Reply

Your email address will not be published. Required fields are marked *

Recommended Clickbank Products