{"id":34372,"date":"2012-12-16T09:09:33","date_gmt":"2012-12-16T14:09:33","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=34372"},"modified":"2012-12-16T09:09:33","modified_gmt":"2012-12-16T14:09:33","slug":"usdjpy-approaches-significant-support-level-at-81-60","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/16\/usdjpy-approaches-significant-support-level-at-81-60\/","title":{"rendered":"USD\/JPY Approaches Significant Support Level At 81.60"},"content":{"rendered":"<p>Source: <a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&amp;mid=888&amp;cid=15844&amp;zid=15873\" target=\"_blank\"><u>ForexYard<\/u><\/a> <\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/plugins\/profile-pic\/default.jpg\" width=\"120\" alt=\"printprofile\" \/><\/p>\n<p>The <a href=\"http:\/\/www.forexyard.com\/en\/trading\/usd-jpy\">USD\/JPY<\/a> pair saw a very strong bullish trend in February, reaching as high as the 83.96 level. However, once the pair climbed towards almost 84.00, a sudden correction took place which was only stopped at the 81.60 level. Currently, the pair is once again testing the significant <a href=\"http:\/\/www.forexyard.com\/en\/price-support-levels\">support level<\/a>, if it falls below it, another sharp depreciation may take place.<span id=\"more-13429\"><\/span><\/p>\n<p>\u2022 The chart below is the USD\/JPY 4-hour chart by <a href=\"http:\/\/www.forexyard.com\/\">ForexYard<\/a>.<br \/>\n\u2022 By February 4th the pair saw a strong bullish move, which was sharply reversed on February 16th. During the bearish correction, the pair has erased almost all of its gains.<br \/>\n\u2022 The Slow <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic<\/a> has lately completed a bearish cross, signaling that another downward movement could take place soon.<br \/>\n\u2022 The <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">RSI<\/a> has recently climbed above the 30-line, just to fall below it again shortly after. This indicates that the bullish momentum was very poor, and that another bearish session is likely to take place.<br \/>\n\u2022 There is a very strong support level placed at 81.60. If the pair will fall below the support level, it is likely to drop towards the 81.30 level, followed by the 81.10 level.<br \/>\n\u2022 The next <a href=\"http:\/\/www.forexyard.com\/en\/price-resistance-levels\">resistance levels<\/a> are placed at the 82.00, 82.30 and 82.55 levels.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/02\/USD-JPY.bmp\" alt=\"USD JPY\" class=\"alignnone size-full wp-image-13430\" \/><\/p>\n<p> <strong><a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&amp;mid=888&amp;cid=15844&amp;zid=15873\" target=\"_blank\"><u>Forex Market Analysis provided by ForexYard.<\/u><\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: ForexYard The USD\/JPY pair saw a very strong bullish trend in February, reaching as high as the 83.96 level. However, once the pair climbed towards almost 84.00, a sudden correction took place which was only stopped at the 81.60 level. Currently, the pair is once again testing the significant support level, if it falls &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/16\/usdjpy-approaches-significant-support-level-at-81-60\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Approaches Significant Support Level At 81.60&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-34372","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=34372"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34372\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=34372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=34372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=34372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}