{"id":113669,"date":"2017-09-28T01:34:37","date_gmt":"2017-09-28T05:34:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=113669"},"modified":"2017-09-28T01:34:37","modified_gmt":"2017-09-28T05:34:37","slug":"daily-market-report-usdjpy-the-battle-intensifies-september-28-2017","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/daily-market-report-usdjpy-the-battle-intensifies-september-28-2017\/","title":{"rendered":"Daily Market Report -USD\/JPY The Battle Intensifies September 28, 2017"},"content":{"rendered":"
September 28, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

USD\/JPY Fighting For More Gains<\/strong><\/p>\n

The USD\/JPY is trading in the green on the short term and tries to extend the latest gains. Price is approaching the 113.25 yesterday’s high and a strong dynamic resistance level. Technically, it should reach new highs in the upcoming days as the USDX climbs higher and because the Yen is punished by the Nikkei’s potential further increase.<\/p>\n

Th currency pair continues to be trapped within an extended sideways movement, we’ll see how will react when will reach the upside line of this pattern.<\/p>\n

The Nikkei stock index rallied aggressively in the yesterday’s session and closed the morning gap down. The index continues to move somehow sideways on the daily chart, but continues to stay above the 20320 previous highs. A further Nikkei’s increase will force the Yen to lose more ground versus all its rivals. The BOJ Kuroda’s speech may bring some action on the USD\/JPY later, so you should be careful.<\/p>\n

\"28usdjpy\"<\/a><\/p>\n

Price increased and managed to stay above the median line (ml) of the minor blue ascending pitchfork. Could come to retest the first warning line (wl1) of the black ascending pitchfork. The next major upside target will be at the 23.6% retracement level, only a valid breakout will confirm a further increase in the upcoming period. Technically is somehow expected to stay above the median line (ml) of the blue ascending pitchfork. Only a failure to stabilize above the broke dynamic resistance will signal a minor drop.<\/p>

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AUD\/USD More Drop To Come<\/strong><\/p>\n

\"28audud\"<\/a><\/p>\n

The AUD\/USD drops as expected and erases everything in its way. Is trading in the red and is expected to drop further after the breakdown below the median line (ml) of the minor descending pitchfork. Technically, it should approach the lower median line (lml) of the descending pitchfork, but it could find support at the first warning line (WL1) of the major ascending pitchfork.<\/p>\n

Gold Crucial Breakdown<\/strong><\/p>\n

\"28gold\"<\/a><\/p>\n

The yellow metal drops further on the short term and is almost to take out the major support from the confluence area formed at the intersection between the WL1 with the 38.2% retracement level. A valid breakdown below this confluence will accelerate the sell-off, the next target will be at the sliding parallel line (SL).<\/p>\n

By Olimpiu Tuns –\u00a0<\/strong>Market Analyst<\/strong><\/p>\n

\"Profil1\"<\/a><\/p>\n

Short Bio:\u00a0I graduated a Master in Business Administration, I am a Market Analyst \/ Trader on Financial Markets (forex, commodities, futures, options) for more than 6 years, I use technical and fundamental analysis for my daily activity.<\/p>\n

Risk Disclaimer:<\/span><\/em><\/p>\n

Trading, in general, is very risky and is not suited for everyone. There is always a chance of losing some or all of your initial investment\/deposit, so do not invest money you can’t afford to lose. You are strongly advised to carry out your independent research before making any trading decisions.\u00a0 All the analysis, market reports posted on this site are only educational and do not constitute an investment advice or recommendation to open or close positions on international financial markets. The author is not responsible for any loss of profit or damage which may arise from transactions made based on any information on this website.<\/span><\/em><\/p>\n

The post Daily Market Report -USD\/JPY The Battle Intensifies September 28, 2017<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com USD\/JPY Fighting For More Gains The USD\/JPY is trading in the green on the short term and tries to extend the latest gains. Price is approaching the 113.25 yesterday’s high and a strong dynamic resistance level. Technically, it should reach new highs in the upcoming days as the USDX climbs higher and because […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113669","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113669"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113669\/revisions"}],"predecessor-version":[{"id":113670,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113669\/revisions\/113670"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}