{"id":166789,"date":"2020-03-18T13:30:09","date_gmt":"2020-03-18T17:30:09","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166789"},"modified":"2020-03-18T11:55:48","modified_gmt":"2020-03-18T15:55:48","slug":"usdjpy-feels-the-dollar-march","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/usdjpy-feels-the-dollar-march\/","title":{"rendered":"USDJPY Feels The Dollar March"},"content":{"rendered":"
March 18, 2020<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

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The yen returned to its safe-haven status when the stocks around the world dropped substantially.<\/p>\n

As seen on the daily chart above, prices have tested two trendline lows and currently, we are on a bounce. The recovery was initiated on the back of the CB\u2019s coordinated responses to COVID19.<\/a><\/p>\n

The current target is a retest of the bear flag base, which the price broke on its way to posting the 101.18 lows. The retest of the base comes right under the 109 handle.<\/p>\n

A daily close above the bear flag will most likely lead to a higher level. However, the support at the 104.30 region will act firmly if we get a confirmed retest of the flag base. This a level to look closely at when and if things turn ugly.<\/p>\n

The pair has put up a base at the 105.20 support region in the short-term.<\/p>

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We are likely in an ascending wedge pattern with 106.70 marking an intraday support.<\/p>\n

A break and a close above 107.80 would suggest a move towards 109.80.<\/p>\n

By <\/strong>Orbex<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex The yen returned to its safe-haven status when the stocks around the world dropped substantially. As seen on the daily chart above, prices have tested two trendline lows and currently, we are on a bounce. The recovery was initiated on the back of the CB\u2019s coordinated responses to COVID19. The current target is […]<\/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-166789","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166789","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=166789"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166789\/revisions"}],"predecessor-version":[{"id":166804,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166789\/revisions\/166804"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}