{"id":60110,"date":"2014-09-10T04:58:12","date_gmt":"2014-09-10T08:58:12","guid":{"rendered":"http:\/\/countingpips.com\/?p=60110"},"modified":"2014-09-10T06:32:16","modified_gmt":"2014-09-10T10:32:16","slug":"usdjpy-reversal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/usdjpy-reversal\/","title":{"rendered":"USD\/JPY \u2013 reversal?"},"content":{"rendered":"<div id=\"inves-1544696715\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 10, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><h3>USD\/JPY \u2013 trading above 61,8%.<\/h3>\n<p>The rate has managed to go above the 61.8% retracement level, now has reached the MA200. You may think that the price will grow further after breaking the descending trendline (red line), \u00a0but as you can see on the chart we have another obstacle (the black downtrend line). \u00a0The JPY decline is also due to the Japan\u2019s negative economic indicators. \u00a0I\u2019m expecting the price to go even higher to touch the resistance (black line).\u00a0If the price will be strong enough to take out this resistance then we have a reversal on long term on this pair, the JPY will depreciate further.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/content.screencast.com\/users\/OVTbusiness\/folders\/Jing\/media\/b5701c2d-15ff-4a75-9269-dcf5ce48e8ff\/2014-09-10_1154.png\" alt=\"USD\/JPY\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>By Olimpiu Tuns \u2013 owner and financial markets analyst at: <a href=\"http:\/\/ovtbusiness.com\/en\/\" target=\"_blank\">http:\/\/ovtbusiness.com\/en\/<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY \u2013 trading above 61,8%. The rate has managed to go above the 61.8% retracement level, now has reached the MA200. You may think that the price will grow further after breaking the descending trendline (red line), \u00a0but as you can see on the chart we have another obstacle (the black downtrend line). \u00a0The JPY [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-60110","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60110","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=60110"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60110\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=60110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=60110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=60110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}