{"id":71231,"date":"2015-04-18T05:15:34","date_gmt":"2015-04-18T09:15:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=71231"},"modified":"2015-04-18T08:23:14","modified_gmt":"2015-04-18T12:23:14","slug":"usdjpy-has-touched-the-support-area","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/usdjpy-has-touched-the-support-area\/","title":{"rendered":"USD\/JPY \u2013 has touched the support area"},"content":{"rendered":"<div id=\"inves-1915244012\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 18, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>The price has reached the support area between 118.32 and 118.79, if the price will have the power to break and close below this support then we\u2019ll have a broder correction, the price will try to approach the major support between 115,54 and 115,85. As you can see from the Daily chart, the price is trading below the <strong>WL1<\/strong> line but he can find support at <strong>WL2<\/strong>. If the price will break the <strong>ml<\/strong> line then we\u2019ll have a bearish momentum on short term.\u00a0We have an extended sideways movement and this can continue further until we\u2019ll have a breakout from this range. The major resistance area is between 121,84 and 122,02. JP225 index has decreased this week and if will continue this downward movement the the USD\/JPY pair will also decline.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/content.screencast.com\/users\/OVTbusiness\/folders\/Jing\/media\/9f578d14-c56b-4b08-8166-2046d561ac93\/2015-04-18_1212.png\" alt=\"usdjpy\" \/><\/p>\n<p>By Olimpiu Tuns \u2013 Owner and Market 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>The price has reached the support area between 118.32 and 118.79, if the price will have the power to break and close below this support then we\u2019ll have a broder correction, the price will try to approach the major support between 115,54 and 115,85. As you can see from the Daily chart, the price is [&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-71231","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71231","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=71231"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71231\/revisions"}],"predecessor-version":[{"id":71235,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71231\/revisions\/71235"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=71231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=71231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=71231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}