2013.11.11 | USDJPY Market Analysis
USDJPY Trends & Fibonacci Retracement Levels
The USDJPY currency pair has been rising slightly in forex market trading today with the USDJPY registering a high of 99.215 and a low of 98.915 over the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading above our favored short-term moving average (21 periods). Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels, the pair continues to be in an downtrend. Look for resistance into the 99.37 level over the next few days with the 100 level looming above.
USDJPY Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 103.7 pips
30-day current trend is BULLISH / Trend strength of 122.9 pips
60-day current trend is BEARISH / Trend strength of -56.1 pips
90-day current trend is BEARISH / Trend strength of -107.9 pips
180-day current trend is BULLISH / Trend strength of 167.7 pips
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
