{"id":10659,"date":"2010-06-30T08:45:27","date_gmt":"2010-06-30T12:45:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10659"},"modified":"2010-06-30T08:45:27","modified_gmt":"2010-06-30T12:45:27","slug":"usdjpy-downtrend-might-be-at-its-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/30\/usdjpy-downtrend-might-be-at-its-end\/","title":{"rendered":"USD\/JPY Downtrend might be at Its End"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The pair has recorded much bearish behavior in the past several days.  However, the technical data indicates that this trend may reverse  anytime soon. For example, as I demonstrate below, the daily chart  signals that a bullish reversal is imminent, and it might have the  potential of reaching towards 90.00 levels in the coming days. This  might be a good opportunity for forex traders to enter the trend at a  very early stage and a great entry price.<\/p>\n<p>\u2022\tThe technical indicators used are the  Slow Stochastic, and Relative Strength Index (RSI).<\/p>\n<p>\u2022\tPoint 1:  There is a \u201cdoji\u201d candlestick that has formed on the  chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Relative Strength Index (RSI) signals that the price  of this pair currently floats in the over-sold territory, indicating  upward pressure.<\/p>\n<p>\u2022\tPoint 3: The Slow Stochastic indicates a bullish cross, signaling  that the next move may be in an upward direction.<\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                   Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                   may not be suitable for all investors. There is a        possibility      that     you   could sustain a loss of all of your        investment and      therefore  you     should  not invest money that   you      cannot afford to      lose. You  should  be    aware of  all   the    risks   associated with   Foreign    Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The pair has recorded much bearish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. For example, as I demonstrate below, the daily chart signals that a bullish reversal is imminent, and it might have the potential of reaching towards 90.00 levels &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/30\/usdjpy-downtrend-might-be-at-its-end\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Downtrend might be at Its End&#8221;<\/span><\/a><\/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-10659","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10659"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10659\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}