{"id":13951,"date":"2010-10-12T10:16:59","date_gmt":"2010-10-12T14:16:59","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13951"},"modified":"2010-10-12T10:16:59","modified_gmt":"2010-10-12T14:16:59","slug":"usdjpy-technical-analysis-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/12\/usdjpy-technical-analysis-2\/","title":{"rendered":"USD\/JPY Technical Analysis"},"content":{"rendered":"<p><strong>By Rita Ruvinski<\/strong> &#8211; At the beginning of the week, USD\/JPY still struggled with 83.16, but  after the pair fell \u200ebelow the previous 15 year low of 82.82.  Dollar\/Yen continued the fall and went as low \u200eas 81.72 before closing  at 81.90. \u200e<br \/>\nHowever as seen is the USD\/JPY chart below the pair maybe heading for a  bullish \u200ereversal. Technical \u200eindicators show there are good chances the  instrument will increase \u200efurther with a potential \u200eprice of $82.75 in  sight. \u200e<\/p>\n<p>The chart below is the USD\/JPY daily chart: The technical indicators  used are the Slow \u200eStochastic, Relative Strength Index (RSI) and  Bollinger Bands. \u200e<\/p>\n<p>Point 1: The Bollinger Bands have already begun to widen, indicating  that a price shift is \u200elikely to take place. As we can see, the price  ticks are currently right along the lower band, \u200etelling us that the  price shift is likely to be upward.\u200e<br \/>\nPoint 2: The Slow Stochastic indicates a bullish cross, signaling that the next move may \u200ebe in a downward direction.\u200e<br \/>\n\u200e\u2022 Point 3: The RSI signals that the price of this pair currently floats  in the over-sold \u200eterritory, indicating an upward pressure.\u200e<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/usd.jpy-chart.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/usd.jpy-chart.JPG\" alt=\"\" width=\"579\" height=\"652\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/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>At the beginning of the week, USD\/JPY still struggled with 83.16, but after the pair fell \u200ebelow the previous 15 year low of 82.82. Dollar\/Yen continued the fall and went as low \u200eas 81.72 before closing at 81.90.<\/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-13951","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13951","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=13951"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13951\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}