{"id":16701,"date":"2010-12-13T09:30:26","date_gmt":"2010-12-13T14:30:26","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16701"},"modified":"2010-12-13T09:30:26","modified_gmt":"2010-12-13T14:30:26","slug":"usdjpy-entry-long-to-post-intervention-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/13\/usdjpy-entry-long-to-post-intervention-high\/","title":{"rendered":"USD\/JPY \u2013 Entry Long to Post Intervention High"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; The <a href=\"http:\/\/www.forexyard.com\/en\/market-analysis\/jpy\/\">USD\/JPY <\/a>is  currently moving towards its recent high of 84.40. A close above this  level shows limited resistance until the September high. Long term time  frames also signal a continuation of the move.<\/p>\n<p>Following the pair\u2019s breach of the long  term downward sloping trend line (1) on the daily chart the pair has  risen to the 84.40 level (2). Clearly defined support and resistance  levels appear on the chart and a buy signal is supported by a long term  technical sign.<\/p>\n<p>An <a href=\"https:\/\/www.forexyard.com\/en\/open-live-account\">entry long <\/a>may  be initiated with a move above the 84.40 (2) level targeting the post  intervention high at 85.90 (3). Further resistance at 88.10 (4) can be  used as a long range target as resistance is lacking on both the daily  and longer time frame charts. A long term downward sloping <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/12\/13\/usdjpy-%e2%80%93-entry-long-on-breach-of-post-intervention-high\/%3Ca%20href=\">trend line <\/a>on the weekly chart (not shown) may also provide resistance at 88.60.<\/p>\n<p>Support can be found at both 83.45 (5) and 82.30 (6), as well as the rising trend lines off the October and November lows.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USDJPY-Daily.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USDJPY-Daily.JPG\" alt=\"\" width=\"590\" height=\"571\" \/><\/a><\/p>\n<p>The monthly chart provides a hint at the potential long term future price action with a rising stochastic oscillator.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USDJPY-Monthly.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USDJPY-Monthly.JPG\" alt=\"\" width=\"590\" height=\"571\" \/><\/a><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading <a title=\"Foreign Exchange\" href=\"..\/..\/\">Foreign Exchange<\/a> 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>The USD\/JPY is currently moving towards its recent high of 84.40. A close above this level shows limited resistance until the September high. Long term time frames also signal a continuation of the move.<\/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-16701","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16701","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=16701"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16701\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}