{"id":17417,"date":"2010-12-30T08:12:23","date_gmt":"2010-12-30T13:12:23","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17417"},"modified":"2010-12-30T08:12:23","modified_gmt":"2010-12-30T13:12:23","slug":"usdjpy-bullish-signal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/30\/usdjpy-bullish-signal\/","title":{"rendered":"USD\/JPY- Bullish Signal"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong><\/p>\n<p>The USD\/JPY pair saw quite a consistent bearish trend during the past  few weeks. The pair lost about 300 pips since December 16th, falling  from the 84.40 level to the 81.40 level today. However, after the pair  failed to breach through the 81.40 level it began correcting itself, and  is now trading near the 81.60 level. The bullish correction is likely  to extend today, with potential to reach the 82.00 level.<\/p>\n<p>\u2022\tThe chart below is the 4-hour chart USD\/JPY by ForexYard.<\/p>\n<p>There is a very distinct bearish channel formed on the 4-hour chart, and the pair is now floating in its bottom.<\/p>\n<p>\u2022\tThe pair recently reached as high as the 84.20 level, yet this appears to have initiated a mild bearish correction.<\/p>\n<p>\u2022\tThe Slow Stochastic has just completed a bullish cross above the  20-line, indicating that a bullish correction might take place.<\/p>\n<p>\u2022\tIn addition, The RSI signals that the price of this pair currently  floats in the over-sold territory, indicating upward pressure.<\/p>\n<p>\u2022\tThe next support levels are located at the 81.20, 80.80 and 80.50 levels.<\/p>\n<p>\u2022\tThe next resistance levels are found at the 81.90, 82.30 and 82.70 levels.<\/p>\n<p>USD\/JPY 4-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USD-JPY-30-12.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USD-JPY-30-12.JPG\" alt=\"\" width=\"563\" height=\"710\" \/><\/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 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>The USD\/JPY pair saw quite a consistent bearish trend during the past few weeks. The pair lost about 300 pips since December 16th, falling from the 84.40 level to the 81.40 level today. However, after the pair failed to breach through the 81.40 level<\/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-17417","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17417","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=17417"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17417\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}