{"id":17446,"date":"2010-12-31T10:45:51","date_gmt":"2010-12-31T15:45:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17446"},"modified":"2010-12-31T10:45:51","modified_gmt":"2010-12-31T15:45:51","slug":"usdjpy-target-below-the-all-time-low","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/31\/usdjpy-target-below-the-all-time-low\/","title":{"rendered":"USD\/JPY \u2013 Target Below the All-Time Low"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong><\/p>\n<p>As the downtrend for the USD\/JPY resumes, a target for traders is identified below the all-time low of 79.75.<\/p>\n<p>Looking at the monthly chart, a distinct long-term <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/12\/28\/usdjpy-%e2%80%93testing-trend-line-bearish-trend-to-resume\/\">downtrend<\/a> is in effect with a falling trend line from the July 2007 candlestick.  Support for the pair is identified by the support line underneath the  price action beginning in December 2008 with multiple contact points  during the downtrend. Next month this support line comes in at 79.10.<\/p>\n<p>Theis target is conceivable as momentum appears to be to the  downside. The December candlestick looks to set to close near its  monthly low and falling weekly stochastics also signal further price  moves lower for the USD\/JPY.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USDJPY-Monthly1.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USDJPY-Monthly1.JPG\" alt=\"\" width=\"590\" height=\"571\" \/><\/a><\/p>\n<p><span style=\"text-decoration: underline;\"><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><\/span><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>Looking at the monthly chart, a distinct long-term downtrend is in effect with a falling trend line from the July 2007 candlestick. Support for the pair is identified by the support line underneath the price action beginning in December 2008<\/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-17446","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17446","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=17446"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17446\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}