{"id":2236,"date":"2009-06-02T10:35:17","date_gmt":"2009-06-02T15:35:17","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=2236"},"modified":"2009-06-02T10:35:17","modified_gmt":"2009-06-02T15:35:17","slug":"usdjpy-consolidates-with-high-volatility","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/06\/02\/usdjpy-consolidates-with-high-volatility\/","title":{"rendered":"USD\/JPY Consolidates With High Volatility"},"content":{"rendered":"<p><span style=\"color: #888888;\">By Fast Brokers<\/span><\/p>\n<p>The USD\/JPY is exhibiting some interesting consolidative volatility while bouncing between our 2nd tier uptrend and downtrend lines.\u00a0 It seems this pattern could continue until these two trend lines reach an inflection point, which may not be until Friday\u2019s trading session.\u00a0 Meanwhile, the GBP\/USD, and EUR\/USD are encountering some technical obstacles, indicating slightly consolidative patterns until Thursday\u2019s double-header ECB and BOE meetings.\u00a0 The USD\/JPY remains encouragingly above March 19 lows and is slowly floating north.\u00a0 Therefore, the USD\/JPY\u2019s uptrend has a faint glimmer of hope.\u00a0 The uptrend may ultimately rely upon a continued rise in the S&amp;P coupled with investors regaining confidence in the viability of the U.S. Dollar.\u00a0 However, despite the USD\/JPY finding near-term support, we maintain our bearish outlook on the USD\/JPY trend wise.\u00a0 We haven\u2019t seen any game-changing, fundamental moves to the upside to swing the momentum.\u00a0 There are still 5 downtrend lines bearing down on price with the highly psychological 100 level hanging in the distance.\u00a0 However, the USD\/JPY may begin to wake from its sideways action as our trend lines collide.<\/p>\n<p>Fundamentally, we maintain resistances of 95.82, 96.33, 96.90, 97.45, and 97.98.\u00a0 To the downside, we hold our supports of 95.12, 94.43, 93.77, 93.11, and 92.65.\u00a0 The 100 level serves as a key psychological barrier with 95 acting as a psychological cushion.\u00a0 The USD\/JPY is currently exchanging at 95.73.<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/6_2yen.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/6_2yen.gif\" alt=\"\" width=\"595\" height=\"500\" \/><\/a><\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?PL080\" target=\"_blank\"><span style=\"text-decoration: underline;\"><strong>Fast Brokers<\/strong><\/span><\/a>.<\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell\/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fast Brokers &#8211; The USD\/JPY is exhibiting some interesting consolidative volatility while bouncing between our 2nd tier&#8230;<\/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-2236","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2236","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=2236"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2236\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=2236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=2236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=2236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}