{"id":2663,"date":"2009-06-25T09:13:35","date_gmt":"2009-06-25T14:13:35","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=2663"},"modified":"2009-06-25T09:13:35","modified_gmt":"2009-06-25T14:13:35","slug":"usdjpy-hovers-between-trends","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/06\/25\/usdjpy-hovers-between-trends\/","title":{"rendered":"USD\/JPY Hovers between Trends"},"content":{"rendered":"<p>By Fast Brokers &#8211; The USD\/JPY made a positive recovery from Tuesday lows, though the small pop was backed by declining volume.\u00a0 Hence, there remains an increasing interest to the downside in the currency pair.\u00a0 The USD\/JPY has climbed back above our important 2nd tier uptrend line, and is currently being squeezed between our 2nd tier downtrend line as the trend lines reach an inflection point.\u00a0 Volatility didn\u2019t rise in the USD\/JPY as we anticipated.\u00a0 Instead, the currency pair is opting to continue its gradual crawl towards the middle.\u00a0 If this process continues, then we\u2019d expect to see another slight pop towards our 3rd tier uptrend line.\u00a0 The consistent balancing act exhibited by the USD\/JPY reflects the investor indecisiveness prevalent in the market as a whole.\u00a0 Therefore, as far as the USD\/JPY is concerned, its next major trend-decision seems to rest on the shoulders on U.S. equities.\u00a0 Are we witnessing a true economic recovery, or a head-fake created by global stimulus packages?\u00a0 The USD\/JPY is telling us that we will have to wait and see.<\/p>\n<p>Present Price: 95.12<\/p>\n<p>Resistances: 96.33, 96.90, 97.45, 98.05, 98.74<\/p>\n<p>Supports: 95.68, 94.99, 94.45, 93.76, 93.32<\/p>\n<p>Psychological: 95, 100<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/6_25yen.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/6_25yen.gif\" alt=\"\" width=\"595\" height=\"450\" \/><\/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 made a positive recovery from Tuesday lows, though the small pop was backed by declining volume.\u00a0 Hence, there remains an increasing interest to the downside in the currency pair.\u00a0 The USD\/JPY has climbed back above our important 2nd tier uptrend line, and is currently being squeezed between our 2nd &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/06\/25\/usdjpy-hovers-between-trends\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Hovers between Trends&#8221;<\/span><\/a><\/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-2663","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2663","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=2663"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2663\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=2663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=2663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=2663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}