{"id":2944,"date":"2009-07-16T09:36:45","date_gmt":"2009-07-16T14:36:45","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=2944"},"modified":"2009-07-16T09:36:45","modified_gmt":"2009-07-16T14:36:45","slug":"usdjpy-takes-a-shot-at-our-1st-tier-uptrend-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/07\/16\/usdjpy-takes-a-shot-at-our-1st-tier-uptrend-line\/","title":{"rendered":"USD\/JPY Takes a Shot at our 1st Tier Uptrend Line"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY made a concerted effort to get back above our 1st tier uptrend line in a bid to return to a safety zone.\u00a0 The USD\/JPY showed some upward mobility, exercising its positive correlation with U.S. equities.\u00a0 The S&amp;P futures logged considerable gains, and the USD\/JPY was inclined to follow suit, tagging along with the concept of a global economic recovery.\u00a0 However, the currency pair was batted away by our 1st tier uptrend line due to insufficient volume.\u00a0 Regardless, it\u2019s an encouraging progression since the USD\/JPY was recently flirting with the idea of retesting the highly psychological 90 level.\u00a0 The USD\/JPY is hovering back around our 1st tier downtrend line with the S&amp;P futures trying to add onto yesterday\u2019s gains.\u00a0 Should the S&amp;P follow with its technical upside breakout, the USD\/JPY should edge back into its uptrend.\u00a0 However, the USD\/JPY is still trading in a dangerous zone and investors should exercise a bit of caution for the immediate-term.<\/p>\n<p>Present Price: 93.65<\/p>\n<p>Resistances: 93.76, 94.45, 94.99, 95.73, 96.33<\/p>\n<p>Supports:\u00a0 93.28, 92.57, 91.96, 91.50, 91.03<\/p>\n<p>Psychological: 90, 95<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/july16yen.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/july16yen.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 made a concerted effort to get back above our 1st tier uptrend line in a bid to return to a safety zone.\u00a0 The USD\/JPY showed some upward mobility, exercising its positive correlation with U.S. equities.\u00a0 The S&amp;P futures logged considerable gains, and the USD\/JPY was inclined to follow suit, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/07\/16\/usdjpy-takes-a-shot-at-our-1st-tier-uptrend-line\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Takes a Shot at our 1st Tier Uptrend Line&#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-2944","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2944","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=2944"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2944\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=2944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=2944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=2944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}