{"id":3326,"date":"2009-08-13T11:14:00","date_gmt":"2009-08-13T16:14:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=3326"},"modified":"2009-08-13T11:14:00","modified_gmt":"2009-08-13T16:14:00","slug":"usdjpy-heads-towards-important-support","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/08\/13\/usdjpy-heads-towards-important-support\/","title":{"rendered":"USD\/JPY Heads Towards Important Support"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The Yen is continuing its appreciation against the Dollar as investors exercise risk-aversion tactics in reaction to weaker than expected retail sales and employment data.\u00a0 The USD\/JPY\u2019s decline coupled with gains in the GBP\/USD and EUR\/USD indicate investors are exiting the Dollar.\u00a0 Despite the USD\/JPY\u2019s present pullback, the currency pair still has important technical cushions in place, including our 1st tier uptrend line and the psychological 95 area.\u00a0 The USD\/JPY\u2019s near-term uptrend is intact until these two supports are compromised.\u00a0 Therefore, it will be interesting to see how these supports hold up over the immediate-term.\u00a0 Meanwhile, our 3rd tier downtrend and 1st tier uptrend lines are gradually approaching their inflection point.\u00a0 Hence, the USD\/JPY could jog between these trend lines as their collision course nears.\u00a0 We notice inflection points in the rest of currency pairs along with gold.\u00a0 As a result, FX volatility could continue for the next couple trading sessions.\u00a0 On the other hand, the USD\/JPY has re-entered a dense trading range, meaning a period of consolidation would not be surprising.<\/p>\n<p>Present Price: 95.45<\/p>\n<p>Resistances: 95.61 95.91, 96.10, 96.47, 96.67<\/p>\n<p>Supports:\u00a0 95.30, 94.99, 94.75, 94.52, 94.36<\/p>\n<p>Psychological: 95<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/august13yen.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/august13yen.gif\" alt=\"\" width=\"595\" height=\"521\" \/><\/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 Yen is continuing its appreciation against the Dollar as investors exercise risk-aversion tactics in reaction to weaker than expected retail sales and employment data.\u00a0 The USD\/JPY\u2019s decline coupled with gains in the GBP\/USD and EUR\/USD indicate investors are exiting the Dollar.\u00a0 Despite the USD\/JPY\u2019s present pullback, the currency pair still &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/08\/13\/usdjpy-heads-towards-important-support\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Heads Towards Important Support&#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-3326","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/3326","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=3326"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/3326\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=3326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=3326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=3326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}