{"id":5288,"date":"2009-12-15T13:45:13","date_gmt":"2009-12-15T18:45:13","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=5288"},"modified":"2009-12-15T13:45:13","modified_gmt":"2009-12-15T18:45:13","slug":"usdjpys-pop-falls-short-of-1211-highs","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/12\/15\/usdjpys-pop-falls-short-of-1211-highs\/","title":{"rendered":"USD\/JPY\u2019s Pop Falls Short of 12\/11 Highs"},"content":{"rendered":"

By Fast Brokers<\/strong> – The USD\/JPY\u2019s pop from Monday\u2019s lows has fallen short of 12\/11 highs and the currency pair is being negated by our 2nd tier downtrend line once more.\u00a0 Positive activity in the USD\/JPY initially stemmed from positive pricing data from both the UK and U.S.\u00a0 An increase in prices yielded further speculation that the Fed may tighten its monetary stance a bit.\u00a0 However, today\u2019s U.S. data set turned out mixed with manufacturing and production data sending a murky signal.\u00a0 Today\u2019s mixed U.S. data has taken some energy out of the Dollar\u2019s recent broad based rally and the Greenback is presently weakening across the board.\u00a0 However, weakness in the USD\/JPY has been minimal thus far, and the currency pair remains within the confines of December highs and lows.\u00a0 Attention will now shift to tomorrow\u2019s wealth of economic data along with the Fed\u2019s monetary policy meeting.\u00a0 The EU will release its Flash PMI data set along with CPI while the UK prints its CCC figure.\u00a0 In addition to the Fed\u2019s monetary policy decision, the U.S. will also release CPI and Building Permits.\u00a0 Since Japan will be sitting on the sidelines tomorrow, the USD\/JPY will likely follow the path of the Dollar.\u00a0 Hence, investors should monitor activity in the EUR\/USD and GBP\/USD as investor react to the data stream.<\/p>\n

Technically speaking, the USD\/JPY is presently locked between our 2nd tier downtrend and 4th tier uptrend lines, a supportive environment for a continuation of the currency pair\u2019s present trading range.\u00a0 As for the topside, the currency pair faces multiple downtrend lines along with the highly psychological 90 area, 12\/11 highs, and 12\/7 highs.\u00a0 As for the downside, the USD\/JPY has built a comfort zone between present price and our uptrend lines.\u00a0 Additionally, the USD\/JPY has 12\/14, 12\/8, and 12\/9 lows serving as technical cushions.<\/p>\n

Present Price: 89.47<\/p>\n

Resistances: 89.78, 89.89, 90.01, 90.25, 90.39, 90.58<\/p>\n

Supports: 89.35, 89.14, 88.99, 88.77, 88.60, 88.34<\/p>\n

Psychological: 90, December Highs and Lows<\/p>\n

\"\"<\/a><\/p>\n

Market Commentary<\/strong><\/em> <\/span>provided by <\/span>Fast Brokers<\/strong><\/span><\/span>.<\/a><\/p>\n

Disclaimer:<\/strong> <\/span>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

Risk Disclosure:<\/strong> <\/span>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":"

By Fast Brokers – The USD\/JPY\u2019s pop from Monday\u2019s lows has fallen short of 12\/11 highs and the currency pair is being negated by our 2nd tier downtrend line once more.\u00a0 Positive activity in the USD\/JPY initially stemmed from positive pricing data from both the UK and U.S.\u00a0 An increase in prices yielded further speculation … <\/p>\n

Continue reading “USD\/JPY\u2019s Pop Falls Short of 12\/11 Highs”<\/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-5288","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5288","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=5288"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5288\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=5288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=5288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=5288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}