{"id":7957,"date":"2010-03-25T08:47:12","date_gmt":"2010-03-25T12:47:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7957"},"modified":"2010-03-25T08:47:12","modified_gmt":"2010-03-25T12:47:12","slug":"usdjpy-looks-to-correct-yesterdays-gains","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/25\/usdjpy-looks-to-correct-yesterdays-gains\/","title":{"rendered":"USD\/JPY Looks to Correct Yesterday\u2019s Gains"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; During yesterday\u2019s trading session the USD\/JPY pair gained over 200  pips, reaching a 3-month high. This came after 3 weeks of relatively  peaceful trading that did not include any sharp movements. However, at  the moment it seems that a mild bearish correction is likely to take  place in response to yesterday\u2019s rising trend.<\/p>\n<p>\u2022 The chart below is the USD\/JPY 4-hour chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow  Stochastic, the MACD and the Relative Strength Index (RSI).<br \/>\n\u2022 The pair reached a 3-month high at the rate of 92.50 yesterday, yet it  has dropped ever since.<br \/>\n\u2022 A bearish cross of the Slow Stochastic suggests that the bearish  correction is likely to proceed.<br \/>\n\u2022 The MACD has reached the 0.425 level recently, also suggesting that  the bullish move has been limited.<br \/>\n\u2022 The bearish correction has potential to reach the 91.50 level. If the  pair will manage to breach through this level, its next target will be  the 90.50 level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/USD-JPY.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/USD-JPY.bmp\" alt=\"\" width=\"595\" height=\"575\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex    Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and    may not be suitable for all investors. There is a possibility that  you   could sustain a loss of all of your investment and therefore you   should  not invest money that you cannot afford to lose. You should be   aware of  all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yan Petters &#8211; During yesterday\u2019s trading session the USD\/JPY pair gained over 200 pips, reaching a 3-month high. This came after 3 weeks of relatively peaceful trading that did not include any sharp movements. However, at the moment it seems that a mild bearish correction is likely to take place in response to yesterday\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/25\/usdjpy-looks-to-correct-yesterdays-gains\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Looks to Correct Yesterday\u2019s Gains&#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-7957","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7957","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=7957"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7957\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}