{"id":9219,"date":"2010-05-07T09:30:21","date_gmt":"2010-05-07T13:30:21","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9219"},"modified":"2010-05-07T09:30:21","modified_gmt":"2010-05-07T13:30:21","slug":"forex-technical-analysis-usdjpy-broken-trend-lines","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/07\/forex-technical-analysis-usdjpy-broken-trend-lines\/","title":{"rendered":"Forex Technical Analysis \u2013 USD\/JPY \u2013 Broken Trend Lines"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; The USD\/JPY certainly experienced an interesting trading day  yesterday. At one point the pair broke both its minor and major trend  lines, falling to a significant support level.<\/p>\n<p>1.\tBelow, the USD\/JPY daily chart shows  the price action yesterday. The pair fell to the price level of 88.10, a  price that pair bounced off of 3 other times.  The sharp fallout of the  pair occurred at the same time that the Dow Jones Industrials Average  fell 998 points.<\/p>\n<p>2.\tAnother short term support line sits at the price of 92.80.<\/p>\n<p>The short term trend line can be considered broken if the pair closes  below the trend line for the second consecutive day. The chart goes to  show the significance of support and resistance lines as many times  large price moves will advance or fall towards a significant price  level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/USDJPY-Trend.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/USDJPY-Trend.JPG\" alt=\"\" width=\"595\" height=\"571\" \/><\/a><\/p>\n<p><strong><em>Forex Market  Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                Yard.<\/a><\/strong><\/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 Russell Glaser &#8211; The USD\/JPY certainly experienced an interesting trading day yesterday. At one point the pair broke both its minor and major trend lines, falling to a significant support level. 1. Below, the USD\/JPY daily chart shows the price action yesterday. The pair fell to the price level of 88.10, a price that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/07\/forex-technical-analysis-usdjpy-broken-trend-lines\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex Technical Analysis \u2013 USD\/JPY \u2013 Broken Trend Lines&#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-9219","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9219","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=9219"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9219\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}