{"id":9623,"date":"2010-05-21T08:10:17","date_gmt":"2010-05-21T12:10:17","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9623"},"modified":"2010-05-21T08:10:17","modified_gmt":"2010-05-21T12:10:17","slug":"usdjpy-looks-to-reach-the-88-00-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/21\/usdjpy-looks-to-reach-the-88-00-level\/","title":{"rendered":"USD\/JPY Looks to Reach the 88.00 Level"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; The USD\/JPY is trading within a range for several months now. The  pair has failed to breach through the 95.00 level about 2 weeks ago, and  ever since is dropping constantly. At the moment, the pair seems on its  way towards the 88.00 level.<\/p>\n<p>\u2022 The chart below is the USD\/JPY 1-day chat by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, Slow  Stochastic, MACD and the Relative Strength Index.<br \/>\n\u2022 It can be noted that the pair is still trading below the lower  Bollinger Bands, which indicates that the bearish momentum is still on.<br \/>\n\u2022 The Slow Stochastic also looks to reverse its course and to drop once  again.<br \/>\n\u2022 The RSI has dropped sharply lately, and is about to enter the  Over-Sold section. This also suggests that the pair is likely to drop  further.<br \/>\n\u2022 The next support level of the USD\/JPY pair is placed at the price of  88.00. If the pair will manage to breach through this level, it has  potential to drop towards the 86.00 level.<br \/>\n\u2022 If the pair will fail to breach through the 88.00 level, it might  bounce back up, and reach the 91.00 level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/USDJPY.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/USDJPY.bmp\" alt=\"\" width=\"595\" height=\"597\" \/><\/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 Yan Petters &#8211; The USD\/JPY is trading within a range for several months now. The pair has failed to breach through the 95.00 level about 2 weeks ago, and ever since is dropping constantly. At the moment, the pair seems on its way towards the 88.00 level. \u2022 The chart below is the USD\/JPY &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/21\/usdjpy-looks-to-reach-the-88-00-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Looks to Reach the 88.00 Level&#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-9623","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9623","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=9623"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}