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USD/JPY Analysis: Rallies still expected to stall out for deeper setbacks [Video]

Written by By Fiona Cincotta | 2019-04-15 09:29:13 GMT

The major pair has run into resistance in the 112 area after an impressive run off the 2019 flash crash low. Look for this area to continue to cap rallies, setting the stage for the next major downside extension back towards that 2019 flash crash low, down in the 104.00s. Ultimately, only a daily close back above 112.15 delays the bearish outlook. Back below 109.70 will strengthen the bearish outlook and accelerate declines. 

In this analysis, we take a look at USDJPY each day, highlighting all of the need to knows for anyone looking to extract up to date information on major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding Yen or US Dollars, looking for an idea of where they may want to consider making that next conversion.

The USDJPY update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.

 

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By Fiona Cincotta
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