• 12 hours Investors Flee Emerging Markets Amid Lira Crisis
  • 13 hours Startup Aims To Attract Young Renters With Savvy Tech
  • 14 hours The Last Frontier For Artificial Intelligence
  • 15 hours EU Companies Struggle To Pick Sides In U.S.-Iran Dispute
  • 16 hours Turkey’s Currency Crisis Raises Fears Of Contagion
  • 18 hours Could Gold Fall Below $1,000?
  • 20 hours Markets Open Higher Despite Ongoing Turkish Crisis
  • 1 day Why Gold Investors Should Ignore The Swings
  • 2 days Stock Buybacks Poised To Eclipse $1 Trillion
  • 4 days Google Accepts Chinese Censorship For Big Payout
  • 4 days Baltics Want to Pull The Plug On Russian Power
  • 4 days Gold Demand In Iran Hits Record Levels
  • 4 days Ride-Sharing: The Next Hotbed For Cybercrime?
  • 4 days Turkey’s Currency Crisis Sends Shockwaves Through Global Markets
  • 4 days Why Rising Inflation Won’t Help Gold Prices This Time
  • 4 days Emerging Markets Hit Hard By Fed’s Trillion Dollar Experiment
  • 5 days What Is Vanadium And Why Did Its Price Just Skyrocket?
  • 5 days Greece: The EU’s Weakest Link
  • 5 days Fraudsters Target Taxpayers In Million-Dollar Scam
  • 5 days Millennials Are Picking Bitcoin Over Stocks
MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

USD/JPY - Losing Short-Term Momentum

USD/JPY is losing momentum. A break of the initial support at 108.60 would favour a shortterm corrective phase. Hourly supports are given by the steep rising trendline (around 108.19) and 107.39. An hourly resistance stands at 109.46 (19/09/2014 high).

A long-term bullish bias is favoured as long as the key support 100.76 (04/02/2014 low) holds. The recent new highs confirm a strong underlying bullish trend. Despite a likely pause near the major resistance at 110.66 (15/08/2008 high), an eventual break to the upside is favoured. Another resistance can be found at 114.66 (27/12/2007 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment