Usd/Jpy

Usd/jpy
s1 113.1000 w r3 115.2600 s
s2 112.0100 m r2 114.1800 m
s3 110.9300 s r1 113.5000 w

Recent price action in USD/JPY raises the risk for a larger pullback as the exchange rate extends the series of lower highs & lows from earlier this week.

USD/JPY EXTENDS BEARISH SERIES FOLLOWING LESS-HAWKISH FED RHETORICImage of daily change for usd jpy rate

The rebound from October-low (111.38) continues to unravel as Federal Reserve Vice-Chairman Richard Clarida tames bets for an extended hiking-cycle, with the policymaker favoring the benchmark interest rate ‘being at neutral’ amid the uncertainty surrounding the world economy.

At the same time, Dallas Fed President Robert Kaplan infers that the Federal Open Market Committee (FOMC) has ‘a little bit of latitude to be patient and gradual’ as he sees a limited threat for above-target inflation, and it seems as though Chairman Jerome Powell & Co. are on a preset course to take the benchmark interest rate to the longer-run forecast of 2.75% to 3.00% as the central bank fulfills its dual mandate for full-employment and price stability.

It is the time to sell now , the pair has corrected its direction because of facing the strong resistance represented in the downtrend line , i think this pair will continue moving down in the downtrend channel shown in the H4 chart , so i think it will be good deal to sell now . Good Luck

Hello all my dearest and respectable brothers and sisters it is the time to sell right now, the pair has corrected its
direction because of the facing a strong resistance represented in the downtrend line , I think this pair will be continue moving down in
the downtrend channel shown in the H4 chart , so I think that it will be a good deal to sell right now.
GOOD LUCK

the U.S. sovereign credit rating downgrade by Standard and Poor’s triggered a strong selloff across global bourses, where investors abandoned risky assets and shifted their investments to the yen, which increased expectations for another intervention from the BOJ.

USD...JPY
techncal analysis usd/jpy
this is a sensitive price rate.
the price usd/jpy buying point is 112.92 and the selling point 112.79

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.55. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.