Technical analysis of USD / JPY 02/19/2021


The USD / JPY currency pair broke through the bottom (MA 200) and found resistance at 106.23 (50% Fib) on the daily chart. Now the quotes are in the level of 105.70. The next resistance will be in the level of 107.00 (61.8% Fib).
If the pair manages to gain above 107.00, it will mean the upward correction has turned into an uptrend with the potential for growth to 109.80.
Cancellation of the growth option of the pair will be a decline in quotes below the level of 104.00, where (MA 100) coincides with (23.6% Fib) and the lower line of the ascending channel.

Created by Joshua Hayn

VN: F [1.9.22_1171]

Rating: 5.0 /five (1 vote cast)

5.0 out of five based on one rating




Libertex [CPS] WW

xemarketsforex

xemarketsforex

MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

Official exchange rate of the dollar and euro against the ruble for February 20-22, 2021

Read Next

How to evaluate the value of a company and make investment decisions | R Blog RU