| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: AUD/USD consolidates gains ,remains on positive footing

NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support

U.S. Jobless Claims Hit 3-Year Low, Strengthening Case for Fed Rate Cut

FxWirePro- Woodies Pivot(Major)

FxWirePro- Major US Indices

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro- Major Crypto levels and bias summary

Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next

FxWirePro: USD/ CNY gains some upside momentum but still bearish

Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45

FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

FxWirePro: NZD/USD sustains gains as uptrend remains strong

FxWirePro: EUR/AUD poised for further downside after key fibo break

FxWirePro: AUD/USD firms as Australian household spending records sharp jump

FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains

FxWirePro: USD/ZAR outlook weaker on renewed downside pressure

FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/JPY faces strong support near 120.50, good to buy at dips

Monday, August 31, 2015 10:26 AM UTC

RES 4: 123.45 (200 DAY 4HMA)
RES 3: 122.80 (200 day 4 HEMA)
RES 2 : 122.35
RES 1: 121.75 (61.8% retracement of 125.27 and 116.07)

PRICE: 121.24 @10:26 GMT

SUP 1: 120.50(Aug 27^th low)
SUP 2:119.70 (cloud top)
SUP 3 :118.40 (25^thAug low)
SUP 4: 118

USD/JPY has made a low of 120.64 and recovered till 121.72. It is currently trading at 121.07. Overall trend is weak as long as support 120.50 holds.

On the downside any break below 120.50 confirms further weakness , a decline till 120/119.70 cannot be ruled out .

The pair's minor resistance is around 121.20 and any break above targets 121.75/122.35.

It is good to buy at dips around 120.95-121 with SL around 120.50 for the TP of 121.75/122

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean

FxWirePro: USD/ZAR outlook weaker on renewed downside pressure

Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert

FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

FxWirePro: USD/CAD downside pressure builds, key support level in focus

FxWirePro- Major Pair levels and bias summary

FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift

FxWirePro: GBP/NZD edges higher but bearish outlook persists

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: USD/JPY faces strong support near 120.50, good to buy at dips

Editor's Picks

Welcome to EconoTimes