Open Account

USDJPY ANALYSIS : USDJPY Pair Formed a New Multi-Year High at 129.40

USDJPY ANALYSIS

USDJPY ANALYSIS :USDJPY Pair Formed a New Multi-Year High at 129.40

USDJPY ANALYSIS : The US Dollar gained pace above the 128.00 resistance against the Japanese Yen. The USDJPY pair even traded above 128.50 and formed a new multi-year high at 129.40.

Recently, there was a downside correction below 129.00. There was a break below a key bullish trend line with support near 128.15 on the hourly chart. However, the bulls were active near the 127.00 level. It is now back above 127.50 and the 50 hourly simple moving average.

On the upside, an immediate resistance is near the 128.20 level. A clear break above the 128.20 resistance could push the price towards 128.80. The next major resistance is near the 129.20 level or 129.40. 

USDJPY ANALYSIS : On the downside, an initial support is 127.50. The next major support sits near the 127.00 level, below which there is a risk of more downsides. In the stated case, the pair could decline towards the 126.20 level.

Confuse Which Broker is best ? , Here you can find the best regulated broker.

Categories
Recent Posts

FIRST CAPITALS brand is authorized and regulated in various jurisdictions.
First Capitals Limited (www.First Capitals.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 187/15, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 47710. The company is also registered with the Financial Conduct Authority of the UK with FRN 713478 and Register number 06331319
First Capitals (www.First Capitals.com/uk) is authorised and regulated by the Financial Conduct Authority of the UK with FRN 713478 and Register number 06331319
International Capital First Strategy (www.First Capitals.com/uk) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012265.
Card transactions are processed via International Capital First Startegy Technical ACADEMY Ltd, Reg No. HE 335426 and registered address at Ioannis Stylianou, 6, Floor 2, Flat 202 2003, Nicosia, Cyprus, and via International Capital First Startegy Technical ACADEMY Ltd , Reg No. HE 400404 and registered address at Agiou Georgiou Makri, 64, Anna Maria Lena Court, Flat 201, 6037, Larnaca, Cyprus. Address for cardholder correspondence: backoffice@First Capitals.com.. Business location address: FIRST CAPITALS Tower,75 Westow hill , Crystal Palce,London, SE191TX .
International Capital First Startegy Technical ACADEMY Ltd is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market.
Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FIRST CAPITALS brand based on the legal requirements in his/her country of residence. Please read FIRST CAPITALS’s full Risk Disclosure.
Regional restrictions: FIRST CAPITALS brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus and Hong Kong. Find out more in the Regulations section of our FAQs

© 2011 – 2021 FIRST CAPITALS 

Facebook-f Twitter Linkedin Instagram Youtube Telegram-plane
  • MyFXTM - Client Dashboard
  • FXTMPartners Affiliate & IB program
  • FXTMPartners
  • Partnership widgets
  • Careers
  • Global Networks – Nigeria
  • Events
  • Client Services
  • Excellent Trading Terms
  • MyFXTM - Client Dashboard
  • FXTMPartners Affiliate & IB program
  • FXTMPartners
  • Partnership widgets
  • Careers
  • Global Networks – Nigeria
  • Events
  • Client Services
  • Excellent Trading Terms
  • MyFXTM - Client Dashboard
  • FXTMPartners Affiliate & IB program
  • FXTMPartners
  • Partnership widgets
  • Careers
  • Global Networks – Nigeria
  • Events
  • Client Services
  • Excellent Trading Terms
  • MyFXTM - Client Dashboard
  • FXTMPartners Affiliate & IB program
  • FXTMPartners
  • Partnership widgets
  • Careers
  • Global Networks – Nigeria
  • Events
  • Client Services
  • Excellent Trading Terms

FIRST CAPITALS brand is authorized and regulated in various jurisdictions.

First Capitals Limited (www.First Capitals.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475.

First Capitals (www.First Capitals.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911.

Exinity Limited (www.First Capitals.com/uk) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.

Card transactions are processed via FT Global Services Ltd, Reg No. HE 335426 and registered address at Ioannis Stylianou, 6, Floor 2, Flat 202 2003, Nicosia, Cyprus, and via Exinity Services Ltd , Reg No. HE 400404 and registered address at Agiou Georgiou Makri, 64, Anna Maria Lena Court, Flat 201, 6037, Larnaca, Cyprus. Address for cardholder correspondence: backoffice@First Capitals.com.. Business location address: FIRST CAPITALS Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus.

Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market.

Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FIRST CAPITALS brand based on the legal requirements in his/her country of residence.  Please read FIRST CAPITALS’s full Risk Disclosure.

Regional restrictions: FIRST CAPITALS brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus and Hong Kong. Find out more in the Regulations section of our FAQs.

© 2011 – 2021 FIRST CAPITALS