2013.09.25 New York Close – End of US Session
USDJPY Currency Pair Levels & Trend Strength Data
The US dollar continued its fall against the Japanese yen today for a fourth day in a row. The USDJPY has left the 100 level in the rear-view mirror for the time being and looks to be setting up a test of the 98.00 level soon. Current trend is down and price is currently trading around the major level of 98.50. A potential base of support looms below at the 38.2% Fibonacci retracement level which coincides with the previous support and resistance level of 97.50.
Current Market Price: 98.423
Today’s Pivot Point Levels:
Daily Pivot Point: 98.789
Weekly Pivot Point: 98.900
Monthly Pivot Point: 97.937
Linear Regression Indicator Trend Strength Data:
10-day current trend is BEARISH / Trend strength of -112.0 pips
30-day current trend is BULLISH / Trend strength of 175.3 pips
60-day current trend is BEARISH / Trend strength of -91.4 pips
90-day current trend is BEARISH / Trend strength of -53.6 pips
180-day current trend is BULLISH / Trend strength of 759.7 pips
365-day current trend is BULLISH / Trend strength of 2862.3 pips
By CountingPips.com – Currency Trading Blog
