2013.11.12 | USDJPY Market Analysis
USDJPY Trends & Fibonacci Retracement Levels
The USDJPY currency pair has been riding higher in forex market trading today with the USDJPY registering a high of 99.789 and a low of 99.096 so far on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading higher than our favored short-term moving average (21 periods). Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels, the pair continues to be in an slight downtrend and prices are currently heading for a collision with the 100 major price level.
USDJPY Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 116.3 pips
30-day current trend is BULLISH / Trend strength of 158.1 pips
60-day current trend is BEARISH / Trend strength of -52.0 pips
90-day current trend is BEARISH / Trend strength of -83.8 pips
180-day current trend is BULLISH / Trend strength of 156.7 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 101.524
— 0.236 – 100.173
— 0.382 – 99.337
— 0.500 – 98.661
— 0.618 – 97.985
— 0.764 – 97.149
— 1.000 – 95.798
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
