2013.11.28 | USDJPY Market Analysis
USDJPY Trends & Fibonacci Retracement Levels
The USDJPY currency pair has been rising sharply in forex market trading in recent days and weeks with the USDJPY registering a high of 102.282 and a low of 101.928 for today. Trends data shows the pair is currently in a short-term uptrend as prices are trading over the 21-period linear short-term moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend and is currently breaking through the fibonacci retracement cycle high at 102.18.
USDJPY Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 275.9 pips
30-day current trend is BULLISH / Trend strength of 466.5 pips
60-day current trend is BULLISH / Trend strength of 163.0 pips
90-day current trend is BULLISH / Trend strength of 194.7 pips
180-day current trend is BULLISH / Trend strength of 125.0 pips
Fibonacci Retracement Levels: Past 100 Days
— 0.000 – 102.184
— 0.236 – 100.677
— 0.382 – 99.745
— 0.500 – 98.992
— 0.618 – 98.238
— 0.764 – 97.306
— 1.000 – 95.799
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.
