2013.12.04 | USDJPY Market Analysis
USDJPY Trends & Fibonacci Retracement Levels
The USDJPY currency pair has been virtually unchanged in forex market trading today as this sharply ascending pair looks to take a breather. The USDJPY has registered a high of 102.828 and reached to a low of 102.232 on the day. Trends data shows the pair is potentially topping out in its short-term uptrend with prices trading right at the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Fibo target levels include the 0.0% retracement at 103.37 above and the 23.6% retracement of 101.583 below.
USDJPY Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 252.7 pips
30-day current trend is BULLISH / Trend strength of 582.4 pips
60-day current trend is BULLISH / Trend strength of 334.5 pips
90-day current trend is BULLISH / Trend strength of 288.2 pips
180-day current trend is BULLISH / Trend strength of 120.7 pips
Fibonacci Retracement Levels: Past 100 Days
— 0.000 – 103.370
— 0.236 – 101.583
— 0.382 – 100.478
— 0.500 – 99.585
— 0.618 – 98.691
— 0.764 – 97.586
— 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.
