empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

25.07.202219:03 Forex Analysis & Reviews: USD/JPY: fresh bearish pattern

The USD/JPY pair rebounded as the Dollar Index seems oversold while the Japanese Yen Futures ended its growth. It was traded at 136.68 at the time of writing. Still, the current rebound could be only a temporary one.

Tomorrow, the Japanese economic data could change the sentiment. The Monetary Policy Meeting Minutes, SPPI, and the BOJ Core CPI could bring more volatility. The US CB Consumer Confidence could be decisive. Worse than expected US data could force the greenback to depreciate.

Fundamentally, the most important event of the week is represented by the FOMC. The Federal Funds Rate is expected to be increased from 1.75% to 2.50%.

USD/JPY Up-Channel!

Exchange Rates 25.07.2022 analysis

As you can see on the H1 chart, the price turned to the upside after reaching 135.56. Now, it has developed an up-channel that could represent a bearish pattern. Now, it challenges the 136.71 - 137.00 resistance zone.

Staying below this zone may signal that the downside movement is not over yet. Only a valid breakout above 137.00 could announce further growth.

USD/JPY Forecast!

Testing and retesting the 136.71 - 13700 resistance area, registering only false breakouts, and making a valid breakdown below the uptrend line could announce a new sell-off. A new lower low, dropping and closing below 136.21 could bring new selling opportunities.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.