Usd/jpy

[عماد]

04/12/16

Rebounding?

The potential head-and-shoulders looks to have developed on the hourly. Trading lower expects support near 103.50, which is where the declining trendline enters on the daily.

وشكرا
والله ولي التوفيق

[عماد]

04/12/17

$/JPY found support at 103.50, which is the declining trendline on it's daily chart. A close is needed above 105.50 before 108 can be targeted.

وشكرا
والله ولي التوفيق

[عماد]

04/12/20

Above support

Not much of a short-term trend as $/JPY grinds above declining support on the daily, near 103.50.

شكرا
والله ولي التوفيق

[عماد]

الرسم البياني للين 04/12/20

[عماد]

04/12/22

Above support

Although $/JPY put in a rounding bottom on the daily chart in early Dec, it's rebound has lost momentum and $/JPY is trickling back towards support near 103.50, which is reflective of the longer-term downward move that still prevails.