Trend analysis of the USDJPY for 12/11/15
USDJPY
On the 4-hour chart:
The growing pair recorded the 6-month high at 80.94. At the last day, the pair reached about 150 pips. The key resistance area 80.29/42 has been pierced. The moving averages provided a confident bullish signal.
On the 1-hour chart:
The yesterday growth was slowed down by the resistance area 80.11/29, which has been pierced after the long testing. Now the pair is testing the resistance level 80.85. The moving averages are showing the intensive ascending trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the intensive bullish dynamics. The price met the resistance at the level 80.85. In case of holding of pair above the level, traders will continue to buy. Otherwise, the turn to flat is possible.
USDJPY
On the 4-hour chart:
The growing pair recorded the 6-month high at 80.94. At the last day, the pair reached about 150 pips. The key resistance area 80.29/42 has been pierced. The moving averages provided a confident bullish signal.
On the 1-hour chart:
The yesterday growth was slowed down by the resistance area 80.11/29, which has been pierced after the long testing. Now the pair is testing the resistance level 80.85. The moving averages are showing the intensive ascending trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the intensive bullish dynamics. The price met the resistance at the level 80.85. In case of holding of pair above the level, traders will continue to buy. Otherwise, the turn to flat is possible.