Trend Analysis
USDJPY prices close
HIGHER than the 200 Moving Average
HIGHER than the 50 Moving Average
LOWER than the 20 Moving Average
The current trend for US Dollar / Japanese Yen is Bullish. US Dollar / Japanese Yen broke below the up trendline at 96.21, one week ago. This is a bearish sign. This up trendline, currently with an ending point at 97.56, now provide upside resistance. Prices have declined 1.32% since the breakout.
Elliot Wave Analysis
Elliott Waves High Volatility has detected an Isolated Low at 95.80 one bar ago ; this is usually a bullish sign
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!
The present wave patterns are:
fast amplitude (8%): bullish wave 5
moderate amplitude (13%): bullish wave 1
Technical Outlook
Short Term:Neutral
Intermediate Term:Bearish
Long Term:Bullish
USDJPY prices close
HIGHER than the 200 Moving Average
HIGHER than the 50 Moving Average
LOWER than the 20 Moving Average
The current trend for US Dollar / Japanese Yen is Bullish. US Dollar / Japanese Yen broke below the up trendline at 96.21, one week ago. This is a bearish sign. This up trendline, currently with an ending point at 97.56, now provide upside resistance. Prices have declined 1.32% since the breakout.
Elliot Wave Analysis
Elliott Waves High Volatility has detected an Isolated Low at 95.80 one bar ago ; this is usually a bullish sign
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!
The present wave patterns are:
fast amplitude (8%): bullish wave 5
moderate amplitude (13%): bullish wave 1
Technical Outlook
Short Term:Neutral
Intermediate Term:Bearish
Long Term:Bullish
