Trading news

USD/JPY: analysis and forecast

Current trend

The pair USD/JPY has been trading within a descending channel since the beginning of the week. On Monday the pair has hit the lows at 103.90. However, today USD/JPY is rising again due to the nomination of the Janet Yellen as the leader of US FedReserve.


The upper border of the channel won’t let the pair up, but the course can reach the middle MA of Bollinger Bands indicator at 104.65 and then pull back to the levels of 104.15 and 103.80 (lower border of the channel). On the four-hour chart technical indicators give controversial signals. Bollinger bands are directed downwards, the price chart can’t break through the middle MA. MACD histogram is in negative zone and can soon cross the zero line from below, forming a signal to buy. Stochastic lines are directed upwards.


It is recommended to open short trades at current price with take-profits around 103.80.


Dmitriy Zolotov

Analyst of LiteForex Group of Companies

Tuesday, 07 Jan, 2014 / 8:28

Source :

Trading news


Dollar firms, stocks slip amid US stimulus doubts

  Talks on US stimulus package continue but deal in doubt after [...]

Posted on Thursday, 22 Oct, 2020 / 9:34 under

Up to the US Elections Results

The US economy has recovered modestly in the third quarter thanks to [...]

Posted on Thursday, 22 Oct, 2020 / 9:18 under

OIL dropped 2.5% after excess supply – US OIL Market Outlook – 22/10/2020

WTI Crude dropped by more than 2.50%, hitting our short entry support targets, [...]

Posted on Thursday, 22 Oct, 2020 / 7:55 under