Trade indices Online
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

Forex technical analysis: USDJPY (JPY pairs) tumbling lower

Discussion in 'Technical Analysis' started by ForexLive, Aug 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    15,240
    Likes Received:
    1
    New lows for the week The USDJPY has just moved to new week lows taking out the Wednesday low at the 100.96 level. The S&P futures turned negative after the week retail sales and PPI data US (down -2 points currently). On the move lower, the pair has moved below the "old trend line" that traders used to lean against in trading just yesterday. That line comes in at 101.23 currently. Keep an eye out for selling against the level.

    Read full forex technical analysis here
     

Share This Page

Trade indices Online