USD/JPY on the verge of breaking the up-trend completely

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD anchored by December downtrend “On the FX side, the dollar was better bid against commodity currencies. The euro gained as well since it has been performing well lately in times of stress.” - Jefferies (based on Reuters) Pair’s Outlook On Wednesday the most popular FX cross was testing the 1.08 area, which is reinforced by 55-day SMA at monthly pivot point. However, by the end of American trading the pair bounced off to close near 20-day SMA at 1.0880. The short-term

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