- USD/JPY's 15-minute chart shows a bearish channel.
- A breakout would open the doors for a re-test of Wednesday's high.
USD/JPY is trapped in an expanding descending channel, as seen on the 15-minute chart.
A convincing move above the channel hurdle, currently at 105.57, would confirm the breakout and signal a resumption of the rally from the Aug. 5 low of 105.32. On the higher side, key resistance is seen at 105.68 – the peak of the descending channel.
On the downside, support is seen at 105.46 (channel low), which, if breached, would expose the Aug. 5 low of 105.32. At press time, the pair is trading at 105.56.
A breakout looks likely with the daily chart flashing early signs of a bullish reversal. The pair carved out a big bullish engulfing candle on July 31, terminating the downtrend from the March 24 high of 111.71.
15-min chart
Trend: Bullish
Technical levels
FXStreetから転載、著作権はすべて原作者に帰属します。
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。