Tuesday, March 29, 2011

USD/JPY 82.2601

The USD/JPY recently broke past resistance at 82.00, reaching a fresh 2-week maximum at 82.15 where it begins to stall at time of writing. The pair has been showing modestly bullish tendencies as of late, pulling back from lows seen around mid-March due to the catastrophe in Japan.

Stoyan Mihaylov of Deltastock reports: “The pair is in a downtrend from 94.96 high. Trading is situated below the 50- and 200-day SMA, currently projected at 82.25 and 83.95. Current bias is positive, but we favor an unsuccessful test of 82.00 resistance and a slide towards 80.50, en route to 79.61. Initial support on the downside remains 81.48.

source: fxstreet.com

Posted by at

13 comments:

  1. SphyrixMarch 29, 2011 at 7:07 AM

    thanks for sharing :)

    ReplyDelete
  2. A.C.BrownMarch 29, 2011 at 7:25 AM

    i know what all these words mean. on opposite day

    ReplyDelete
  3. SterlingMarch 29, 2011 at 10:08 AM

    wow never thought the USD/JPY will develop in this way. Always thought it will fall further

    ReplyDelete
  4. ChuckMarch 29, 2011 at 10:21 AM

    Thx for update, though I'm looking for GBP info. :)

    ReplyDelete
  5. UnknownMarch 29, 2011 at 11:17 AM

    time to invest some money

    ReplyDelete
  6. Eric PMarch 29, 2011 at 11:23 AM

    Wow, that's really low for the Yen. Haven't seen it that low in a long time.

    ReplyDelete
  7. benchmarkMarch 29, 2011 at 12:33 PM

    I'm conflicted on the Yen. I think people are in a panic about the earthquake and the reactor troubles causing a temporary decline in the Yen's value, but it'll recover.

    ReplyDelete
  8. Aaron M. GipsonMarch 29, 2011 at 3:42 PM

    Wow, it sure didn't take long for the Japanese yen to bounce back did it?

    ReplyDelete
  9. Green BusMarch 29, 2011 at 4:53 PM

    Good to know. Thanks for the info.

    ReplyDelete
  10. RootYourDroid.netMarch 29, 2011 at 5:45 PM

    I really need to invest some money, this blog is really helping me decide where to go with it.

    ReplyDelete
  11. edMarch 29, 2011 at 6:51 PM

    82.4 is pretty high

    ReplyDelete
  12. SpikeMarch 30, 2011 at 3:10 AM

    THX

    ReplyDelete
  13. Blog HuntMarch 30, 2011 at 4:25 AM

    Do you think this is because of the recent tsunami and earthquake losses?

    ReplyDelete

Subscribe to: Post Comments (Atom)