Close Menu
My Forex View

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Please enable JavaScript in your browser to complete this form.
    Loading
    What's Hot

    Technical Analysis – USDJPY tests 158.00 level for first time in five months

    December 27, 2024

    Daily Comment – Soft PCE inflation keeps rate cut hopes alive, but markets stay cautious

    December 23, 2024

    Technical Analysis – Gold returns above uptrend line

    December 23, 2024
    Facebook X (Twitter) Instagram
    • Live Market
    • Learn Forex Trading
    • Technical Analysis
    Facebook X (Twitter) Instagram Pinterest Vimeo
    My Forex ViewMy Forex View
    • Home
    • Live Market
      • GBPUSD
      • EURUSD
      • USDJPY
      • XAUUSD
      • All Currency Pair
      • All Commodities Pair
    • Analysis
    • Free Forex Signals
    • Education
    • Tools
      • Economic Calendar
      • Currency Converter
      • Risk of Ruin Calculator
      • Pivot Points Calculator
      • Crypto Exchange Fees Calculator
      • Fibonacci Calculator
      • Forex Rebates
      • Margin Calculator
      • Compounding Calculator
      • Profit Calculator
      • Pip Calculator
      • Lot Size Calculator
      • Drawdown Calculator
    • Blog
    Join Telegram
    My Forex View
    Home » Technical Analysis – USDJPY plummets to new 9-month low
    Technical Analysis

    Technical Analysis – USDJPY plummets to new 9-month low

    Melina DeltasBy Melina DeltasSeptember 11, 2024Updated:November 7, 2024No Comments1 Min Read
    Facebook Twitter LinkedIn Pinterest Email
    • USDJPY confirms the bearish structure
    • Next support at 140.20
    • Momentum oscillators keep moving negative

    USDJPY tumbled to a fresh nine-month low of 140.70 earlier today, boosting the bearish structure that started at the beginning of July. If the market ends the day below the 141.60 strong barrier, then the focus will shift to the 140.20 support, taken from the lows in December 2023. Steeper declines could pave the way for a test of the July 2023 trough at 137.20.

    On the other hand, a rebound from 141.60 could add some optimism about an upside correction, hitting the 143.40 resistance ahead of the 20-day SMA at 144.80. Rising further, the area within 146.45-147.15, which encapsulates the 23.6% Fibonacci retracement level of the downward wave from 161.94 to 141.60, may pause the upside move.

    Technically, the MACD oscillator dives beneath its trigger line in the negative territory, while the RSI points down, approaching the oversold zone.

    In summary, USDJPY plunged to a lower low today, indicating a bearish scenario. Only a decisive jump above the 200-day SMA at 151.00 may switch the outlook to neutral. 

    Source by: XM Global

    Share. Facebook Twitter Pinterest LinkedIn Telegram WhatsApp Copy Link
    Previous ArticleTechnical Analysis – EURUSD seems to have found a floor above 1.1000
    Next Article Technical Analysis – Gold shifts attention to uncharted territory

    Related Posts

    Technical Analysis

    Technical Analysis – USDJPY tests 158.00 level for first time in five months

    December 27, 2024
    Gold

    Technical Analysis – Gold returns above uptrend line

    December 23, 2024
    Technical Analysis

    Technical Analysis – USDCHF bulls are back and want to stay

    December 13, 2024
    Top Posts

    Get a Free Xmaster Formula Indicator Forex for MT4

    July 30, 2024102 Views

    Technical Analysis – ETHUSD trades flat after ETF debut

    July 25, 202446 Views

    Traders Dynamic Index (TDI): Best Strategies and Settings

    August 16, 202435 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    Get a Free Xmaster Formula Indicator Forex for MT4

    July 30, 2024102 Views

    Technical Analysis – ETHUSD trades flat after ETF debut

    July 25, 202446 Views

    Traders Dynamic Index (TDI): Best Strategies and Settings

    August 16, 202435 Views
    Our Picks

    Technical Analysis – USDJPY tests 158.00 level for first time in five months

    December 27, 2024

    Daily Comment – Soft PCE inflation keeps rate cut hopes alive, but markets stay cautious

    December 23, 2024

    Technical Analysis – Gold returns above uptrend line

    December 23, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Please enable JavaScript in your browser to complete this form.
    Loading
    © 2025 MyForexView.
    • Home
    • Analysis
    • Economic Calendar

    Type above and press Enter to search. Press Esc to cancel.