USD/JPY Technical Analysis | USD/JPY Trading: 2021-11-30 | IFCM UK
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USD/JPY Technical Analysis - USD/JPY Trading: 2021-11-30

USD/JPY Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 112.67

Sell Stop

Above 113.73

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2452
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

USD/JPY Chart Analysis

USD/JPY Chart Analysis

USD/JPY Technical Analysis

The technical analysis of the USDJPY price chart on 1-hour timeframe shows USDJPY: H1 is retracing down under the 200-period moving average MA(200) which is declining. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 112.67. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 113.73. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - USD/JPY

Japan’s unemployment rate declined in October. Will the USDJPY price retreating continue?

Japan’s unemployment rate declined in October: the Statistics Bureau reported unemployment rate ticked down to 2.7% in October from 2.8% in September, when no change was forecast. This is bearish for USDJPY.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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