World > Trade

USD/JPY Technical Analysis: Under pressure, eyes 50-day MA support

1 month ago   |   By FXCM

The Japanese Yen is flashing red despite the uptick in equity markets.
USD/JPY's hourly chart shows a rising channel breakdown.
The pair looks set to test the 50-day average support.
USD/JPY is currently trading at 108.64, representing marginal losses on the day, having faced rejection at the downward sloping 5-day moving average resistance of 108.78.
The anti-risk Yen is looking to gain ground despite the 0.10% gain in the S&P 500 index. The Asian stocks are also flashing red with Japan's Nikkei adding 0.17%, possibly in response to comments by President Trump that trade talks with China...
Read more ...

 


Search by Tags

   Trade      Markets  


Arrested Huawei CFO's lawyers argue that the charges against her are not a...

Arrested Huawei CFO's lawyers argue that the charges against her are not a crime in Canada

Meng Wanzhou, 47, appeared at the hearing in Vancouver on Tuesday wearing the GPS ankle monitor she has been fitted with while free on bond pending extradition to the U.S. Read more ...

Tottenham 'launch bid for Manchester United and Real Madrid target Boubakary...

Tottenham 'launch bid for Manchester United and Real Madrid target Boubakary Soumare'

The 20-year-old midfielder has admirers across Europe, with Manchester United, Chelsea, Arsenal, Real Madrid and Valencia all linked with a move. Read more ...

Prince Harry and Meghan Markle are reportedly threatening legal action over...

Prince Harry and Meghan Markle are reportedly threatening legal action over a paparazzi photo of the duchess, and Canadian law experts say it's 'new territory' for the country

Prince Harry and Meghan Markle have reportedly asked their lawyers to warn media outlets of legal action after paparazzi captured a photo of the duchess walking her dogs and... Read more ...

Shane Dawson said he asked Kat Von D to stop sending him free makeup while...

Shane Dawson said he asked Kat Von D to stop sending him free makeup while working with Jeffree Star

Shane Dawson released 36 minutes' worth of deleted footage from his latest docuseries in a video called "The End of the Beauty World" on Tuesday. While opening a press package... Read more ...

Coronavirus US outbreak: What are Coronavirus symptoms? How to avoid...

Coronavirus US outbreak: What are Coronavirus symptoms? How to avoid catching deadly virus

CORONAVIRUS: A case of the deadly Coronavirus has been confirmed in the US, after a traveller from China was diagnosed in Seattle, Washington. What are the symptoms of this... Read more ...

Taylor Swift reveals her mom has been diagnosed with a brain tumor amid her...

Taylor Swift reveals her mom has been diagnosed with a brain tumor amid her second battle with breast cancer

Taylor Swift discussed her mom's ongoing health struggles in a new interview with Variety. Swift revealed that doctors discovered a brain tumor while her mom, Andrea Swift, was... Read more ...

Taylor Swift's Netflix documentary Miss Americana features brand new...

Taylor Swift's Netflix documentary Miss Americana features brand new political anthem

The countdown begins Taylor Swift 's upcoming documentary Miss Americana will feature her unheard politically-inspired song Only The Young. The You Need To Calm Down singer's... Read more ...

Coronavirus LIVE: First US case reported as deadly virus SPREADS across the...

Coronavirus LIVE: First US case reported as deadly virus SPREADS across the world

CORONAVIRUS has now crossed into the US, according to a source close to the Centre for Disease Control, after developing in the Chinese city of Wuhan and subsequently infecting... Read more ...

Disney Plus is finally coming to the UK and Europe on March 24, bringing...

Disney Plus is finally coming to the UK and Europe on March 24, bringing 'The Mandalorian' and Baby Yoda with it

Disney has announced a launch date for its dedicated streaming service Disney Plus in Europe. Disney Plus will be coming to the UK, Ireland, France, Germany, Italy, Spain... Read more ...

Reese Witherspoon Is Literally All Of Us After Watching Netflix's Cheer

Reese Witherspoon Is Literally All Of Us After Watching Netflix's Cheer

You can, you will, you must...watch Cheer on Netflix. The documentary series-released in early January-follows the competitive cheerleaders at Navarro College, who are... Read more ...