Friday, March 24, 2023
  • Login
  • Register
btclive365.com
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
btclive365.com
No Result
View All Result
Home Forex Trading

Bounces at the 50-day EMA, reclaims 146.00

btclive365 by btclive365
November 9, 2022
in Forex Trading
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


  • USDJPY snaps three days of losses tests the bottom of one-month-old upslope trendline.
  • Sentiment remains downbeat as uncertainty around US midterm elections persists.
  • USDJPY Price Analysis: Buyers reclaiming 146.70 will keep the upward bias intact; otherwise, a fall to the 100-day EMA is on the cards.

The USDJPY trims some of its Tuesday losses and bounces off the 50-day Exponential Moving Average (EMA) as buyers are trying to reclaim the 146.00 figure following three days of consecutive losses. Factors like the US midterm elections are likely to end with split control between Republicans and the Democrats in the US Congress, keeping risk appetite dented. At the time of writing, the USDJPY is trading at 146.10, above its opening price by 0.25%.

USDJPY Price Analysis: Technical outlook

After diving below a one-month-old upslope support trendline, the USDJPY is nearby to getting back above it, suggesting that buyers are gathering momentum. Of note, the Relative Strength Index (RSI) is in bearish territory but with an upslope, implying that the USDJPY would continue upwards once cleared.

In the near term, the USDJPY hourly chart appears to form a base around the 145.00 figure, and on its way towards reclaiming 146.00, buyers cleared the daily pivot point at 145.97 and tested the 146.63 R1 daily pivots. Nevertheless, USD buyers lacked the strength to clear the latter, and USDJPY prices retreated towards 146.20s.

The USDJPY key resistance levels lie at the R1 daily pivot at 146.63, which, once cleared would open the door for a test 100-hour EMA at 146.78, ahead of the psychological 147.00 mark. On the flip side, the USDJPY first support would be 146.00. A breach of the latter will expose the daily pivot point at 145.97, followed by the daily low at 145.17.

USDJPY Key Technical Levels

 



Source link

Previous Post

L2 is crucial to Ethereum decentralization, censorship resistance, says researcher

Next Post

Devconnect: 18-25 April 2022 in Amsterdam

btclive365

btclive365

Next Post

Devconnect: 18-25 April 2022 in Amsterdam

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

How to sell Bitcoin – Bitcoin Magazine

November 9, 2022

Add a Tangible Asset to Your Portfolio: Buy Gold

January 7, 2023

Building Bitcoin Standard In Portugal – Bitcoin Magazine

November 9, 2022

USD/ZAR Rallies as SA President Ramaphosa Faces Potential Impeachment

December 1, 2022

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

1

Building Homesteader Lifestyle With Bitcoin – Bitcoin Magazine

1

Arbitrum dealings activity rockets 550% since August: Delphi Digital

0

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

0

AUD/NZD faces barricades around 1.0700 on downbeat preliminary Aussie PMI

March 24, 2023

UAE central bank signs deal for CBDC strategy

March 24, 2023

Bears in the market, chipping away into key support

March 24, 2023

US enforcement agencies are turning up the heat on crypto-related crime – Cointelegraph Magazine

March 24, 2023

Recent News

AUD/NZD faces barricades around 1.0700 on downbeat preliminary Aussie PMI

March 24, 2023

UAE central bank signs deal for CBDC strategy

March 24, 2023

Bears in the market, chipping away into key support

March 24, 2023

US enforcement agencies are turning up the heat on crypto-related crime – Cointelegraph Magazine

March 24, 2023

We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings

Follow Us

Browse by Category

  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Cryptocurrency News Today
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

Recent News

AUD/NZD faces barricades around 1.0700 on downbeat preliminary Aussie PMI

March 24, 2023

UAE central bank signs deal for CBDC strategy

March 24, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 btclive365 All Right Rivered .

No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

© 2022 btclive365 All Right Rivered .

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In