USD/JPY Price Analysis: Bulls spike to critical 114.30 resistance
16.11.2021, 02:19

USD/JPY Price Analysis: Bulls spike to critical 114.30 resistance

  • USD/JPY bulls taking charge to test the first layer of resistance. 
  • Bulls need to commit at this juncture or face headwinds all the way back to 114.06.

As per the prior analysis, USD/JPY: More bullish daily confluences you can shake a candlestick at, the pair is demonstrating bullish vigour as the Tokyo session picks up in terms of volatility. 

The following illustrates the prospects of a run all the way to the cycle highs near 114.70 for the sessions ahead:

USD/JPY prior daily chart analysis

It was stated, in the above analysis, that ''on the daily time frame, we have multiple confluences of bullish signals. 1. Three line strike which is a reversal pattern. This is a bullish engulfing candle that was printed on November 10. 2. Inverse head and shoulders which is a bullish formation as well. 3. And lastly, Monday's bullish engulfing candle, (albeit with 10 mins left to go until the daily close).''

Meanwhile, on the lower time frames, the price is attempting to break out of the daily neckline as follows:

The price has rallied in 16 pips in a flash but has stalled at the first line of resistance in the high of 114.31. A break there will see bulls move in on the early Nov highs at 114.44 which guard a run all the way to the 2021 highs at 114.70.  However, if the bulls do not commit at this juncture, then the daily trendline resistance and Friday's opening level at 114.06 could come under pressure again. 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik