Technical Analysis and Outlook
The Yen finished slightly higher coming from of Mean Support 111.77 while progressing to major Key Support 109.54, as well as Currency Dip 109.80, while the upside re-performing Dead-Cat-Bounce to Mean Resistance 112.82 is very unlikely.
The Yen finished slightly higher coming from of Mean Support 111.77 while progressing to major Key Support 109.54, as well as Currency Dip 109.80, while the upside re-performing Dead-Cat-Bounce to Mean Resistance 112.82 is very unlikely.
Note
October 28The Japanese Yen finished much lower and stalled at Mean Support 111.77 - Stage 4 is intact and continue its bearish sentiment.
Note
October 31Yen prices closed above Mean Resistance 112.820; however, bears continuously enjoy the considerable overall near-term technical edge. Meanwhile, the bulls can look forward to a possible retest of the Key Resistance 114.53.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.