USD/JPY: a SELL opportunity

USD/JPY: a SELL opportunity

2021-02-17 • Updated

USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December. This is the third time the price comes to this level. As a result, a correction to the downside is likely. The decline below support at 105.85 will open the way down to 105.60 (200-day MA). The further fall will make the pair vulnerable for a fall to the lower border of the short-term uptrend at 105.00.

The market awaits the release of the US retail sales and the FOMC meeting minutes. IF the former is worse than expected, USD/JPY will get hurt.

Trade idea for USD/JPY

SELL 105.80; TP 105.60; SL 105.90

SELL 105.40; TP 105.00; SL 105.60



USD/JPY: a SELL opportunity


How about shorting the pound?
How about shorting the pound?

The level of 23.6% Fibonacci retracement at 1.3795 is in the focus on the H4. The next level to watch on the downside is 1.3755.

USD/CAD looks vulnerable
USD/CAD looks vulnerable

USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.

Latest news

Oil: about to beat $63?
Oil: about to beat $63?

After reaching $60, WTI oil has taken a new pattern - still an uptrend, though. When will it make the next step?

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera