
What happened? Japanese shares fell on Monday…
2019-11-11 • Updated
USD/JPY has been following a bullish bias and an impulsive structure is being developed since June 14th. That’s why we would like to follow a corrective move towards the 61.8% Fibonacci retracement level in a first degree at 109.80, where we would like to see a rebound. A demand zone can be shown around that area and the pair could bring some good opportunities to go long. In the alternative scenario, a breakout below 109.36 can put in danger that preferred outlook and the pair might plummet towards 108.00.
RSI indicator is still flat but once it turns positive, our bullish outlook could strengthen, with a strong resistance placed around 111.41 yet to be broken.
What happened? Japanese shares fell on Monday…
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
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 will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.