USD/JPY: the yen is accelerating its pace

USD/JPY: the yen is accelerating its pace

On the USD/JPY daily chart, quotes returned to the borders of the downward trading channel. The bears regained control over the pair. We expect the continuation of the downward movements towards i108.8 (50% of the last long-term upward wave) and 107.7 (target 200% in the AB = CD pattern). The nearest important resistance levels can be found near 111.15 and 111.55-111.75.

On the USD/CAD hourly chart, the quotes are sliding towards 161.8% and 224% targets in the AB = CD patterns (109.5-109.7). If they go out from the downward trading channel, it will lead to the correction to 111.45-111.55.

Recommendation: SELL 111,55 SL 112,10 TP 109,7. 




USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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