Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/JPY Technical Analysis: Remains confined in a narrow trading range below 110.00 handle

   •  The pair has been oscillating within 60-70 pips broader trading range since the beginning of this week and has managed to hold/defend confluence support.

   •  The mentioned support, comprising of 200-hour EMA and a five-day-old ascending trend-line, might now act as a key pivotal point for intraday/short-term traders. 

   •  Given repeated rejections near the 110.00 handle, neutral technical indicators on hourly/daily charts point to indecision over the pair’s near-term trajectory. 

   •  Hence, it would be prudent to wait for a convincing breakthrough the recent trading range before traders start positioning for the next leg of a directional move.

USD/JPY 1-hourly chart

USD/JPY

Overview:
    Today Last Price: 109.78
    Today Daily change %: -0.06%
    Today Daily Open: 109.85
Trends:
    Daily SMA20: 109.35
    Daily SMA50: 110.49
    Daily SMA100: 111.77
    Daily SMA200: 111.27
Levels:
    Previous Daily High: 110.09
    Previous Daily Low: 109.61
    Previous Weekly High: 109.74
    Previous Weekly Low: 108.5
    Previous Monthly High: 110
    Previous Monthly Low: 104.75
    Daily Fibonacci 38.2%: 109.79
    Daily Fibonacci 61.8%: 109.9
    Daily Pivot Point S1: 109.61
    Daily Pivot Point S2: 109.37
    Daily Pivot Point S3: 109.13
    Daily Pivot Point R1: 110.09
    Daily Pivot Point R2: 110.33
    Daily Pivot Point R3: 110.58

 

Canada Participation rate came in at 65.6%, above expectations (65.4%) in January

Canada Participation rate came in at 65.6%, above expectations (65.4%) in January
Read more Previous

Canada: Net change in employment in January rises 66.8K vs 8K expected

"The number of people employed grew by 67,000 in January, mostly among youth aged 15 to 24 and in the services-producing industries," Statistics Canad
Read more Next