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.
Cancel Confirm
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.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
3 Feb 2022

USD/JPY Price Analysis: Pierces weekly resistance line to aim for 200-HMA

  • USD/JPY picks up bids to refresh intraday high, snaps four-day downtrend.
  • Firmer RSI, clear break of short-term resistance favor buyers.
  • 200-HMA, 38.2% Fibonacci retracement restrict immediate upside, sellers need validation from 114.15.

USD/JPY consolidates weekly losses around 114.55 while heading into Thursday’s European session.

The yen pair recently crossed a downward sloping trend line from Monday to refresh intraday top. The bullish bias also gains support from the upbeat RSI line, not oversold.

As a result, the latest advances approach the 200-HMA level near 114.65 before challenging the 38.2% Fibonacci retracement (Fibo.) of January 24-28 upside, near 114.85.

Should USD/JPY bulls keep reins past 114.85, the 115.00 threshold and the weekly peak surrounding 115.55 should return to the charts.

Alternatively, pullback moves remain elusive until staying beyond the previous resistance line of 114.35.

Adding to the downside filters is seven-day-old horizontal support near 114.15, a break of which will not hesitate to direct USD/JPY prices toward 113.50.

Overall, USD/JPY is up for fresh advances as sour sentiment underpins US dollar recovery.

USD/JPY: Hourly chart

Trend: Further recovery expected

 

Feb 3, 2022

Gold Futures: Further upside unlikely

Open interest in gold futures markets extended the downtrend for yet another session on Wednesday, this time shrinking by nearly 3K contracts accordin
Read more Previous
Feb 3, 2022

USD/TRY tests highs above 13.50 even as Turkish FinMin dismisses further lira depreciation

Turkish Finance Minister Nureddin Nebati downplays expectations of further depreciation of the lira, in his latest interview with the Nikkei Asian Rev
Read more Next