USD/JPY: Sharp Uptrend Taking A Breather Below 103.00
Zachary Storella | Dec 04, 2013 09:28AM ET
USD/JPY Trends and Fibonacci Retracement Levels:
The USD/JPY currency pair has been virtually unchanged in forex market trading today as this sharply ascending pair looks to take a breather. The USD/JPY has registered a high of 102.828 and reached to a low of 102.232 on the day. Trends data shows the pair is potentially topping out in its short-term uptrend with prices trading right at the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. The Fibonacci target levels include the 0.0% retracement at 103.37 above, and the 23.6% retracement of 101.583 below.
USD/JPY Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 252.7 pips
30-day current trend is BULLISH / Trend strength of 582.4 pips
60-day current trend is BULLISH / Trend strength of 334.5 pips
90-day current trend is BULLISH / Trend strength of 288.2 pips
180-day current trend is BULLISH / Trend strength of 120.7 pips
Fibonacci Retracement Levels: Past 100 Days
– 0.000 – 103.370
– 0.236 – 101.583
– 0.382 – 100.478
– 0.500 – 99.585
– 0.618 – 98.691
– 0.764 – 97.586
– 1.000 – 95.799
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