Freeforexsignals
JPYUSD LongSymbol: JPYUSD
Time Frame: Daily
Bias: Long
The instrument has reached a critical long term support level ,technically there is high probability of reverse. If market condition is not greatly influenced by fundamental factors, there is a greater possibility of mean reversion and therefore an upward move.
GBP/JPY Signal - GBP GDP Data - 13 Oct 2021GBPJPY is trending to the upside currently prior to the GBP Gross Domestic Product data, which measures the total value of all goods and services produced domestically. Technically the pair has broken above the key 154 level, and the RSI is holding bullish levels. We anticipate continued upside into 155.50.
GBP/USD Signal - GBP Claimant Count Rate - 12 Oct 2021GBPUSD is trending to the upside currently prior to the GBP Claimant Count Rate, which measures the number of people applying for unemployment benefits. Technically the pair has broken the immediate bearish structure, and the 4h chart RSI is mixed. We anticipate continued upside today.
USD/JPY Signal - USD 7 Year Note Auction - 28 Sep 2021USDJPY has bearish divergence prior to the USD 7 Year note auction, which shows the yields on the US Government backed security. Technically the pair has been in a bull market, however the RSI is showing strong bearish divergence and the ADX has dropped showing the trend has lost steam. We anticipate a retracement into support.
GBP/USD Signal - USD 3 Month Bill Auction - 27 Sep 2021GBPUSD is trading to the upside prior to the USD 3 Month bill auction, which reveals the yield on the bill. Technically the pair is trending to the upside and has broken bearish structure, and we anticipate continued pressure to the 1.3780 level.