Gold

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XAUUSD

Delayed 10:53:29 2024-04-26 am EDT			5-day change	1st Jan Change
2,332 ^USD	+0.06%		-2.03%	+13.03%

05:03pm	National Bank of Canada Keeps "Outperform" Rating, C$25 Price Target on Eldorado Gold after Q1 Earnings Beat Estimates	MT
04:35pm	Agnico Eagle Mines Left With "Outperform" Rating, $104 Price Target at National Bank of Canada on Strong Q1 Results	MT

USD/JPY Rallies for 6th Consecutive Day

October 22, 2015 at 03:20 pm EDT

DailyFX.com -

Daily

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-USD/JPY has gone straight up since hitting support. The 55 and 200 day averages (which just made a bearish cross) are in the 120.80-121 zone and could provide resistance but as mentioned previously, “…the rate found support today (10/15) from the parallel extends off of the October 15th, 2014 low (10/15 must be a popular day to sell Yen). This line also pinpointed the 8/24/15 crash low. It’s tough to be bearish as long as this line holds.”

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

original source

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