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Japanese Yen Pairs- Which Currency Pairs Broke The Support Trends

February 24, 2013 2:12 am GMT+0  in Chart Alert

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Some Japanese yen currency pairs had been following clear support trends. In this post we will check any updates of some of those pairs.

USD/JPY – Trend continues

Past 14 weeks the price action has been mainly over 5-Week EMA level and the 5-week EMA has been acting as support. The trend continues even when there is a loss of momentum in the uptrend. Check USD/JPY weekly chart:

USD/JPY 5 week EMA - weekly chart

EUR/JPY – Indication of a Break in the ┬áTrend

EUR/JPY was also following the same trend of support near 5-week EMA for past 13 weeks. The trend seems to be breaking now even though the weekly closing was above that support level. Check EUR/JPY weekly chart:

EUR/JPY 5 week EMA - Weekly chart

GBP/JPY Breaks the trend

GBP/JPY had been finding support near 5-week EMA for 9 weeks continuously. The first break of that took place 4 weeks back but the pair again recovered and mainly stayed over that support level. Now that trend seems to be finally broken. Check GBP/JPY weekly chart:

GBP/JPY 5 week EMA - weekly chart

AUD/JPY – Will the trend break soon?

Like other JPY pairs, AUD/JPY was also seeing the same trend for past 16 weeks where the support has been coming near the 5-week EMA. The loss of momentum in the uptrend and the early efforts to break below that support gives a warning that the currency pair may break that trend.

AUD/JPY 5 week EMA - weekly chart

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2 responses to Japanese Yen Pairs- Which Currency Pairs Broke The Support Trends

  1. i would like to have more analizes abouth the pair gbp/jpy
    thank’s

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