Japanese Yen Pairs- Which Currency Pairs Broke The Support Trends

February 24, 2013 in Chart Alert

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

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