{"id":1628,"date":"2021-08-02T13:48:35","date_gmt":"2021-08-02T16:48:35","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1628"},"modified":"2021-08-02T13:48:37","modified_gmt":"2021-08-02T16:48:37","slug":"jpy-pairs-move-lower","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/08\/02\/jpy-pairs-move-lower\/","title":{"rendered":"JPY pairs move lower."},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Buying of JPY pairs as London traders exit<\/h2>\n\n\n\n<p>The JPY pairs are moving lower as London traders exit for the day.\u00a0<\/p>\n\n\n\n<p><br><strong>USDJPY:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210802\/2021-08-02_9-06-23.jpg\" alt=\"Buying of JPY pairs as London traders exit\"\/><\/figure>\n\n\n\n<p>The USDJPY is\u00a0trading to a new session low at 109.182. The\u00a0the pair started the New York session just below its 100 day moving average at 109.574, and\u00a0has been able to stay below that moving average level. The\u00a0momentum to the downside increased as ISM data came out weaker than expected. THe\u00a0price move below the swing low from July 20 at 109.326.\u00a0 The\u00a0next target comes in at the low from July at 109.060.\u00a0\u00a0Close risk now\u00a0intraday is the low from Friday&#8217;s trade at 109.354. Stay below keeps the bears fully in control.<\/p>\n\n\n\n<p><br><strong>GBPJPY:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210802\/2021-08-02_9-09-50.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>The GBPJPY\u00a0is trading to a new session low and in the process is testing its 38.2% retracement of the move up from the July 20 low. That level comes in at 151.53. It is also testing the swing low from July 27 at 151.56. Earlier today, the price toyed with the 200 hour moving average (green line). Over three hourly bars the price traded above and below the level but sellers have piled in over the last few hours with the help of lower US rates, lower\u00a0oil prices and the US stocks giving up gains. That has\u00a0led to risk off flows which hurts pairs like the GBPJPY.\u00a0\u00a0<\/p>\n\n\n\n<p><br>The\u00a0next targets come in at swing lows from July 26 at 151.38 and\u00a0July 22 at 151.24.\u00a0 THe\u00a050% retracement of the move up from the July 20 low comes in at 150.943.<\/p>\n\n\n\n<p><br>The 200 hour MA has been left in the dust but it\u00a0remains a risk defining level for the sellers at 152.175.<\/p>\n\n\n\n<p><br><strong>EURJPY:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210802\/2021-08-02_9-25-02.jpg\" alt=\"EURJPY\"\/><\/figure>\n\n\n\n<p>The EURJPY\u00a0has also broken below the 100 and 200 hour moving averages\u00a0over the last few hours and that has led to a sharp decline. For the EURJPY, the\u00a0pair tried to hold support against the 200 hour moving average (green line), but cracked with the moves lower in the JPY pairs, and has\u00a0raced lower over the last few hours. The\u00a0prices now approaching the 50% midpoint of the move up from the July 20 low. That\u00a0level comes in at 129.57.\u00a0\u00a0The swing low from July 27 comes in at 129.536.\u00a0 Breaking below each\u00a0should open the door for further downside momentum.\u00a0\u00a0<\/p>\n\n\n\n<p><em>Source:<a href=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/jpy-pairs-move-lower-20210802\" data-type=\"URL\" data-id=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/jpy-pairs-move-lower-20210802\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.forexlive.com\/technical-analysis\/!\/jpy-pairs-move-lower-20210802<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying of JPY pairs as London traders exit The JPY pairs are moving lower as London traders exit for the day.\u00a0 USDJPY: The USDJPY is\u00a0trading to a new session low at 109.182. The\u00a0the pair started the New York session just below its 100 day moving average at 109.574, and\u00a0has been able to stay below that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1069,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1628","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1628"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1628\/revisions"}],"predecessor-version":[{"id":1629,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1628\/revisions\/1629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1069"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}