{"id":104459,"date":"2020-09-10T10:21:37","date_gmt":"2020-09-10T09:21:37","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104459"},"modified":"2020-09-10T10:22:37","modified_gmt":"2020-09-10T09:22:37","slug":"104247-usd-jpy-bounce-meets-resistance-around-106-18","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104247-usd-jpy-bounce-meets-resistance-around-106-18\/","title":{"rendered":"USD\/JPY Bounce Meets Resistance Around 106.18"},"content":{"rendered":"<ul>\n<li>The 50-hour moving average gives support for up-move.<\/li>\n<li>Hourly RSI in bear territory puts doubt on bullish strength.<\/li>\n<\/ul>\n<p>USD\/JPY bulls managed to pull back the pair from the daily low of 106.05 with help from the risk-on market environment. Hopes of coronavirus vaccine and the US stimulus deal drove the equity rally signifying the ebullient market mood.<\/p>\n<p>The Treasury yields supported the US dollar, but the greenback couldn&#8217;t run up much as the safe-haven appeal was not in vogue, capping the USD\/JPY upside.<\/p>\n<p>The spot crawled back from a dip below the 50-hour simple moving average &#8211; around 106.10.<\/p>\n<p>The bullish 21-hour moving average and the horizontal 100-hour moving average meet around 106.18, which would attract fresh selling.<\/p>\n<p>A decisive break above 106.18 will give more momentum to the bulls, and then the falling trendline resistance at 106.28 will be the next challenge to surmount.<\/p>\n<p>The 50-hour moving average supports the pair, but a move below that could trigger fresh selling, and bears will target 106.00.<\/p>\n<p>The Relative Strength Index is in the bear territory, around 47.30, below the index-midline, indicating potential weakness head.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 50-hour moving average gives support for up-move. Hourly RSI in bear territory puts doubt on bullish strength. USD\/JPY bulls managed to pull back the pair from the daily low of 106.05 with help from the risk-on market environment. Hopes of coronavirus vaccine and the US stimulus deal drove the equity rally signifying the ebullient [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":4998,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2675,1381],"tags":[1397,3168],"class_list":{"0":"post-104459","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jpy","8":"category-usd","9":"tag-us-dollar","10":"tag-usd-jpy"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/JPY Bounce Meets Resistance Around 106.18 - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104247-usd-jpy-bounce-meets-resistance-around-106-18\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104247-usd-jpy-bounce-meets-resistance-around-106-18\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104247-usd-jpy-bounce-meets-resistance-around-106-18\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/JPY Bounce Meets Resistance Around 106.18\",\"datePublished\":\"2020-09-10T09:21:37+00:00\",\"dateModified\":\"2020-09-10T09:22:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104247-usd-jpy-bounce-meets-resistance-around-106-18\\\/\"},\"wordCount\":185,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104247-usd-jpy-bounce-meets-resistance-around-106-18\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100708-gbp-usd-budget-promises.jpg\",\"keywords\":[\"us dollar\",\"usd\\\/jpy\"],\"articleSection\":[\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104247-usd-jpy-bounce-meets-resistance-around-106-18\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104247-usd-jpy-bounce-meets-resistance-around-106-18\\\/\",\"name\":\"USD\\\/JPY Bounce Meets Resistance Around 106.18 - 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