{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-jpy-continuation-pattern-in-play\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-jpy-continuation-pattern-in-play\/","headline":"USD\/JPY Continuation Pattern In Play!","name":"USD\/JPY Continuation Pattern In Play!","description":"USD\/JPY is traded at 113.88 level far above 113.39 today\u2019s low. DXY\u2019s rally after yesterday\u2019s sell-off forced the USD to take the lead again. Also, the Yen is still vulnerable as the Japanese economic data disappointed. On the other hand, the US economic data have come in mixed. The Core PCE Price Index rose by […]","datePublished":"2021-10-29","dateModified":"2021-10-29","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/USDJPY_2021-10-29_15-59-03.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/USDJPY_2021-10-29_15-59-03.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/usd-jpy-continuation-pattern-in-play\/","about":["USD\/JPY"],"wordCount":213,"keywords":["forex setups","trading","trading idea","USD\/JPY"],"articleBody":"USD\/JPY is traded at 113.88 level far above 113.39 today\u2019s low. DXY\u2019s rally after yesterday\u2019s sell-off forced the USD to take the lead again. Also, the Yen is still vulnerable as the Japanese economic data disappointed.On the other hand, the US economic data have come in mixed. The Core PCE Price Index rose by 0.2% matching expectations, while the Employment Cost index increased by 1.3% beating 0.9% expected. The Personal Income dropped more than expected, while Personal Spending has come in line within expectations.Later, the US Chicago PMI and the Revised UoM Consumer Sentiment could be decisive. Positive figures could help the greenback to appreciate further versus its rivals.USD\/JPY Technical Analysis!As you can see on the h4 chart, the USD\/JPY pair dropped within a down channel pattern. Technically, it has found support on the 0.23% retracement level and now is almost to reach the downtrend line, the channel\u2019s resistance.Failing to approach and reach the weekly S1 (113.02) signaled that the sellers are exhausted. Making a valid upside breakout through the downtrend line could activate further growth. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}