{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-jpy-extends-its-downside-movement\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-jpy-extends-its-downside-movement\/","headline":"USD\/JPY Extends Its Downside Movement!","name":"USD\/JPY Extends Its Downside Movement!","description":"The USD\/JPY pair plunged in the last hours signaling strong sellers and a potential deeper drop. The pair ignored strong downside obstacles, stabilizing under these broken obstacles may announce more decliens. Fundamentally, the Japanese Trade Balance was reported at -0.44T versus -073T expected. On the other hand, the USD received a hit from the US […]","datePublished":"2022-01-21","dateModified":"2022-01-21","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\/2022\/01\/USDJPY_2022-01-20_15-58-26-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-20_15-58-26-1.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/usd-jpy-extends-its-downside-movement\/","about":["USD\/JPY"],"wordCount":219,"keywords":["Forex","Trade Setup","USDJPY"],"articleBody":"The USD\/JPY pair plunged in the last hours signaling strong sellers and a potential deeper drop. The pair ignored strong downside obstacles, stabilizing under these broken obstacles may announce more decliens.Fundamentally, the Japanese Trade Balance was reported at -0.44T versus -073T expected. On the other hand, the USD received a hit from the US Unemployment Claims which was reported at 286K far above 227K in the last week. Later, the US is to release the Existing Home Sales which is expected at 6.42M versus 6.46M in the previous reporting period.USD\/JPY Technical Analysis!Technically, the pair retested the weekly pivot point of 114.49 where it has found strong resistance. Now, it challenges the inside sliding line (sl) of the descending pitchfork. A valid breakdown below it and a new lower low, a bearish closure below 114.02 could signal more declines.Failing to come back to test and retest the descending pitchfork\u2019s upper median line (uml), USD\/JPY signaled strong downside pressure. As long as it stays within the descending pitchfork\u2019s body, the pair could still be attracted by the median line (ml). 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."}