# USD/JPY Long-Term Retracement (May 27, 2013) Source: https://www.tradersway.com/resources/market-info/usd-jpy-long-term-retracement-may-27-2013/ Language: en Updated: 2013-05-27 Description: Explore USD/JPY Long-Term Retracement (May 27, 2013). After that. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. After that strong rally that lasted for nearly a couple of months and more than a thousand pips, USD/JPY seems to be in the mood for a major correction. On the 4-hour time frame, the pair is pulling back to the 99.50 to 100.00 area, which acted as resistance in the past. This is in line with the 61.8% to 50% Fibonacci retracement levels, which could act as support from now on. Stochastic is already in the oversold region, suggesting that USD/JPY could rebound soon. The oscillator has also made a bullish divergence from the lows at the start of May. ![USD/JPY Long-Term Retracement (May 27, 2013)] The BOJ has made no changes to their current monetary policy scheme while the Fed has expressed intention to scale down their bond purchases within the year. This should keep USD/JPY supported in the near term. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/usd-jpy-long-term-retracement-may-27-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/usd-jpy-long-term-retracement-may-27-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usd-jpy-long-term-retracement-may-27-2013/", "headline": "USD/JPY Long-Term Retracement (May 27, 2013)", "inLanguage": "en", "datePublished": "2013-05-27T10:34:19+00:00", "dateModified": "2013-05-27T10:34:19+00:00", "articleSection": "Market Info", "description": "Explore USD/JPY Long-Term Retracement (May 27, 2013). After that. 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