# USDJPY SMA Crossover (Dec 12, 2014) Source: https://www.tradersway.com/resources/market-info/usdjpy-sma-crossover-dec-12-2014/ Language: en Updated: 2014-12-12 Description: Explore USDJPY SMA Crossover (Dec 12, 2014). USDJPY may be due for. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. USDJPY may be due for a downtrend as the pair recently broke below the rising trend line on the 1-hour time frame and SMAs are crossing down. Price pulled up from the 118.00 support zone to the area of interest at the 119.00 mark, which might hold as resistance. Stochastic is indicating a pickup in selling pressure, as the indicator is moving down from the overbought area. At the same time, the short-term 100 SMA seems to be crossing below the 200 SMA, which could be a sign of a reversal. MACD is also moving down and reflecting a return in bearish dollar momentum. With that, USDJPY could test its recent lows at 118.00 or perhaps create new lows if sellers are strong enough. Shorting at market with a stop above the 120.00 handle or broken trend line and aiming for the 117.00 area of interest could yield a 2:1 return on risk for a short-term trade. Bear in mind though that data from Japan has mostly been lower than expected this week while data from the US has continued to impress. The BOJ is more likely to ease monetary policy again while the Fed is already on track to hike interest rates sometime next year. However, these biases have long been priced in and traders might be keen to book profits on their long USDJPY positions until the end of this year. ![USDJPY SMA Crossover (Dec 12, 2014)] Event risks for this USDJPY trade today include the release of US PPI figures and the University of Michigan consumer sentiment index. Headline producer prices could dip 0.1% due to the recent drop in oil prices while core producer prices might see a 0.1% uptick. Consumer sentiment is likely to have improved in November, with the index slated to climb from 88.8 to 89.6. *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/usdjpy-sma-crossover-dec-12-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/usdjpy-sma-crossover-dec-12-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usdjpy-sma-crossover-dec-12-2014/", "headline": "USDJPY SMA Crossover (Dec 12, 2014)", "inLanguage": "en", "datePublished": "2014-12-12T08:01:24+00:00", "dateModified": "2014-12-12T08:01:24+00:00", "articleSection": "Market Info", "description": "Explore USDJPY SMA Crossover (Dec 12, 2014). USDJPY may be due for. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/channel/UChRC072YJGlNNNYhg_0hZeA", "https://www.facebook.com/tradersway.forex.broker", "https://twitter.com/TradersWay", "https://www.instagram.com/traderswayforex/", "https://t.me/tw_eng" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/usdjpy-sma-crossover-dec-12-2014/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "USDJPY SMA Crossover (Dec 12, 2014)", "item": "https://www.tradersway.com/resources/market-info/usdjpy-sma-crossover-dec-12-2014/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```