# USDJPY Triangle Support (Mar 22, 2018) Source: https://www.tradersway.com/resources/market-info/usdjpy-triangle-support-mar-22-2018/ Language: en Updated: 2018-03-22 Description: Explore USDJPY Triangle Support (Mar 22, 2018). USDJPY is still. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. USDJPY is still inside its triangle consolidation pattern and is testing support at the 105.60 level. A bounce from this area could lead to another test of resistance at 106.30 or a break higher. However, the 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This suggests that support is likely to break or that resistance would probably hold. The 100 SMA dynamic resistance is also around the top of the triangle. Stochastic is heading south, also indicating that bearish pressure is present, but the oscillator is nearing oversold conditions and might be ready to turn higher to draw buyers back in. The Fed hiked interest rates by 0.25% as expected in their latest policy statement but dollar bulls seemed disappointed over the lack of changes in the dot plot. Although GDP forecasts for this year and the next were upgraded and a couple of CPI estimates also revised higher, policymakers are still projecting three hikes this year versus expectations of four. Economic data from Japan has been weaker than expected today, though. The flash manufacturing PMI fell from 54.1 to 53.2 instead of improving to the estimated 54.3 figure. ![USDJPY Triangle Support (Mar 22, 2018)] Only medium-tier reports are due from the US next, namely the flash manufacturing and services PMIs. Not much change from the earlier reading is eyed, and disappointing reports could cast further doubts on Fed tightening plans. *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-triangle-support-mar-22-2018/#primary", "url": "https://www.tradersway.com/resources/market-info/usdjpy-triangle-support-mar-22-2018/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usdjpy-triangle-support-mar-22-2018/", "headline": "USDJPY Triangle Support (Mar 22, 2018)", "inLanguage": "en", "datePublished": "2018-03-22T07:15:14+00:00", "dateModified": "2018-03-22T07:15:14+00:00", "articleSection": "Market Info", "description": "Explore USDJPY Triangle Support (Mar 22, 2018). USDJPY is still. 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-triangle-support-mar-22-2018/#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 Triangle Support (Mar 22, 2018)", "item": "https://www.tradersway.com/resources/market-info/usdjpy-triangle-support-mar-22-2018/" } ] } ] } ``` ```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" } } ] } ```