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USD/JPY currency pair.
forecast Date - Tue Dec
Today forex signal - Buy.
Support 3 - Support 2 - Support 1.
111.66 - 112.17 - 112.50
Resistance 1 - Resistance 2 - Resistance 3.
113.34 - 113.85 - 114.18
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
Forex Forecast with price level.
USD/JPY - pair in focus.
Current Price - 110.20
main support level - 109.85
main resistance level - 110.53
Pair likely to be in Sell today.
Winning signals - Profit signals.
Today Target Pair - USD/JPY
Today main profit zone .
110.34 - 110.37 - 110.41
Today main support zone.
110.19 - 110.23 - 110.26
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
The trading rang for today is among the major support @ 80.50 and the key of resistance @ 81.10.
The general over short term basis is to the upside targeting 81.10 as far as area of 81.35 .
The pair is in downtrend so down movement until 80.10 is expected. But if price able to break 80.70, we'd see up movement hitting 81.30
According to the Japanese currency daily chart downwards .. so in general expect falling of pair ... now we see that there is a strong support level 77.50, but the last few candles shot to the north ... but I think that the price is above 78.35 will hardly rise ... so expect a new wave of sales of about that level ....
Technical analysis of Usd/Jpy trend is bearish today
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:113.11
2> Resistance level is: 113.69
3> Resistance level is: 114.07
Supporting level is
1> Supporting level is: 112.31
2> Supporting level is: 112.01
3> Supporting level is: 111.47
JPY The pair positively marked yesterday's trading after the price found the floor of strong support at 120.50, approaching now re already testing the breached support which turns into resistance at 122.00, as long as the price is below this level, we will continue tipping bearishness over intraday and short term , waiting for a break of 120.50 to confirm open the way towards 118.87 zones.
Dollar yen traded in a positive way during the day yesterday, breaking above the downtrend line since June 5. However, the pair has been halted by (R1) barrier of 123.75, which represents the rise since July 2. As long as the dollar yen is trading above the falling trend line mentioned, and above the rising trend line in the short term taken from the lowest level in the July 8, I see a positive image in the near term. I expect to break 123.75 resistance (R1) to open the way for the next resistance at 124.45 (R2). However, with a look at the oscillators, I see the possibility of withdrawal before shooting the bulls again. The transition to the daily chart, I think the recent rise is the first sign that the decline was just a corrective phase and that the uptrend in the long term is preparing once again.
According to the Japanese currency daily chart downwards .. so in general expect falling of pair ... now we see that there is a strong support level 77.50, but the last few candles shot to the north ... but I think that the price is above 78.35 will hardly rise ... so expect a new wave of sales of about that level ....
Pair is : Usd/Jpy
Today trend is : bearish
today resistance and supporting level with the price of stop lose and take profit
Resistance level is : 113.66
other resistance is : 113.86
Supporting level is :113.27
Other support is : 113.09
Set the take profit is: 113.33
Set the stop lose is: 113.62