Usd/Jpy trend is bullish
Resistance and Supporting level is:
Resistance 1:110.69
Resistance 2:110.79
Resistance 3:110.99
Supporting 1:110.42
Supporting 2:110.29
Supporting 3:110.11
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Usd/Jpy trend is bullish
Resistance and Supporting level is:
Resistance 1:110.69
Resistance 2:110.79
Resistance 3:110.99
Supporting 1:110.42
Supporting 2:110.29
Supporting 3:110.11
Usd jpy is fora buy trade for daily chart
Support and Resistance levels:-
S3 109.79
S2 110.02
S1 110.18
R1 110.41
R2 110.5
R3 110.73
Usd/Jpy over all trend is bullish
1, Resistance is : 110.85
2, Resistance is : 111.05
3, Resistance is : 111.21
1, Supporting is : 110.45
2, Supporting is : 110.33
3, Supporting is : 110.12
With my prediction of several indicators for the technical analysis of currency pairs USDJPY on the market today at 111.60 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit at 110.75 positions. You put a stop loss at 111.59 positions
The indicator Bollinger Bands is trend down and signal Parabollic SAR is trend down then Support and resistance at
Resistent1 = 111.60
Resistent2 = 111.72
Resistent3 = 111.85
Support 1 = 110.90
Support 2 = 110.77
Support 3 = 110.65
Technical Analysis – Prices continue to consolidate in a large Triangle chart pattern carved out since late February. The pair is attempting to building higher from support at 97.28, the 50% Fibonacci retracement, with the bulls aiming to challenge the 38.2% level at 98.80. A break above that on a daily closing basis would complete the Triangle and open the door bullish trend resumption, initially exposing the 23.6% Fib at 100.69. Alternatively, reversal below support eyes the 61.8% retracement at 95.76.
The current price action has turned the momentum but I would like to see How it behaves With a break below 96.61 yesterday I would like to see pair carry its momentum towards 95.70 and break there is need to test 93.79 area and we should one more decline before wave IVth is finally finished and we would like to say it would be a long term bottom as a start of new wave
Since market open in asian session this pair moving in 79.61-79.72 area. Yesterday the price down until 79.42 level then in american session retrace from this level and closed in level 79.62.
For technical analysis today :
ma 16 as short term trend indicator= wave form
ma 96 as medium term trend indicator= down
ma 480 as long term trend indicator = down
So the trend is down weak.
The price will touch weekly pivot if up trend occur. But if the price down strong, may be can fall to 79.06 as weekly support 2 level.
Daily updates for the pair --- Usd/Jpy
this pair always gives me a good profit on every trade .today its move is much better than previous .The money management of the trading trend is very effective for getting profits with the stop loss and take profits method of getting with current trade position.
Today Trend for this pair is : buy
overall up movement; 110.74
over all Down movement : 110.31
running point of today market; 110.63
My judgments always make me to control the forex market movement. But please you always put a take loss in your trade for reduce your risk. Best of Luck
Usd/Jpy Resistance and supporting level trend is bullish
1, Resistance is : 110.22
2, Resistance is : 111.11
3, Resistance is : 111.22
1, Supporting is : 110.50
2, Supporting is : 110.30
3, Supporting is : 110.11
The pair demonstrated the northern lights out of the red alligator and now moving steadily stronger above it, but so far for the further growth of the bulls to overcome strong area of the top 3 of fractals 98.40-that will act as a signal to buy, then the targets will be the levels of about 99.00 (strong figure) and 99.80 (upper fractal).