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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 110.29
This currency name - USD/JPY
Resistance and Target - 110.73
Support and Stop Loss - 109.85
Always follow Long time frame market trend.
Signal is Sell.
USD/JPY currency pair.
forecast Date - Wed Dec 26 2018
Today forex signal - Buy.
Support 3 - Support 2 - Support 1.
109.69 - 109.85 - 110.13
Resistance 1 - Resistance 2 - Resistance 3.
110.57 - 110.73 - 111.01
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.
We expect that the negative pressure continues to dominate on the pair in the coming sessions, depending on the breach of 61.8% Fibonacci resistance, which is now at 121.53, indicating that the breach of this level followed by the 122.00 level will spur price to stop the current negative pressure and then restore the main track rookie
USDJPY yesterday was sideway development. also, presently the cost has descended and make every day LSMA a solid slanting down. at that point we will concentrate on searching for the best short positions. has made a new low cost, and afterward observed ricocheting, odds are the cost will follow a little. benchmark week by week LSMA as yet pointing up, however purchaser strength has started to debilitate, in light of the fact that the situation of the present cost is underneath the week by week LSMA. in the event that day by day LSMA ready to make an amazing failure, it will be a week after week LSMA trendning down. could open a move position today with a stop misfortune zone is around LSMA every day.
Forex Forecast with price level.
USD/JPY - pair in focus.
Current Price - 110.45
main support level - 109.79
main resistance level - 110.99
Pair likely to be in Sell today.
Winning signals - Profit signals.
Today Target Pair - USD/JPY
Today main profit zone .
110.59 - 110.85 - 110.99
Today main support zone.
109.79 - 110.05 - 110.19
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
I continue to hold a long position, the pair continue to not overcome the medium sloping support level (4 hour chart), also MASD shows a buy signal, the first target 78.90.
couple went to the upper boundary of the side channel (resistance 78.80), while rate slightly slowed down around him while waiting for the southern headland formations, stop - coup put above the level of 78.80.
This pair is moving on a triangle as shown in the H4 chart , after becoming so close for the 2 trends , the priority here is to beyond or break the newer trend and go along the older one , so i think this pair will continue move down , but i don't like to gamble we just have to wait a little to see which trend will be broken , then we have to decide even if we will buy or sell it will be safer to do that but in my expectation it will go up making a trending up channel
TODAY'S TECHNICAL LEVELS: Resistance 3: 98.64. Resistance 2: 98.46. Resistance 1: 98.34. Support 1: 97.91. Support 2: 97.78. Support 3: 99.53.