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Today analysis for the pair of :Usd/Jpy
--- Trading opinion for the best profitable trade: Open buy ---
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
Resistance level of this pair is:
1# Resistance is: 111.54
2# Resistance is: 111.75
3# Resistance is: 112.08
Supporting level of this pair is :
1# Supporting is: 110.88
2# Supporting is: 110.67
3# Supporting is: 110.34
Today's market technical analysis for usd/jpy
price 111.25
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 111.50
2-Resistance level = 111.70
3-Resistance level = 111.99
1-Support level = 111.10
2-Support level = 110.90
3-Support level = 110.60
Todays analysis for the pair Usd jpy.
The trend is showing a bullish movement for this pair.
Buy signal for the hourly time frame.
Support levels:-
S1 110.91
S2 111.04
S3 111.12
Resistance levels:-
R1 111.25
R2 111.30
R3 111.43
USD/JPY
USD/JPY is the forex ticker used to represent the US Dollar and Japanese Yen exchange rate on currency markets. It is used to ascertain the value of the US Dollar against the Yen, telling traders how many Yen are needed to buy a US Dollar. The Dollar-Yen combination is one of the most commonly traded forex pairs – second only to EUR/USD – because it values two of the largest and most influential economies in the world. Traders can use the live USD/JPY chart as an indicator of not only Japan’s economy, but as a benchmark for Asian economic health and even the global...
usdjpy minor trend has spiked above dmas upon the formation of the hammer at 107.656 levels, shooting star counters at 111.882 levels. while bulls are attempting to test support at 21-dmas.
upon any breach below these levels, more slumps seem to be likely as both leading oscillators ( rsi & stochs) indicate overbought pressures.
on the flip side, the major trend has been in the consolidation phase, while trend indicators indecisive, we see bullish invalidation on retrace below 50%. although hammer pattern has occurred at 106.260 levels, ever since then the minor price trend has been spiking through range-bounded trend, hanging man has occurred at 112.942 levels to counter.
well, we see stiff resistance at 112.369 and strong supports at 110.294 levels (on daily charts ). the major trend, bulls seem to be exhausted at 61.8% fibonacci levels from the lows of june 2016, (refer monthly plotting), the trend on this timeframe, is stuck in tight range.
trade tips: contemplating above technical rationale, it is wise to bid tunnel spreads with upper strikes at 111.438 and at 110.733 levels. the strategy is likely to fetch leveraged yields as long as the underlying spot fx keeps dipping but remains well above lower strikes on the expiration.
alternatively, on hedging grounds, long-term investors are advised to stay short in futures contracts of mid-month tenors. the writers of the futures contract are expected to maintain margins in order to open and maintain a short futures position.
currency strength index: fxwirepro's hourly usd spot index was at -4 (which is neutral), while hourly jpy spot index was at 66 ( bullish ) at 08:58 gmt .
USDJPY Analysis
Support 110.75
Support 110.38
Support 109.87
Resistance 111.68
Resistance 112.05
Resistance 112.42
Currency pair is : usdjpy
Trend is : sell
Resistance and supporting level
Resistance level
1 Resistance is: 111.50
2 Resistance is: 111.70
3 Resistance is: 111.90
Supporting level
1 Supporting is: 110.99
2 Supporting is: 110.70
3 Supporting is: 110.40
Today analysis for the pair of : usd/jpy
Trading opinion for the best profitable trade: Open buy
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
Resistance level
1 Resistance : 111.55
2 Resistance : 111.80
3 Resistance : 111.99
Supporting level
1 Supporting : 111.10
2 Supporting : 110.80
3 Supporting : 110.60
Achieved the dollar versus the yen strong break to the level of 122.00 and fell sharply, touching 76.4% Fibonacci correction of the rise, this level is at 120.50, and breaking it would extend losses pair to reach the bottom level registered in advance at 118.87.
my dear sir today of my tachnical analysis isusd jpy sell to bearish trends
1# Resistance is: 111.54
2# Resistance is: 111.75
3# Resistance is: 112.08
1# Supporting is: 110.88
2# Supporting is: 110.67
3# Supporting is: 110.34