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today's market technical analysis for USD/JPY
market trend is going bearish
market resistance and support levels could as
current price =111.56
1-Resistance level =111.89
2-Resistance level = 112.09
3-Resistance level = 112.41
1-Support level =111.23
2-Support level = 111.03
3-Support level =110.71
Hi! I moved out buying the pair because of fundamental and technical reasons with inside the day looking negatively. On the 4 hour chart, we are trying to work on the envelope but still open for growth while in the area of buyers in both of the ADX and within the envelope. However, I am skeptical to enter below 111.15 since this hints the first signal of fixing profits. Another aspect I am uncertain is fighting for the middles line which is still in the zone of buyers for a longer period. Considering the medium term, it’d be best not to go lower than 110.60, where the exit should take place. Then, the present situation of a correction in the second wave can be confirmed and anticipate for a further rise of the third wave.
the U.S. sovereign credit rating downgrade by Standard and Poor’s triggered a strong selloff across global bourses, where investors abandoned risky assets and shifted their investments to the yen, which increased expectations for another intervention from the BOJ.
Hello to all! It was a failed attempt for the bears to breakthrough the medium-term horizontal resistance of 112.10. The candle closed with a long upper wick that can be translated in a strong signal of reversal. At the same time, the MACD established a sell signal on all timeframe. I anticipated a decrease in the area of 111.00. Wish you luck!
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the U.S. sovereign credit rating downgrade by Standard and Poor’s triggered a strong selloff across global bourses, where investors abandoned risky assets and shifted their investments to the yen, which increased expectations for another intervention from the BOJ.
this is my analysis for USDJPY
hopefully it will be good & understandable and help you to earn good profit in trading. Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible the breakdown of the resistance level at 111.30 and the pair will continue to go down to the next level level at 111.08 in my personal view this pair will be continue bullish trend, for intraday trading today I suggest SELL at the level 111.39 stop loss at the level 110.94 and target take profit at the level 111.74
Resistance1 : ------- 111.77
Resistance2 : ------- 112.00
Resistance3 : ------- 111.73
Support 1 : -------- 111.32
Support 2 : -------- 111.13
Support 3 : -------- 111.69
if market movement as my scenario, you can earn good profit and avoid much loss in your trading . keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.
pair is:Usd/Jpy
trend is:sell
Resistance levels is:
Resistance 1 is:111.86
Resistance 2 is:112.34
Resistance 3 is:112.67
Supporting levels is :
Supporting 1 is :111.10
Supporting 2 is :110.90
Supporting 3 is : 110.61
Today's market technical analysis for usd/jpy
price 111.56
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 111.60
2-Resistance level = 111.70
3-Resistance level = 111.90
1-Support level = 111.40
2-Support level = 111.30
3-Support level = 111.00
today USD/JPY Price support
Resistance 1 112.47
Resistance 2 112.65
Resistance 3 112.80
Support 1 111.90
Support 2 111.68
Support 3 111.73