Usd/Jpy

Technical trend of Usd/Jpy is sell trend

Pivot Point is : 111.72

strong supporting level


1> resistance:111.45
2> resistance:111.57
3> resistance:111.69


strong resistance level


1>support :111.23
2>support : 111.14
3>support :111.02

Usd jpy is showing bearish trend.
Its recommend to take a sell trade on this pair.
Don't risk your money and maintain lot size.
Happy trading.

Intraday bias in USD / JPY at the moment remains neutral. A deeper decline remains moderate in favor, since the short-term peak has already formed at 112.40. On the other hand, the breakthrough of support 110.84 adds to the case of reversal and target support of 109.71 and below. Nevertheless, a decisive breakthrough of 112.40 will confirm the resumption of growth of resistance 114.54.

downtrend, this pair still go down for next week and maybe for longer ... we can see it at TF1H and TF4H, although there is a gap market for monday, it will go deep till touch level 76.700
dynamic fluctuation is good for scalping or intra day

Today's market technical analysis for usd/jpy

price 111.33

market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as

1-Resistance level = 111.55
2-Resistance level = 111.80
3-Resistance level = 112.00

1-Support level = 111.00
2-Support level = 110.80
3-Support level = 110.70

Usdjpy

s3: 111.11
s2: 111.23
s1: 111.3

p: 111.34

r1: 111.42
r2: 111.46
r3: 111.58

USD/JPY remains on the downside for 77.99 support. As noted before, recent price actions from 77.66 should either be a three wave consolidation pattern that's completed at 79.65, or a five wave triangle pattern. In either case, recovery attempt should be capped below 79.65 resistance and downside breakout is expected eventually. Below 77.99 should extend the fall from 84.17 through 77.66 towards 75.56/76.02 support zone.

USD / JPY at the moment remains neutral. A deeper decline remains moderate in favor, since the short-term peak has already formed at 112.40. On the other hand, the breakthrough of support 110.84 adds to the case of reversal and target support of 109.71 and below. Nevertheless, a decisive breakthrough of 112.40 will confirm the resumption of growth of resistance 114.54.


1-Resistance level = 111.55
2-Resistance level = 111.80
3-Resistance level = 112.00

1-Support level = 111.00
2-Support level = 110.80
3-Support level = 110.70

. 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.

today's market technical over view for USD/JPY

according to market technical analysis the market have sell trend
the market trend could remain in this position
expected resistance and support levels
market price ----------111.42

1- Resistance level----------111.62
2- Resistance level----------111.87
3- Resistance level----------112.07
1- Support level-------------111.18
2- Support level-------------110.97
3- Support level-------------110.73