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According to my analysis USDJPY succeeded to achieve waited target at 109.44 and settles near it, and the price falls under continuous negative pressure coming by the EMA50, which supports the chances of breaking level and extend the correctional bearish wave to reach 108.80 as a next main target.
Therefore, will continue to suggest the bearish trend in the upcoming sessions, noting that breaching 110.08 and holding above it will stop the current negative pressure and push the price to start recovery attempts that target testing 110.86 areas initially.The expected trading range for today is between 108.80 support and 110.40 resistance. The expected trend for today is Bearish.
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where this formation could become usable is for Euro bears that are, in fact, expecting a break of range support. As discussed in yesterday’s webinar, the level of importance for such a scenario appears to be around 1.1250, which is very near the 38.2% Fibonacci retracement of that prior down-side run. A break below that support zone opens the door for a re-test of range support, followed by the potential for a down-side breakout.
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USDJPY
SUPPORTING level and RESISTANCE level
S3: 109.07
S2: 109.75
S1: 110
PP: 110.42
R1: 110.68
R2: 111.1
R3: 111.78
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The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.55. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
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USDJPY
Bears are taking a breather on Friday following steep fall in past three days that cracked key support at 109.71 (25 Mar low) but s far failing to register close below.
Overextended daily techs and markets awaiting news from US/China trade talks, keep bears temporarily on hold, but fears that talks would end without deal, with potential escalation of trade conflict, keep risk-off mode in play and support safe-haven yen.
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that when we history it tumbling down as it were. Somewhere in the range of 20 yrs back, cost was all the more then 300, around 10 years back cost was around 150 and now 80, perhaps after 5 yrs cost goes to 50.
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"Hello dear (indian-forex) members of this great community, :) Today I want to share with you my intraday analysis of USD/JPY. :)))
USD/JPY is Strong Sell according to four-hour chart. RSI(14)'s value is (42.675), STOCH(9,6)'s value is (37.045) and STOCHRSI(14)'s value is (2.05).
Let's have a look at today's Support and Resistance levels:
Pivot Point: 109.78
Support 1: 109.67
Support 2: 109.59
Support 3: 109.48
Resistance 1: 109.87
Resistance 2: 109.97
Resistance 3: 110.06
According to the current scenario I would like to recommend you to keep an eye on the pivot point and take your trade according to the support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable day ahead! :happy: :peace:"
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My dear the technical analysis of this pairs and the trend of this pairs Usd/Jpy is bearish
The resistance and supporting level of this pairs is as under.
The resistance level of this pairs.
First. Resistance level is=110.05
Second. Resistance level is=110.42
Third. Resistance level is=110.74
The supporting level of this pairs.
First. Supporting level is=109.40
Second. Supporting level is=109.05
Third. Supporting level is=108.74
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The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.55. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
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The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.55. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
