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the pair is hovering below important resistance at 82.00 ,also approaching to top of the descending channel,and 120 period moving average also,oscillator shows overbought and evreything is prepared fot going short at the market with good risk/reward rathio . my tp is placed at 80.00
Having failed to overcome the lower limit of the downward channel on the daily chart in the past trading week, the USD / JPY currency pair moved 116 points to the north (109.03 - 110.19). Indicators are now hinting at the possibility of further buying the pair to the levels of resistance for the next trading week - 110.48 and 110.91. Support levels for the next trading week are 109.75 and 109.32.
Daily overview for UsdJpy
The price is finding the first support at 109.83 and the next support is at 109.58 The price is finding the first resistance at 110.28 and the next resistance is at 110.50 I predict price will be continued flying today. The first target is the level 110.42 After fixing below the first target, then price will go to the level of 110.72 will become the next one. we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Trading recommendations for trading Open Buy
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 .
technical analysis of Usd/jpy is sell
Current Price is ;110.09
Resistance and supporting price is ,,,,
Resistance Price is :
1. Resistance Level:110.54
2. Resistance Level:110.79
3. Resistance Level: 111.05
Supporting price is :
1. Supporting Level: 109.97
2. Supporting Level: 109.85
3. Supporting Level: 109.74
My daily trading,I hope the day is a success ...
USD/JPY (Daily Trade)
Open : 0.9814
Resistance : 0.9860 0.9880 0.9910
Support : 0.9730 0.9710 0.9680
High / Low : 0.9830 / 0.9680
Range : 70 pips
Running Price : 0.9785
for intraday trade today suggest SELL at the level 0.9785, stop loss at the level 0.9860, target take profit at the level 0.9710 or TP 0.9680
===GOOD LUCK===
USDJPY pair
I see the daily chart that indicate complete uptrend of this pair. Exponential Moving Average (5) 0.71003 : BULL, Simple Moving Average (5) 0.71032 : BULL, Exponential Moving Average (10) 0.70951 : BULL, Simple Moving Average (10) 0.70939 : BULL, Exponential Moving Average (20) 0.70962 BULL. my predict price will flying today. If you choose BUY position, then put a take profit at 110.37 and stop loss at 109.50. Please avoid using big lot for your trade because this business is very dangerous. anything can happened in forex market. good luck to your trading my friend and I hope you can make consistent profit everyday.
Support Resistance Level :
Potential Resistance1 = 110.11
Potential Resistance2 = 110.30
Potential Resistance3 = 110.49
Potential Support1 = 109.65
Potential Support2 = 109.44
Potential Support3 = 109.61
USDJPY on the market today at 75.78 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit positions at 75.03 You put a stop loss positions at 75.87 that's indicator Bollinger Bands is trend down and signal Parabollic Sar is BEARISH TREND
The following resistance and supporting level of this pairs is as below :
The First Resistance -- 75.78
Second Resistance -- 76.00
Third Resistance -- 76.13
The First Support -- 75.28
Second Support -- 75.05
Third Support -- 74.93
1 Resistance is: 110.33
2 Resistance is: 110.66
3 Resistance is: 110.99
1 Supporting is: 109.79
2 Supporting is: 109.45
3 Supporting is: 109.13
Ye pair downtrend ke movement par hain par agar ye 80.71 touch hota hai to 81.21 tak jaa sakta hain. Maine 80.66 me sell kiya tha aur 80.12 me closed kar diya.