sell usd/jpy at the level 93.65 with targets at 93.19 and 92.63, but in case of breaking the level 93.81, then buy above this level with targets at 94.32 and 94.69
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sell usd/jpy at the level 93.65 with targets at 93.19 and 92.63, but in case of breaking the level 93.81, then buy above this level with targets at 94.32 and 94.69
the pair resume corrective movement approaching the point,s 93.50
the Japanese yen continued to rise against it,s U.S counterpart today . falling pair of peak height reached by the movement evening around 94.00
USD/JPY MY Choice is Sell
let's see when H4 was seen candel buy much smaller at this time. I think the USDJPY pair will continue to trend down to the level of 92.70 when successful in penetrating it will continue to the level of 91.36 and 92.70 levels if not successful in penetrating the USDJPY will rise to a level of 94.21 or can be moreSpoiler:
R3= 94.59
r2= 94.27
r1= 93.92
pivot= 93.60
s1= 93.25
s2= 92.93
s3= 92.58
This pair still shown a strong downtrend mode after broken 93.29 and it is expected to touch 93.03. By the way, if price rebounce from 93.29 then it may retrace for upwards movement. A buying plan will be valid after price broken 93.81 barrier.
sell usd/jpy at the level 93.63 with targets at 92.53 and 92.27, but in case of breaking the level 93.57, then buy above this level with targets at 94.22 and 94.50
USD/JPY intraday: turning down.
Pivot: 93.80.
Our preference: SHORT positions below 93.8 with 92.75 & 92.4 in sight.
Alternative scenario: The upside penetration of 93.8 will call for a rebound towards 94.2 & 94.45.
Comment: the pair is breaking below its support and should face further weakness as the RSI is badly directed.
in the h1 time frame this pair is having a resistance at 93.60 and the price is also rejected form this level. it is moving down side but now it is over sold with sothc and cci indicator so up trend is expected but for it will not able to break the resistance at 93.80 so we can hold our short position.
USD / JPY Extends Weekly Decrease
Despite the rise in equities ahead of an expected "stimulus" BoJ, USD / JPY moved lower on Wednesday. Correcting the end of U.S. session rise and fall to a lower level this week, comes as low as 93.14.
The market has spent the week under consolidated in a tight range. Japan All Industry Index rose 1.8% in December (MoM), beating consensus of 1.6%.
UBS analyst bullish: "Support Strong in 92.17 offer recovery if there is an extension of a bull trend," wrote Gareth Berry, pointing to the resistance at 94.46 ahead of 97.79.
Support: 93.17, 93.08, 92.96
Resistance: 93.58, 93.49, 93.37