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USDJPY forms a Bullish 5-0 pattern and it's now on PRZ
USDJPY after the large green candle due to economic news , we have now a nice setup to catch the possible next wave up perfect point entry now and aim for 109.400 as tp1 then 109.600 as tp2 then if price reach those 2 tp's we will be looking on the top.
Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
The market is spiking down below the main SMAs as bears are taking over. The market is approaching support near 108.75. A break below this level can open the doors to further losses towards 108.40 and the 108.11/107.90 price zone,
The market is spiking down below the main SMAs as bears are taking over. The market is approaching support near 108.75. A break below this level can open the doors to further losses towards 108.40
I anticipate this pair USD JPY have bullish course
.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
I recommend to take LONG position today.
time allotment that is considered while making backing and opposition levels – Day by day and Week by week time allotment, think about the day by day monetary news before taking the exchange.
USD/JPY: Today's Live Exchange Rate Data, Chart, Statistics, Spreads, Volumes and Historical Comparisons.
Latest USD/JPY Exchange Rate: 108.4755
Current Month High: 108.935
Percent Change: +0.0613%
Current Month Low: 106.492
Latest USD/JPY Exchange Rate: 108.4755
Current Month High: 108.935
Percent Change: +0.0613%
Current Month Low: 106.492
Time Frame - 4 Hour
Currency pair - USD/JPY
Buy @ - 108.95
Stop Loss - 108.24
Take Profit - 109.52
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
the pair and as we can see from the chart is trading now above the level of 1.3700 , so when ever the pair success in breaking 1.3700 , that's mean the down trend will be assured and the pair might head to 1.3670 and then 1.3640
Pivot, Resistance Levels and Support Levels for
USD / JPY For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 109.731
Resistance Level (R2): 109.649
Resistance Level (R1): 109.563
Pivot Point: 109.481
Support Level (S1): 109.395
Support Level (S2): 109.313
Support Level (S3): 109.227