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the U.S. 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.
USD/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
110.07 - 110.19 - 110.34
Resistance 1 - Resistance 2 - Resistance 3.
110.60 - 110.73 - 110.87
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
usd.jpy
Resistance UP ^
pivot point # 109.50
1#Resistance 109.65
2# Resistance 108.68
3# Resistance 109.74
Support DOWN V
1# Support 109.50
2# Support 109.34
3# Support 109.20
If there is no patience when we are doing our analysis in the forex market, I just wonder what would become of our trading accounts at the end of the day because of the fact about losses, people that have used patterns that makes sense would really understand that there are different challenges to be encountered in the forex market which means that we may face something that cannot be avoided in the forex market, without money management, different challenges would automatically surface that can make everyone that has a good knowledge to lose their trading account and our trading shows that we need to engage in some basic responsibility that would make it possible for us to gain ability to make money from the market as it stands.
Usd/Jpy Analysis:
Trend; bullish
Moving Average: Buy
Pivot Point -::- 109.72
S 1 -::- 109.70
S 2 -::- 109.36
S 3 -::- 109.18
R 1 -::- 109.77
R 2 -::- 109.95
R 3 -::- 110.16
It is the time to sell now , the pair has corrected its direction because of facing the strong resistance represented in the downtrend line , i think this pair will continue moving down in the downtrend channel shown in the H4 chart , so i think it will be good deal to sell now . Good Luck
(Kitco News) - Gold and silver prices are down in early U.S. futures trading Wednesday, as it appears the bearish aspect of reduced consumer demand for the precious metals amid the potential for a slowdown in global economic growth is presently trumping the safe-haven demand aspects of the coronavirus scare. China, which is hit hardest by the outbreak, is a world leader for consumer gold demand. It can also be correctly argued the gold market is seeing a corrective pullback from recent solid gains that pushed prices to a seven-year high earlier this week. April gold futures were last down $5.90 an ounce at $1,644.10. March Comex silver prices were last down $0.241 at $17.95 an ounce.
USD JPY Analysis | Yen Analysis | Dollar Yen Forex Forecast - Economies.com
Economies.com provides the latest technical analysis of the USD/JPY (Dollar Japanese Yen). You may find the analysis on a daily basis with forecasts for the global daily trend. ... The USDJPY pair resumes its positive trading to test 110.00 barrier, reinforcing the expectations of ...
1 Support 109.72
2 Support 109.63
3 Support 109.51
1 Resistance 109.92
2 Resistance 110.23
3 Resistance 110.54
USD/JPY
Bullish: Currently we are at 110.45 in a range. We are looking for one more move to the ATR Target @ 110.76 and then a continuation later to the range top @ 112.09 area.. The average daily true range (ATR) for the pair currently is 60 pips. WATCH THE USDX for more clues.