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Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
I never expected that the USDJPY will have an early uptrend movement this monday since I thought it will at least retrace downward before going up. I think this is just the effect of monday gap and hopefully we can close it so we can see the clear trend direction. I know this is bullish trend but I find it hard to locate a good buy entry signal. As long as the 109.00 support is intact then I will continue buying it but if it breaks then I will stand aside. What are your analysis for USDJPY this week?
USD/JPY opens with a bearish gap amid heightened coronavirus fears.
Some renewed USD buying interest helped limit losses, at least for now.
The USD/JPY pair managed to close the weekly bearish gap and is currently placed near the top end of its daily trading range, just above mid-111.00s.
Following the previous session's sharp intraday pullback from multi-month tops, the pair opened with a bearish gap on Monday and was being weighed down by reviving safe-haven demand for the Japanese yen.
Today market analysis and trend:sell
Indicators and Moving average market ke down hony ka bata rahe hain
Resistance and Support points se bhi market down hoti nazar a ri hai
Hamain sell main trade lagani chahiye
BesT Of LucK
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
Usdjpy
u.s. Dollar / japanese yen
110.533
jpy
+0.338 (+0.31%)
market open (feb 26 10:37 utc-5)
110.195
prev
110.195
open
361.464k
volume
110.129 — 110.702
day's range
think it will fall more and break all time low which is around 78.88 soon, UJ is falling from quite a long time no chance for USD to recover
Foreign Exchange in a Historical Perspective Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange, which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings. The modern foreign exchange market characterized by the consequent periods of increased volatility and relative stability formed itself in the twentieth century. By the mid-1930s London became to be the leading center for foreign exchange and the British pound served as the currency to trade and to keep as a reserve currency. Because in the old times foreign exchange was traded on the telex machines, or cable, the pound has generally the nickname “cable”. In 1930, the Bank for International Settlements was established in Basel, Switzerland, to oversee the financial efforts of the newly independent countries, emerged after the World War I, and to provide monetary relief to countries experiencing temporary balance of payments difficulties. After the World War II, where the British economy was destroyed and the United States was the only country unscarred by war, U.S. dollar became the prominent currency of the entire globe. Nowadays, currencies all over the world are generally quoted against th
USD/JPY opens with a bearish gap amid heightened coronavirus fears.
Some renewed USD buying interest helped limit losses, at least for now.
The USD/JPY pair managed to close the weekly bearish gap and is currently placed near the top end of its daily trading range, just above mid-111.00s.
Following the previous session's sharp intraday pullback from multi-month tops, the pair opened with a bearish gap on Monday and was being weighed down by reviving safe-haven demand for the Japanese yen.
Resisrance level 109.87
Support level is 109.13
Keep Support for more