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Because of the momentum of selling , the pair is trading blow the level of 77.00 and that's maybe be lead the movements to downtrend to reach the level of 76.70 , and because of this , a selling position is suggested with a safety stop loss level and targets equal 25 pips or less
the pair and as we can see from the chart is trading now above the level of 77.00 , so when ever the pair success in breaking 77.00 and close 1hour candle under it , that's mean the down trend will be assured and the pair might head to 76.40 on continuous down movements base , good luck .
USD/JPY's fall from 79.52 extended further last week and reached as low as 76.57. Downside momentum was not convincing, and the look of such fall is corrective
If a M15 close above 77 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 75 sell only and do not buy. If price closes back above it again do nothing
The range 77 and 75 is neutral area, any trade done in between is personal decision and not part of this analysis
If a M15 close above 77 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 76 sell only and do not buy. If price closes back above it again do nothing
The range 77 and 76 is neutral area, any trade done in between is personal decision and not part of this analysis
the price of trying to level 78 points higher on the point of a support 76. after penetrating point 78. 79 points is desirable. if prices break through the bottom point 76. the trend is still in a state downtren. and this bullish movement.
USD/JPY gave a good bounce back. It has a good intraday support at 76.70 and a resistance of 77.60. Buying on dips is recommended for the day. Expected intraday range is 76.70 – 77.50.
prices will bergerka toward resistance at the point of a 77.15 and 77.26. thereafter the price will get down to the point of support for the 76.76 zone. end of the movement at the point of 76.74 is a bearish signal
If a M15 close above 77 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 76 sell only and do not buy. If price closes back above it again do nothing
The range 77 and 76 is neutral area, any trade done in between is personal decision and not part of this analysis
The Dollar continues to rally across the board, extending gains through the New York session, supported by the risk-off environment that has led the US currency to fresh highs versus most rivals, even against the Yen.