Usd/Jpy

[wahaji]

Negatively influenced by the three technical catalysts discussed in details this morning -check the morning report- the pair is gradually clearing the key levels of support between 79.55 and 79.25 as seen on the provided daily chart. Our morning scenario remains valid and eyes are now on 78.20 zones. On the upside, 80.30 should hold to protect bears. Yeah, this pair is slighlty bullish. But as usual, it goes within the slow moving range. I expect this pair can reach the level price of 79.80 today, not so high as usual. If it could reach the level price of 79.90, I think it'll be rebound for minimum 5 pips before it continues the trend :-)

[tillu]

The momentum resistance of RSI 14 at the level of 50.00 has forced the pair to re-enter the descending channel that started at 84.15 as seen on the provided graph. Furthermore, the initial support of 79.55 was taken with a long black candlestick pattern but the technical catalyst that prevents us from suggesting further drops is that the pair is presently touching 61.8% of the entire upside wave from 76.00 levels to 84.15 zones. We are not completely sure if whether the recent piece action is just a correction for the aforesaid rally or the pair will continue moving lower to retest the significant low once more. Hence, we will stay aside today ahead of the weekly closing until clearer signs appear to pinpoint the next move.

[kaami1122]

Today market trending is buy

Moving average or techincall indicator shows that markete move up side.

We should trade.on buy..
If you understand the marketing strategies then you will earn better profit.

If you cannot learn about market trend then you will face lose..
Thanx. Good bye...

[Royal003]

Today's market trend: Sell

kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down

[Shan55]

Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.Best of luck.

[QasimShop]

Respected members of Indian forum

This pair surely increas the movement down
Side, because of indicators show that the down
Trend

Pivot Point, Moving average ,Crunt price, Rsi,
Resistance and Supporting points, MACD,
Parabolic sar, Bollinger Band, H4, H1, M30,

All the indicators running the favor down
Side
So market trend this time is sell

[Hafiz Saab]

Today market trend: Bullish

Resistance and Support points are depend on market news

So before trading see indicators and then take a decision for trading

Always keep patience and get a huge profit in your trading

Come in forex trading and become a ßillionaire

[waseem98]

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

[ShaziaFx]

Market trand promote.
Pair sell ka ban gya hai marketplace kafi up hoii hai and ab
down ki traf movement kar rahi hai so essential ye suggest karun ga okay humain
trade sell ki laga deni chahie ye humary lie kafi faidy mand sabit ho sakti
hai or remaining eight hrs ka chart dekha jaye to saaf pata chalta hai
market up ho ok ab down ki traf movement kar rahi hai*

[Muhammadfaizan]

The US dollar has remained at weaker levels overnight with further losses mainly concentrated against the yen. It has resulted in USD/JPY moving closer towards the bottom of its current trading range between 106.00 and 110.00 that has held for the majority of time since last May. The yen stands to benefit if optimism over the global recovery begins to fade after the initial sharp bounce back, per MUFG Bank.

Key quotes
“The yen has benefitted more broadly overnight by more evidence of rising geopolitical tensions between China and the West. It has been reported that China has ordered the US to close its consulate in the southwestern city of Chengdu in retaliation for the US decision to close the Chinese consulate in Houston. It follows comments overnight as well from US President Trump who stated that the trade accord with China means “much less to me” because of China’s role in the spread of COVID-19.”

“If the US dollar continues to weaken more broadly, we would expect USD/JPY to start to come under more downward pressure as well going forward.”

“The dollar index broke below the March low yesterday taking it to its lowest level since the autumn of 2018. It increases the risk that USD/JPY could soon break out below the 106.00 to 110.00 range.”