Usd/Jpy

[Hassinali]

USD/JPY is currently trading in the red just below 107.20, having faced rejection near 107.35 during Monday's North American trading hours. The pair remains stuck in a narrow trading range of 106.60 to 107.50, which has been in place since July 10.

The pullback from the overnight high of 107.35 to 107.20 could be attributed to broad-based US dollar weakness. The dollar index, which tracks the value of the greenback against majors, fell to a 3.5-month low of 95.67 early Tuesday.

Hopes for fiscal rescue package in Europe and the US and progress toward a coronavirus vaccine is likely keeping the safe-haven US dollar under pressure. Markets have treated the greenback as a haven currency since the beginning of the coronavirus crisis.

The European Union (EU) leaders appeared closer to an agreement late Monday for a likely €1.8 trillion ($2.06 trillion) coronavirus spending package meant to reverse the coronavirus-induced slump in the European economies. The news buoyed risk sentiment and strengthened the bid tone around the single currency, pushing EUR/USD above 1.1450.

Additional pressure on the safe-haven dollar stemmed from negotiations for a second stimulus package in the US and encouraging data from Oxford University's coronavirus vaccine and CanSino Biologics' drug developed in coordination with China's military research unit.

Looking forward, the pair may suffer deeper losses if stimulus expectations keep stocks better bid. At press time, the futures tied to the S&P 500 are trading largely unchanged on the day. Meanwhile, the dollar would find haven bids if the focus shifts back to the Sino-US tensions. Investors should note that tensions between the United States and China over the South China Sea have erupted into a war of words on social media.

[Destny03]

Market trand sell.
pair sell ka ban gya hai market kafi up hoii hai and ab
down ki traf movement kar rahi hai so main ye suggest karun ga k humain
trade sell ki laga deni chahie ye humary lie kafi faidy mand sabit ho sakti
hai or last 8 hrs ka chart dekha jaye to saaf pata chalta hai
market up ho k ab down ki traf movement kar rahi hai Good Luck.

[Hafizajmal]

USD/JPY little going on between 106.00 and 108.00 .Last Thursday’s signals*were not triggered as unfortunately the high of the day was just a pip or so short of the resistance level identified at 107.42
So short trade entry bearish price action on H1 time frame .and similarly long term trade is bullish price action on H1 time frame .adjust the take profit and stop loss for better trade performance .
Best of luck

[shoump]

1. Trend analysis today with hma system:
hma 32 as short term trend indicator = red colored, may down trend
hma 192 as medium term trend indicator = blue colored, up trend
hma 860 as long term trend indicator = blue colored, uup trend
So the trend is up.

2. Pivot,ressistance and support level this day:
p: 80.10
r1: 80.39
r2: 80.61
r3: 80.90
s1: 79.88
s2: 79.59
s3: 79.37

[Trump]

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 hone ka he ishaara de rahein hain

Isliye hum ko sell main trade laga deni chahiye

[Focky]

i express my opinion about this pair..As All of you know that . this trading pair is too good for best tradong is pair . this trading pair gives us lot of experience. . by the trading in this pair we will be able to earn large profit .its all becouse of its movement. its all candle pre-inform you about future movement.
95% chances of profit aftar analysis of these indicators So i am always refer the indicator for analysis ... .
i suggest you this analysis indicater for 95% chances...
goodluck..
pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at and strong support at level in hourly time frame there is possible chance price will move to up side


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[jindon]

hello my dear friends how are you , I hope you will be fine everyday
I predict this pair will reach to the next resistance level, maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
BUY position is better choice now, you can set target profit level 35 pips from current price
that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction.
bullish signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
this pair can continue bullish trend today and there is possible chance price will move to up side.

[A2020]

forex trading me trade krne say pehly is ko samajhna both zarore hy agr ap study krne ky bad trade kren gy to ap both ziada profit earn kr sakte hain

[IUB]

Yes i agreed with you, that when we history it falling down only. Some 20 yrs back, price was more then 300, around 10 years back price was around 150 and now 80, maybe after 5 yrs price goes to 50.

[irmafuad]

Best day for all member in this forum .. !
according to Bollinger indicators market trend is Buy
market is going fly
in the market chart black candles going Up trend
supporting and resisitance in good position. there is good flexibility in market chart to take Buy position.
so, trade with confidence, and not to be confused
If you face lose then not to worry about this loss is just part of trading.