Usd/Jpy

[forexA]

my dear sir today of my tachnical analysis for this usdjpy buy to bullish trand strong,,

Resistance 109.84

Resistance 110.19

Resistance 111.18

Supporting 108.85

Supporting 108.19

Supporting 107.20

[Shair]

usd jpy

Forex Trading Strategy Based on Fundamental Analysis
Technicians do not find it necessary to know the reasons of market changes, but fundamentalists try to discover “why”. The latter analyze macroeconomic data of a specific country or different countries to forecast the given country’s currency behaviour in the nearest future. Based on certain events or calculations, they may decide to buy the currency in the hope that the latter will rise in value and they will be able to sell it at a higher price, or they will sell the currency to buy it later at a lower price.

[Muhammadfaizan]

On the other hand, the greenback is preserving its strength to help the pair push higher.

Today's data from the US showed that the ISM-NY Business Conditions Index in January rose to 45.8 in January from 39.1 in December and the IBD/TIPP Economic Optimism for February rose to 59.8 from 57.4. The US Dollar Index was last seen trading at 0.16% on the day at 97.96.

There won't be any significant macroeconomic data releases from Japan during the Asian session and the risk sentiment is likely to continue to drive the pair.

[Joni]

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[0307148]

This is the news come out after the big up movement from USD/JPY that influence all the Yen pair to go up 100 pips in fast. Nikkei: Bank of Japan intervenes. Separate report: Ministry of Finance confirms intervention. let's see how far the intervention will effect on the chart. since its going up for the Yen pair. while other pair remain silence.

[Sadia260]

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[heel]

I predict this pair have bullish direction
I suggest to take LONG position today

time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade.

money management is very effective for getting profits

[Iqlevel]

The USDJPY breaches the resistance


The USDJPY pair rallied upwards strongly yesterday to breach 109.33 level and settles above it, which stops the recently suggested negative scenario and leads the price to resume trading inside the bullish channel that appears on the chart, paving the way to head towards 110.50 as a next positive target.



Therefore, the bullish bias will be suggested for today unless breaking 109.33 level and holding below it again.



The expected trading range for today is between 109.00 support and 110.50 resistance



The expected trend for today: Bullish

[Zeeshan420]

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 hony ka ishara de rahe hain

Isliye hum ko sell main trade laga deni chahiye

[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
Best of luck.... 👍✌