Usd/Jpy

[Gamabunta]

The US dollar continues to trend in a familiar range below 121.00 level against the Japanese yen. Settles near-term support at 118.78, which is 50% Fibonacci retracement, with a break below that on the basis of the daily closing reveals the way for the 61.8% level at 118.02. Instead, Ricochet above trendline resistance at 119.93 pave the way for a test Tusaphipponacci 38.2% at 120.79.

[ayan2453]

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[ng1985]

pair- usd/jpy
time frame analysis- m15



the down movement of the price is supported at the 119.20 level and moving up side but rejecting with resistance at 119.75 level. if the price is break 119.55 level then short with profit target at 119.30 and stop loss at 119.95
good luck.

[ahmed abdo a]

Forex Trading Support & Resistance

S1: 118.78S
S2: 118.02M
S3: 117.08W
R3: 121.55S
R2: 120.79S
R1: 119.93M

[Gamabunta]

Still JPY The pair confined within the triangle shown image, waiting for a break limbs which is 119.00 support and 119.80 resistance to determine the following price targets more clearly, making us hold onto our position of neutrality so far.

As we pointed out in our previous reports, the break above mentioned support will pay the price to test the level of 117.90 initially, while the penetration resistance will stimulate the price to try to restore the main bullish trend, the first target at 121.83 and extends to 124.00.

Expected trading range for today is among the 118.30 support and 121.00 resistance range

[ducd3vaizo]

Daily Forecast

Major Trend: Bullish
Time Frame: H1
Reason: Stochastic pointing upwards, meaning Fibonacci used is a buy. But predicted only be a correction in the first resistance at 119.73
Recommendation: Wait

[Gamabunta]

I think that we should wait until the price break the red trendline decree below, than we get in long position with take profit at 120.86.

[John202]

USDJPY remained confined in the ranks 119.11-119.40. USDJPY's Traders will focus on 118.40, trigger threshold of a continuation of the decline towards 116.60. The greenback weakened slightly against emerging Asian currencies.

[Gamabunta]

Trading dollar versus the yen slightly positively heading towards the resistance triangle that appears in the image, and whose limbs support 119.05 and resistance 119.80, and as long as the price is between these two levels, we continue to remain neutral to the price he can get out of this triangle to determine the next destination more precisely.

We recall that penetrate the mentioned resistance and then 120.50 will provide an initial key to restore the main bullish trend, which targets start at 121.83 and extends to 124.00, while a break of support will put a negative factor under price pressure downward correction again, the first goal and test level of 117.90.

Expected trading range for today is among the 118.30 support and 120.30 resistance range

[ng1985]

pair- usd/jpy
time frame analysis- m15



the price is moving above the daily resistance at 119.82 level. the stoch indicator is also moving out from the overbought level 80. the price may make correction. short with profit target at 119.45 level and stop loss at the 120.00
good luck