Thread: Usd/Jpy
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The US dollar managed to take a step higher against the yen on Monday, still benefitting from the strong NFP report, but failed to break above the 99.45 zone and pulled back.However, the USD/JPY setback found support at the 20-hour SMA around 99.14 during the NY session, leaving the pair directionless within a narrow range.On the upside, if USD/JPY manages to break above 99.45, next resistances are seen at 99.55 (Apr 25 high) and 99.75 (Apr 24 high). On the other hand, supports could be found at 99.04 (daily low) and 98.55 (20-day SMA).
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As you see in my following attached chart, the pair traded between a high of 99.26 and a low of 97.89 closed at 99.03. Today the pair trades below the resistance line of 99.95.
Downside Scenario: If USDJPY trades below the resistance line of 99.95, a decline to the levels of 98.90, then 98.40 could be seen.
Upside Scenario: If the pair breaks above the resistance line of 99.95, this could push the pair to the levels of 100.40, then 100.80
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
USD/JPY intraday: the upside prevails.
Pivot: 98.8
Our preference: Long positions above 98.8 with targets @ 99.5 & 99.75 in extension.
Alternative scenario: Below 98.8 look for further downside with 98.4 & 98.1 as targets.
Comment: the pair remains on the upside and is approaching its resistance.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Pair : USDJPY
Updated : Mon, May 06 21:07
price : 99.27
movement : 28.4 Pips
movement : 0.29%
Support : 97.33
Pivot : 98.71
Resistance : 100.08
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I race usd / jpy will remain above .. due to the economic situation in the country is still unstable ... America is likely to penetrate the top level. if prices break through the 100.00 level in make sure the price will keep going up
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Here USD/JPY is the buyers choice till its resistance 100.00, I think markets are awaiting for the break of 100.00, If it could break in this week then it could try to break 110.64 level but before that it could test the support area 97.02. I am long with this pair above 98.00.
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Usd/jpy pivot levels by using fibonacci pivot indicator.
r3: 100.15
r2: 99.60
r1: 99.27
pivot : 98.72
s1: 98.18
s2: 97.84
s3: 97.30
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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