Thread: Usd/Jpy
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USDJPY has hit its target on the day of gains on the 83.30 resistance area, but since the opening session of the movement of the USDJPY has moved up beyond the area of resistance is therefore open up to 84.05 as the next resistance area. If the 84.05 resistance area can not be reached today, the USDJPY will be corrected down to the nearest support area at around 82.90 area.
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.
I told you I was rolling the dice and that was about the only thing I got right. Anyway had my short stops in so didn't get hurt too much. On the daily that was ~160 pip run up so it will need to go down a bit to position for a buy. Monthly indicators show a big trend on the up--monthly's doesn't help too much for trading but does give an overall direction. It will probably test the 111.xx area.
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.
The pair was able to penetration of the resistance for the sideway range shown on the attached chart at 82.80, now it is testing a force barrier of 83.45 which represent the most important short-term uptrend level.
We now expect that the upward trend would continue, but with the achievement of the two major conditions, the first break of 83.45 to open the way to 85.60, and the second stability above 81.70
Expected trading range for today is between: Support 82.80 Resistance 85.60
General tendency expected for the day: UP
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Time frame H1-
in H1 time frame we can see that price break it resistance at 83.53 but not able to make continue in up direction price again falling and hit 83.30.
trading is in the direction of break out direction. as per my analysis we can see the break out in down side we can short this pair at 83.20 and take profit is near 82.80
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The pair continues rising and aiming to 83.933.
Resistance: 83.933, 84.866, 85.960
Support: 83.065, 82.219, 81.399
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.
Daily Pivots: (S1) 82.73; (P) 83.01; (R1) 83.54;
USD/JPY rises to as high as 83.63 so far today and is gaining strong momentum. Intraday bias remains on the upside and current rise from 77.13 should now target 84.17 key resistance level next. We'd be cautious on topping signal after USD/JPY breaks this resistance. But after all, break of 82.11 support is needed to be the first sign of near term reversal. Otherwise, we'll stay bullish.
In the bigger picture, rise from 77.13 is viewed as a leg inside the consolidation pattern from 75.56. Such rally could extend to 84.17 and above. But after all, there is no clear indication of long term trend reversal yet. As long as 85.51 resistance holds, we'd expect the downside from 124.13 to resume sooner or later to a new low below 75.56.
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Hamzagoroo (2019-06-07)
After a sideways consolidation, USDJPY breaks above 82.83 resistance and reaches as high as 83.43,
suggesting that the uptrend form 79.07 has resumed. Further rise could be expected after a minor consolidation,
and next target would be at 84.00 area. Support is at 82.85, as long as this level holds, the uptrend will continue.
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.
Hamzagoroo (2019-06-07)
The yen fell 0.25% to Y82.78 level against the U.S. dollar after the Japanese government informed of the launch of rockets from North Korea around 9:49 am on Japan time. The rocket headed south, passing Okinawa and fell into the sea east of the Philippines. During the European session the yen continued to weaken falling to its lowest level in more than eight months against the dollar amid the speculation that the central bank of the U.S. and Japan will conduct measures to support their economies. The issue caused reducing of the demand for safe haven assets. The USD / JPY pair rose to Y82.93 level.
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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