Thread: Usd/Jpy
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We are looking for a EUR-selling opportunity and will sell usd/jpy upon a break below 99.76 or at 98.20 (one order done, cancels the other).
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The USD/JPY has broken down 99.00 ( double zero ) - 98.88 support. This clearly the sign for us to have a bearish view. If price retraced back and rejected the 98.88 level which now is a resistance then we would find a short opportunity.
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Usd/jpy market analysis for 29.07.13 by using moving averages.
EMA10-98.13 signal-neutral.
EMA20-98.19 signal-sell
EMA50-98.41 signal-sell
time frame- 15 min
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Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the CRUDE usd/jpy breaks a bearish candlestick, the support level is at 99.00, take profit is at 98.20, and stop loss is at 101.11.
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Usdjpx has fallen immensely on friday bt i think 98.25
is offering and if it is broken the 97.50 break will open the
Way to 93.90 so important week for the pair because
support holds and pair manage to break above 99.30
Area then bottom wil be nicely placed to test the highs
once again
regards
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.
we can see in the 1h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 98.95
stochastic refers that the pair will go up
so our target buy from 98.29 and our target will 66pips
Good luck
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we can see in the 1w chart
the pair trading down the 38.2
I see the pair will go to down way to 92.57
stochastic refers that the pair will go down
so our target sell from 98.24 and our target will 529pips
Good luck
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.
we can see in the 4h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 99.38
stochastic refers that the pair will go up
so our target buy from 98.30 and our target will 108pips
Good luck
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.
we can see in the 1w chart
the pair trading down the 38.2
I see the pair will go to down way to 92.69
macd refers that the pair will go down
so our target sell from 98.26 and our target will 557pips
Good luck
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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