Usd/Jpy

[LoverBoy]

USD/JPY keeps losses after China rate cut
•CHina's rate cut and liquidity infusion have failed to put a bid under the risky assets.
•The Anti-risk Yen remains better bid and is keeping USD/JPY on the defensive.
USD/JPY continues to trade in the red as the rate cut by China has failed to bring cheer to the equity markets.
The currency pair is currently trading near 107.25, representing a 0.60% loss on the day, having hit a session low of 107.12 a few minutes before press time.
The People's Bank of China cut the seven-day reverse repo rate to 2.2% from 2.4% and injected $7 billion or 50 billion yuan into the banking system.

[0307148]

The first short term resistance is at 76.78, followed by 76.94. The pair is expected to find support at 76.41 and the subsequent support level at 76.20.

The pair is expected to trade on the cues from the release of leading economic index and coincident index in Japan

[Abubakar 148]

USD/JPY has not responded at all to the risk rally and remains near the all-time low of 79.25 reached on March 17, and whilst treasury yields will be thrown around by US economic data, it is looking like a re-test cannot be ruled out.

[Lipsee]

Usd/Jpy the strong bullish move on weekly time still continues and the resistance level is yet to be reached maybe today or tomorrow.

That is a good and strong resistance level and from there we should wait for the market to start the reversal.

If the market will get rejected from that level then we should not worry about getting into shorts after the confirmation

and good point open buy trade and market is continue bullish movement we earn profit and overall trend is bull.....

[Baqir0302]

Assalam o alaikum,

According to indicators market trend==Sell

Supporting and resistance==showing down..

Last 5 hours chart showing==Black candles.

Trade with your own strategy..

No need to take many risks..


Just follow indicators and trade..

Best of luck for your trade..

Thanks.

[Sajid7676]

The pair has broken the H1 uptrend line and now trying to break the H4 uptrend line, if break, we'd see falling down targeting .

Otherwise, the pair will bounce up to .again before it continues to bearish.

[148]

Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
Aj k liye buy Karna zaida better rahay ga

[Muhammad Muhammad]

I predict this pair will reach to the next resistance level, maybe this pair will make some correction to the next high level.

Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .

BUY position is better choice now, you can set target profit level 35 pips from current price

that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction.

bullish signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.

this pair can continue bullish trend today and there is possible chance price will move to up side.

[Shahzadahmed148]

we predict future values with technical analysis for wide selection of Forex (Foreign Exchange) pairs like USD to JPY . If you are looking for foreign exchange rates with good return, USD to JPY can be a bad, high-risk 1-year investment option. USD/JPY rate equal to 107.658 at 2020-03-30, but your current investment may be devalued in the future.

[IUB]

I think all time low record is around 76, not around 78.88. Anyways i was think it gonna go up when it was around 80 and now it touch 80.35, i think we can see around 80.70 in coming days.