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USD/JPY
Mitglied seit Oct 11, 2013
769 Posts
Mitglied seit Dec 31, 2018
11 Posts
Mitglied seit Feb 21, 2019
10 Posts
Mitglied seit Oct 11, 2013
769 Posts
Mitglied seit Oct 11, 2013
769 Posts
Mitglied seit Jul 12, 2016
80 Posts
May 15, 2019 at 11:42
Mitglied seit Jul 12, 2016
80 Posts
The price action of USDJPY pair has been trading with a bearish bias inside daily chart and the down trend looks good. Price action is stepping down, and bearish trend looks strong. Key resistance level is present at 111.67 price area, based on most recent swing high in daily chart of USDJPY.
For the Japanese Yen on Tuesday, there was no outstanding news announcement. According to the Forex analysis; USDJPY bearish trend could move price towards next support target at 108.00 With reference to the down trend, Forex traders should consider only sell trades. However; price could breaks and closes a bullish candlestick above 111.67 important resistance level and this will end the bearish trend. From this time forward, Forex traders must seize the opportunity to stop trading and re-assess USDJPY in daily time frame.
For the Japanese Yen on Tuesday, there was no outstanding news announcement. According to the Forex analysis; USDJPY bearish trend could move price towards next support target at 108.00 With reference to the down trend, Forex traders should consider only sell trades. However; price could breaks and closes a bullish candlestick above 111.67 important resistance level and this will end the bearish trend. From this time forward, Forex traders must seize the opportunity to stop trading and re-assess USDJPY in daily time frame.
Jun 18, 2019 at 10:20
Mitglied seit Nov 21, 2017
33 Posts
At the moment price is testing support at 108.317. I assume that the price will break through the resistance and go to the point of 108.211. But if price haven't got enough strength to break through the support, then the price will go to the point 108.582.
Mitglied seit Oct 11, 2013
769 Posts
Jul 04, 2019 at 23:01
Mitglied seit Oct 11, 2013
769 Posts
The USDJPY drops below the 108.00 and it could visit again the low at the 106.78 level. The bearish trend is still in place on the daily chart with the 55 day and 200 day EMAs pointing to the downside. Above the 108.00 level, the 109.00 along with the 55 day EMA could act as resistance.
Mitglied seit Jul 12, 2019
9 Posts

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