FX:USDJPY
A Good Consolidation flag breakout has seen in USDJPY, if it gives breakout and retest then take entry.
plan your trade accordingly and manage your risk to reward ratio.
Usdjpy
All jpy pair touching their lows during last fundamental jpy broke its zone of 130 which was acting as a support for one month.Now for this week we can see price movement within a descending channel and very soon price will test again a solid support zone of 126. Where we will see a little bullish move upside but remember for good and healthy trend move...
USD/JPY started to fall from the 20th February of 2020. Right now, it's trying to reach 102.540 . It has to cross 103.300 - 102.900 to hit 102.540 .
After crossing the 102.540, The trend will march to touch 101.200 . But if it starts to rise by breaking the resistance, then it will hit 104.740 - 105.300 .
The daily is turning up against the 3/09/2020 lows at 101.19. The 4 hour right side is down against 108.15. While below 107.54 the pair can see a swing lower toward 104.28 to correct the cycle up from the 3/09/2020 lows.
Long USDJPY
@105.35-105.20
Target: 106.00
Sl: 104.80
good luck !
The daily is turning up against the 3/09/2020 lows at 101.19. The 4 hour is turning down against 109.86. While below 108.17 the pair can see a swing lower toward 104.28 to correct the cycle up from the 3/09/2020 lows.
Short USDJPY
@107.35-55
TP: 106.50
SL: 107.88
Good luck
Technical Analysis- The 4 hour is turning up against 3/09/2020 low (101.16). 1 hour is turning up against 106.71 low. Near-term correction against 3/09/2020 low is proposed complete at 105.96 low, while dips remain above 106.71 low and more importantly above 105.96 low expect pair to extend higher.
Long USDJPY
@107.10-107.00
TP: 107.80
Sl: 106.75
Good Luck !
Technical Analysis-The 4 hour is turning up against 3/09/2020 low (101.16). 1 hour is turning up against 105.96 low. Near-term correction against 3/09/2020 low is proposed complete at 105.96 low, while dips remain above that level expect pair to extend higher.
BUY USDJPY
@106.85-70
TP: 107.55
SL: 106.40
Good Luck !
The weekly right side is up against 75.57. The daily and 4 hour are turning up against the 3/9/20 lows at 101.13. While a pullback remains above there the pair can see another swing higher to correct the cycle lower from the 12/15/16 highs in the weekly triangle.
Short term Signal
BUY USDJPY
@107.50-25
Target: 108.50
Sl: 107.00
Good luck !
