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EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=121.4. TP4: R2=121.65. Set the stoploss of these orders at breakout of S2=120.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=120.2. In this situation, there is an expectation to reach the target S3=119. Set the stoploss of reverse orders at breakout of S1=120.75. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
USDJPY holding bear attackThe US dollar has started the new trading week testing the 108.00 handle against the Japanese yen currency despite escalating geopolitical tension in the Strait of Hormuz. The USDJPY suffered a strong rejection from just below the 109.30 area last week, bears will be looking for a lower weekly high. Overall, USDJPY sellers are likely to target the 107.00 to 106.80 support zone. The USDJPY pair is bearish while trading below the 108.00 level, key support is found at the 107.00 and 106.80 levels. The USDJPY pair is only bullish while trading above the 108.00 level, key technical resistance is found at the 108.93 and 109.23 levels.
by OctaFX_Official
USDJPY 107.00 targetThe US dollar is probing the downside against the Japanese yen currency after being strongly rejected from its key weekly pivot point. A sustained bearish breakdown below the 107.80 level is likely to see the USDJPY pair testing towards at least the 107.50 support level. The USDJPY pair also appears vulnerable to risk-off trading sentiment and a steep decline in global equity markets. The USDJPY pair is bearish while trading below the 108.23 level, sellers may test back towards the 107.50 and 107.10 levels. The USDJPY pair is only bullish while trading above the 108.23 level, key technical resistance remains at the 108.45 and 108.60 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=136.3. TP4: R2=136.75. Set the stoploss of these orders at breakout of S2=135.15. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=135.15. In this situation, there is an expectation to reach the target S3=134.15. Set the stoploss of reverse orders at breakout of S1=135.35. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=108.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=109.15. TP4: R2=109.35. Set the stoploss of these orders at breakout of S2=108.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=108.45. In this situation, there is an expectation to reach the target S3=107.8. Set the stoploss of reverse orders at breakout of S1=108.65. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
USDJPY holding gainsThe US dollar has made a strong upside break against the Japanese yen as the pair looks past the recent declines in global equity markets. The four-hour time frame shows a large bullish pattern, which holds one hundred and seventy point upside projection. Technical indicators are also turning higher and lending support to the recent range breakout in the USDJPY pair. The USDJPY pair is bullish while trading above the 109.60 level, key technical resistance is found at the 109.00 and 110.000 levels. If the USDJPY pair trades below the 108.60 level, key technical support is found at the 108.45 and 108.10 levels.
by OctaFX_Official
USDJPY 108.45 breakout neededThe greenback is once again firming against the Japanse yen currency, as the US dollar index climbs back above its key 200-day moving average. A sustained breakout above the 108.45 level is needed on an intraday basis to encourage further buying in the USDJPY pair. The key weekly upside targets for the USDJPY pair extended towards the 109.00 and 109.80 resistance levels. The USDJPY pair is only bearish while trading below the 108.45 level, key support is found at the 108.00 and 107.70 levels. If the USDJPY pair trades above the 108.45 level, key technical resistance is found at the 109.00 and 109.80 levels.
by OctaFX_Official
USDJPY risk-on boostThe US dollar has opened the new trading monthly strongly against the Japanese yen after a positive outcome from the G20 leaders meeting over the weekend. The 109.00 resistance level still remains the overall upside short-term objective for USDJPY bulls this week. USDJPY sellers may attempt to enter around this area, following the heavily bearish candle formation on the monthly time frame. The USDJPY pair is only bearish while trading below the 108.10 level, key support remains at the 107.80 and 107.00 levels. If the USDJPY pair trades above the 108.10 level, key technical resistance remains at the 108.44 and 109.00 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=136.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=137.1. TP4: R2=137.5. Set the stoploss of these orders at breakout of S2=136.05. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=136.05. In this situation, there is an expectation to reach the target S3=135. Set the stoploss of reverse orders at breakout of S1=136.3. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
1
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (71.500). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 74. Take Profits: TP1= @ 72.10 TP2= @ 73.60 TP3= @ 74.80 SL= @ 71.00
Long
by ForecastCity_EU
2
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=136.55. TP4: R2=136.9. Set the stoploss of these orders at breakout of S2=135.4. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=135.4. In this situation, there is an expectation to reach the target S3=134.2. Set the stoploss of reverse orders at breakout of S1=135.8. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=136.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=135.5. TP4: S2=135. Set the stoploss of these orders at breakout of R2=136.65. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=136.65. In this situation, there is an expectation to reach the target R3=137.65. Set the stoploss of reverse orders at breakout of R1=136.45. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity_EU
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=136.55. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=137.5. TP4: R2=137.8. Set the stoploss of these orders at breakout of S2=136.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=136.35. In this situation, there is an expectation to reach the target S3=135.35. Set the stoploss of reverse orders at breakout of S1=136.55. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=122.4. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=123. TP4: R2=123.3. Set the stoploss of these orders at breakout of S2=122.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=122.2. In this situation, there is an expectation to reach the target S3=121.35. Set the stoploss of reverse orders at breakout of S1=122.4. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
USDJPY 108.65 upcoming resistanceThe US dollar has started to rise against the Japanese yen currency, with buyers now attempting to break away from the pair’s recently established trading range. The 108.65 level offers solid resistance, while the 109.00 level is the major intraday resistance level. If the move higher is a false breakout, the USDJPY pair could easily still test towards the 107.40 level this week. The USDJPY pair is only bearish while trading below the 108.44 level, key support is found at the 107.70 and 107.40 levels. If the USDJPY pair trades above the 108.44 level, key technical resistance is found at the 108.65 and 109.00 levels.
by OctaFX_Official
USDJPY 107.40 bearish targetThe US dollar starts the new trading month under heavy downside pressure against the Japanese yen following the bearish breakout below the 109.00 level. Further losses in the USDJPY pair still appear possible as the bearish head and shoulders pattern has a target of 107.40 level. The United States ISM report later today is likely to have a big impact on the direction of the US dollar. The USDJPY pair is heavily bearish while trading below the 108.70 level, key support is found at the 108.00 and 107.70 levels. If the USDJPY pair trades above the 108.70 level, key technical resistance is found at the 109.00 and 109.30 levels.
by OctaFX_Official
USDJPY pattern completeThe US dollar has started to reverse direction against the Japanese yen after finding strong technical resistance from the 109.92 level. The direction of the USDJPY pair is increasingly linked to the bearish head and shoulders pattern on the four-hour time frame. Overall, the bearish head and shoulders pattern on the four-hour time frame and the releases are core PCE data from the US economy are the main themes to watch. The USDJPY pair is only bearish while trading below the 109.80 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair trades above the 109.80 level, key technical resistance is found at the 109.92 and 110.30 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=138.95. TP4: R2=139.55. Set the stoploss of these orders at breakout of S2=137.8. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=137.8. In this situation, there is an expectation to reach the target S3=136.65. Set the stoploss of reverse orders at breakout of S1=138.1. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
USDJPY nearing breakout supportThe US dollar has slipped back towards the worst trading levels of the week against the Japanese yen currency due to recessionary fears coming from the US bond market. USDJPY bulls have also been unable to move price above the 109.60 level placing the emphasis back towards the downside. The four-hour time frame chart continues to highlight that a break below the 109.00 level will trigger heavy technical selling. The USDJPY pair is heavily bearish while trading below the 109.60 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair trades above the 109.60 level, key intraday resistance remains at the 109.80 and 110.00 levels.
by OctaFX_Official
109.00 major supportThe US dollar has opened early Monday trading under downside pressure against the Japanese yen after the pair suffered its softest weekly price close since January 2019. If USDJPY sellers can force price below the 109.00 support level, the 108.40 level will then start to come into focus. USDJPY bulls need to move price above the 109.80 level to negate the heavily bearish sentiment surrounding the pair. The USDJPY pair is heavily bearish while trading below the 109.00 level, key support is found at the 108.40 and 107.70 levels. If the USDJPY pair trades above the 109.80 level, key intraday resistance is found at the 110.00 and 110.30 levels.
by OctaFX_Official
USDJPY bearish below 110.00The US dollar is now under heavy selling pressure against the Japanese yen, following much weaker than expected PMI manufacturing data from the United States economy. The USDJPY pair has a bearish intraday bias while trading below the 110.00 level and could soon target the 109.00 level. If the 109.00 level is broken the 108.40 level then offers the strongest form of weekly support. The USDJPY pair is intraday bearish while trading below the 110.00 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair trades above the 110.00 level, key intraday resistance is found at the 110.30 and 110.60 levels.
by OctaFX_Official
USDJPY slight bearish biasThe US dollar is under slight downward pressure against the Japanese yen currency on Thursday as the pair continues to correct lower after finding strong resistance above the 110.60 level. Further losses below the 110.20 support level should trigger additional intraday weakness towards the psychological 110.00 level. The 110.90 level is now the strongest form of weekly technical resistance for the USDJPY pair above the 110.60 level. The USDJPY pair is intraday bullish while trading above the 110.30 level, key resistance is found at the 110.60 and 110.90 levels. If the USDJPY pair trades below the 110.30 level, key intraday support is found at the 110.20 and 110.00 levels.
by OctaFX_Official
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=110.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=110.05. TP4: S2=109.8. Set the stoploss of these orders at breakout of R2=110.65. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=110.65. In this situation, there is an expectation to reach the target R3=111.3. Set the stoploss of reverse orders at breakout of R1=110.45. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity_EU