FxWirePro
Short

USD/JPY Daily Outlook

FX:USDJPY   U.S. Dollar / Japanese Yen
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1
USD/JPY is struggling break above short term resistance 118. Overall trend is weak as long as short term top 118.85 holds.

The break of short term resistance around 118 will take the pair to 118.85/119.90.

On the downside major support is around 116.80 and break below will target 115.80.

Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

Recommendation: Sell USD/JPY around 117.30-40, SL 118, Targets 116.80/115.90.

Comments

now it's at 119.08 and the max likely 121.00 if i short this at that level will it drop down to 107.. as i watch this onn my BBs.. can you please advise. i'm planning to enter into forex trading most of you guys on trading view are doing?
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but now what ? it went up :(
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