Investor.Unity
Long

USDJPY Analysis 15/01/15

FX:USDJPY   U.S. Dollar/Japanese Yen
347 2 2
Long term trend: Up
Medium term trend: Up
Significant levels: 120.00 (Significant Round Number & Resistance), 117.50 (Support)

It would be great to place a Long order right now as the price is still near the support area . Yesterday's bar was a bullish pin bar which is a signal that the market does not want to go down further. Place the stop loss below the pin bar . Take note of the significant round number. The price might consolidate a bit on that level before continuing its move.

This pair is clearly in an uptrend. It's just a matter of looking for an opportunity to go Long. Trade well.
Would like to see the upward trend remained intact!
Reply
The upward trend is likely to hold. It's just a matter of, when will the price return back to its trend after it made a short term retracement. That should be near our support area.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out