ForexPlug
Long

USDJPY & JPY FUTURES

FX:USDJPY   U.S. Dollar/Japanese Yen
94 0 1
As you can notice both Daily Period Charts.
On the left we have JPY Futures , and on the right we have USDJPY             .

JPY Futures
1 - It has been forming Inverse H&S Pattern, which looks completed as per projection basis.
2 - Touched the 88.6% Fib Zone Resistance.
3 - Bearish Divergence Formed, indicating a weakness to develop in JPY.

USDJPY            
1- It has been forming a perfect H&S Pattern, which looks completed as per projection.
2- In the same manner has also touched 88.6% Fib Zone Support
3- Bullish Diverfence Formed, RSI oversold as well.
4- Some Hawkish tone developing from the FED, which would strengthen the DOLLAR.

We are positioned Long in USDJPY             , and see 1st Tarhet as 112 and 116 in coming days..
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out