FxWirePro
Long

USD/JPY Short Term Outlook

FX:USDJPY   U.S. Dollar / Japanese Yen
118 0 0
RES 4: 123

RES 3: 122.01 (Mar 10th high

RES 2: 121.20 (20th Mar high)

RES 1: 120.43 (7th Apr             high)

PRICE: 120.51 @ 5:17 GMT            

SUP 1: 120.29 (Kijun-Sen)

SUP 2: 119.79 (200 day HMA )

SUP 3: 119.45 ( 61.8% retracement of 118.71 and 120.73)

SUP 4: 118.70 ( Apr             3rd low)

COMMENTARY:

USD/JPY             has broken short term resistance 120.50 and jump till 122 cannot be ruled out. Short term trend is bullish as long as support 119.80 holds.

On the upside minor resistance is around 120.50 and any break above would extend gains till 121.18/122.01.

It is good to buy around 120.30 for the target of 121.18/122 with stop around 119.80.



English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out