USDJPY attempts breakout

FX:USDJPY   U.S. Dollar / Japanese Yen
54 0 3
The USDJPY             has attempted to breakout this morning, with price currently trading above key values of resistance. Today’s, breakout begins above resistance is found at the R3 Camarilla pivot point , at a price of 123.69. If price remains above resistance, this would be just the first bullish breakout in the last five trading sessions. As prices move towards higher highs, this would suggest that the pair is potentially reversing from its previous short term downtrend and moving back in the direction of its daily uptrend.

In the event of a false breakout, traders will look for prices to dip back below today’s range resistance value found at the R3 pivot point at 123.46. A move to this point, would suspend any current upward momentum at least temporarily. As well, if price trades back inside of today’s pivot range it also opens up the market to test current values of support, including the S3 range support pivot at 123.02.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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