FxWirePro
Long

USD/JPY Short term Outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
155 2 1
USD/JPY             has taken support around 119.25 ( trend line joining 115.55 and 116.86) and recovered till 121. Overall trend is bullish as long as support 119.25 holds.

On the downside any weakness will drag the pair further down till 118.70/118.

The pair’s major resistance is around 121.30 and any break above could pave way for next target around 122.10/123 in short term.

It is good to buy at dips for the target of 122.10.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Sell

Recommendation: Buy USD/JPY             around 120.25-30, SL 119.20, Targets 122.10/123.
friday close down , next monday tokyo up
Reply
agree
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