FxWirePro
Long

Long USD/JPY for 106.80

FX:USDJPY   U.S. Dollar / Japanese Yen
218 0 8
USD/JPY             has broken strong trendline resistance at 105.50, upside could see test of 50-DMA             at 106.30 levels.

Intraday bias is bullish , Technicals support further upside in the pair, we see scope for test of 100-DMA             at 108 levels on break above 50-DMA             .

Yen remains on the back foot in Asia despite recent Nice terror attack and falling prospects of helicopter money, while dollar supported on good data (including producer price index and jobless claims).

Focus now on China GDP data, while the US CPI             and retail sales will be a potential catalyst in the US session. .

Immediate support and resistance are seen at 104.62 (5-DMA) and 106.30 ( 50-DMA             ) respectively.

Good to go long on dips, SL: 105, TP: 106.30/106.80
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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