Wermelgion
Long

Short-term buy USDJPY , target : 116

FX:USDJPY   U.S. Dollar / Japanese Yen
Good afternoon dear colleagues, investors and traders.

Your attention is fundamentally - technical analysis #USDJPY

"The foundation of the former, the momentum of the other"

In the previous week the currency pair continued trading range, a number of factors causing the behavior.
First data from the US showed good growth of GDP, in particular the revised data, market participants expect the revision to the negative side, but the US economy is doing better than expected participants.
Secondly verbal intervention by the Bank of Japan's leaders began to change the momentum of the market.
We remain bulls on the Japanese currency, causing it a high balance of payments, trade balance, a moderate risk appetite from investors and unsteadiness stock market in 2016.

However, we feel after such a rapid growth, the currency pair requires a certain correction. Therefore, this week we will make the purchase of the US dollar             against the Japanese yen             .
Details of the transaction:
Warrant: buy (market opening); buy for 112
S / L: 110
T / P: 116
Volume: 0.5% to 0.5%

Technical analysis: The pair formed the second floor, a strong demand for a mark of 111 for 2 times the couple returned back to 113, may resume the sale of the level of 116.20-116.50 resistance zone appears. Which also serves 50% Fibo resistance. Support Zone is 111 - 110, which break will move to 105.

iWM             level: will be given on Monday at 2:00 am

CFTC: Despite the current correction, market participants continue to increase the volume in the Japanese currency. CFTC data mo: 52.7 compared to 47.9 the previous week.

Visit our Facebook :
Visit our myfxbook : https://www.myfxbook.com/portfolio/mt4-905529/1532343
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
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