FxWirePro
Long

USD/JPY Daily outlookj

FX:USDJPY   U.S. Dollar/Japanese Yen
161 0 1
•RES 4: 120.81 (Apr 13th high)

•RES 3: 120.15 (200 day 4HMA)

•RES 2: 119.75 (Apr 15th high)

•RES 1: 119.35 (20 day 4HMA)

PRICE: 118.99 @ 05:40 GMT

•SUP 1: 118.70 (Apr 3rd low)

•SUP 2: 118.16 (61.8% retracement of 115.85 and 122.01)

•SUP 3 -116.85 (Feb 3rd low)

•SUP 4- 115.85 (Jan 16th low)

COMMENTARY:

USD/JPY             is consolidating between 119.46 -118.81.Overall trend is positive as long as support 118.16 holds. Any break below 118.16 will drag the pair further down till 116.85/115.90 in short term.

On the upside minor resistance is around 119.50 and any break above would extend gains till /120.15.
Indicator (4 hour chart)

CCI (50) - Sell

Woodies CCI (14) – Sell

Ichimoku- Neutral

It is good to buy around 118.80 for the target of 120.15 with stop around 118.15.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out