USDJPY Buy Opportunity

FX:USDJPY   U.S. Dollar / Japanese Yen
The price dropped to the support zone . If we look at the previous market movements at this zone, we'll see 3 reversals with further upward movements. Now we should expect the same price action at this support. RSI is in the oversold zone and it will give a good signal confirming price reversal. In order to join the possible upward movement after the reversal, we can place pending orders for buy above the high of the bearish candle. It's 110.00 level. Stop orders should be placed below the local swing low. The profit targets can be at 112.00 and 114.00 levels. If the price breaks 109.00 level, we'll have to delete buy orders and wait for new trading opportunities.
Crypto Premium Signals and Education: https://goo.gl/g3E3L9

The 1st cryptoexchange with a hybrid architecture: https://goo.gl/kNV6HT
Buy and Sell 20 most popular cryptocurrency: https://goo.gl/sybc5t

Recommended Forex Broker: https://goo.gl/dsiQN8
@DLavrov thanks for great analyse , just one thing , you said if price breaks 109.00 level ? we see last candle is bearish and big enough and broke 109.00 ! so i thing your mean is 108.00 level !
+7 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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