FxWirePro
Long

USD/JPY breaks minor resistance at 104.28, go long for 104.65

FX:USDJPY   U.S. Dollar/Japanese Yen
274 0 11
5 months ago
Offered tone around the JPY strengthened on account of the drop in the Brexit bets. The latest Brexit polls once again showed an overall lead for ‘Remain’ group.

USD/JPY             edges higher from lows of 103.58. Price action is moving away from lower Bollinger Band on the daily charts .

Pair finds strong resistance by 5-DMA at 104.50, break above could see further upside.

Brexit related news flow along with Yellen's testimony which starts later today will be focus for clues on direction.

Techs on hourly charts support upside in the pair. Minor trendline resistance is seen at 104.28, break above will see test of 104.50 (5-DMA) and then 104.65.

Good to buy dips around 104.20/25, SL: 104, TP: 104.50/ 104.65
5 months ago
Trade closed: target reached
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