FxWirePro
Long

USD/JPY Daily Outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
171 0 1
Intraday trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 118.28
Kijun-Sen level: 117.95
Ichimoku cloud top: 116.98
Ichimoku cloud bottom: 116.42

USD/JPY             has broken major resistance 117.48 and trading at new high around 118.65. So overall is bullish and reach till 120 cannot be ruled out .
The pair’s minor intraday support is around 118.25. Any break below will take the pair to 117.92/117.70 (20 day HMA ). Intraday trend reversal only below 117.25.
The minor resistance is around 118.70 and any indicative break above would target 119.75 (161.8% projection of 101.08 to 110.08 form 105.18)/120

Recommendation: Buy USD/JPY             around 118, SL 117.25, Target 119.75.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out