Get started
FuturesForexClasses

USDJPY / H4 / Daily Forex Technical Analysis / 3.28.2019

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
FuturesForexClasses  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY dailyanalysis Forex forextrading forexanalysis daytrading 3-28-2019 h4 Technical Analysis
2
0
trendanalysis harmonicpatterns chartpattern usdjpy dailyanalysis forex forextrading forexanalysis daytrading 3-28-2019 h4 technicalanalysis
Hello Traders, welcome to the DAILY Forex technical analysis . Today is March 28th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the 4 hour time frame we can see the we have rejection at the 110.867 support and resistance area. With that small precipitous drop in mind we will be looking for another move up towards the 110.867 area and act as resistance setting us up with an entry! Entering a short position at 110.867, with a set stop loss at 111.284, and a take profit area of 110.005 on the money gives a great 2:1 R/R set up. Have great day and good hunting out there traders!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.