USD/JPY Daily Outlook

FX:USDJPY   U.S. Dollar / Japanese Yen
212 0 0
Intraday trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 117.09
Kijun-Sen level: 116.86
Ichimoku cloud top: 116.34
Ichimoku cloud bottom: 116.24

USD/JPY             is trading slightly positive in one hour chart (well above Tenkan-Sen and Kijun-Sen) around 117.31but it is slightly above the Bollinger upper band which indicates the pair is trading in the overbought zone.

The pair is expected to show decline till 116.80 (20 day HMA ). Intraday trend reversal only below 116.24 (Cloud bottom). The major resistance is around 117.50 (161.8% retracement of 117.04 to 116.32) and any indicative break above would extend gain to 119.07 (161.8% projection of 101.50 to 110.08 from 105.19).

Recommendation: Buy USD/JPY             around 116.80, SL 116.24, Target 117.50/119.07.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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