FxWirePro
Long

USD/JPY Short term Outlook

FX:USDJPY   U.S. Dollar / Japanese Yen
269 views
2
269 0
USD/JPY made a high of 119.40 and has retreated till 118.42 from that level. So bullish invalidation can happen only below 118.

In 4 hours chart CCI (50) - Bullish divergence

On the downside break below 118 will target 116.80/115.55.

The pairs minor resistance is around 118.80 and break of will extend gain till 119.40/120.

Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Buy USD/JPY around 118.50, SL 118, Targets 119.40/120.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out