FxWirePro
Long

We prefer to go long USD/JPY

FX:USDJPY   U.S. Dollar/Japanese Yen
41 0 0
Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 114.92
Kijun-Sen level: 114.76
Ichimoku cloud top: 112.66
Ichimoku cloud bottom: 110.98

USD/JPY             made low of 113.85 and has recovered from that level. Overall trend is bullish as long as support 111.50 holds.
Short term support is at 113.85. On the downside break below will target 113/111.80. Short term trend reversal only below 111.50 ( 38.2% retracement of 105.19 to 115.57).
USD/JPY             is facing resistance around 115.60. Any indicative break above would extend gain to 117.93/120.

Recommendation: Buy USD/JPY             around 114.96, SL 111.40, Target 120.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out