FxWirePro
Short

USD/JPY Daily Outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
115 0 3
Intraday trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 116.24
Kijun-Sen level: 116.24
Ichimoku cloud top: 115.83
Ichimoku cloud bottom: 115.52

USD/JPY             made short term top around 117.04 and is retreating from that level. In one hour it is trading weak (well below Tenkan-Sen, Kijun-Sen and also Ichimoku cloud bottom).
Intraday trend is weak as long as resistance 116.25 holds and is expected to reach 114.60/114.23 (23.6% retracement of 105.19 to 117.04) in short term.
The pair’s major resistance is around 116.25 and any indicative break would extend gain to 116.84/117.05.

Recommendation: Sell USD/JPY             around 115.60-65, SL 116.25, Target 114.61/114.25.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
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