Investor.Unity
Long

USDJPY Analysis 09/02/15

FX:USDJPY   U.S. Dollar/Japanese Yen
200 0 0
Long term trend: Up
Medium term trend: Up
Significant levels: 120.00 (Significant Round Number & Resistance), 117.50 (Support), Triangle pattern

The price is just above the triangle pattern and is going down right now. We are definitely bullish here. The price might reject the downtrend resistance part of the triangle and could act as a support. If that happened, we could go and place our Long trade. But we prefer for the price to go back down to our support area for a cheaper price before it continues to go up. The breakout above the triangle could be also be a false one, therefore the price might go down inside the triangle before resuming the breakout.

All in all, we are bullish and we want to buy this currency pair.
United States
United Kingdom
India
Deutschland
España
France
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out