MaxxPayme
Long

Upside Measured Move targets for USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
*After a period of consolidation at the 50 week MA of no less than three months, the USDJPY             pair looks ready to continue it's longer term trend higher.

*This SMA (50 week sma ) has been a decent bull / bear line since 2008. See red / Green ovals denoting interactions. When price was in a downtrend it acted as resistance (red ovals). Since late May 2012 it has acted as support (green ovals).

*With a weekly close over 105 looking for price to try to achieve 112-114 measured move objective.

*Weekly closes below 100 USDJPY             would negate this bullish setup but I would use a weekly close below 50 weekly sma (currently 101.87) as a tighter stop loss.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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