FxWirePro
Long

USD/JPY Short term Outlook

FX:USDJPY   U.S. Dollar / Japanese Yen
137 0 1
•RES 4: 123

•RES 3: 122.01 (Mar 10th high

•RES 2: 121.20 (20th Mar high)

•RES 1: 120.43 (7th Apr             high)

PRICE: 120.43 @ 5:33 GMT            

•SUP 1: 120.29 (Kijun-Sen)

•SUP 2: 119.80 (200 day HMA )

•SUP 3: 119.45 ( 61.8% retracement of 118.71 and 120.73)

•SUP 4: 118.70 ( Apr             3rd low)

COMMENTARY:

USD/JPY             has broken short term resistance 120.50 and jump till 122 cannot be ruled out. Short term trend is bullish as long as support 119.80 holds.

On the upside minor resistance is around 120.50 and any break above would extend gains till 121.18/122.01.

It is good to buy around 120.30 for the target of 121.18/122 with stop around 119.80.





United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out