FxWirePro
Short

USD/JPY below 105, bias lower, short rallies

FX:USDJPY   U.S. Dollar/Japanese Yen
221 0 10
Yen spikes taking USD/JPY             to fresh weekly lows near 104.27 region, has currently recovered some losses to trade at 104.35 levels.

Next major support aligns at 103.92(20-DMA) ,break below will see drag upto 103.54 (June 16 low).

Break above 106.50 (channel top) would invalidate bearish bias, scope then for test of 111.45 (May 30 high).

Techs are bearishly aligned, Stochs show rollover from overbought levels, RSI biased lower.

Good to sell rallies, SL: 105, TP: 104/ 103.60
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out