FxWirePro
Short

We prefer to short USD/JPY

FX:USDJPY   U.S. Dollar/Japanese Yen
278 0 2
Positioning Bias:

USD/JPY             on Friday also made a high of 119.75 after release of US NFP data and has retreated from that level. Overall trend is bearish as long as resistance 120 holds.

On the downside 117.90 (23.6% retracement of 105.18 and 121.85) will be acting as major support and any break below will take the pair to 117.04/116.80 in short term.

The break of 120 on the higher side will target 120.70/121.65.

Indicators
Indicator (1 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell USD/JPY             around 119.14, SL 119.79, Target 117.04.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out