USDJPY: I think U/J has not finished the downtrend yet.

FX:USDJPY   U.S. Dollar / Japanese Yen
85 0 0
Do you think is USDJPY             complete its downtrend ?

I think the answer is NO.

Key support is at 118.60, I think USDJPY             should test this support incoming days.

2 signals I said to confirm for downtrend:

- Break SMA100+ SMA200 : The main signal is SMA100 cut SMA200 for the first time since September 2014 --> a strong signal of Downtrend.

- Move below Kumo cloud.

Today, I show you one thing, I check Direction Movement System ( DMI ) :

- DI- cut DI+
- ADX cut 20 level --> Signal the downtrend will be stronger.

The problem is I see DI+ and DI- stayed below 30 level for a long time. If DI- moves above 30, I think the downtrend would be more clearer.

In short, SELL USDJPY             to 118.60 is a appropriate trade currently.

F.B page: www. facebook             .com/trackingforexsignals (http://tinyurl.com/jxayluk)
Web page: http://www.trackingforexsignals.com
Twitter: https://twitter.com/SforexSolution
Contact: admin@trackingforexsignals.com
Sforex Solution: Do the right thing – Think the right way
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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