USDJPY: Target hit. Sell signal ahead. Short

U.S. DOLLAR / JAPANESE YENICE

Description

⋅ Mar 19, 2020 1:14 PM

Our last USDJPY trade reached its 109.200 - 109.700 target zone:

The Channel Up on the 1H chart (RSI = 66.020, MACD = 0.480, ADX = 47.769) which we based our call on traded very well and is still valid but is approaching the Higher High zone. We are expecting a rejection within the 110.000 - 110.650 region and will take this sell opportunity to target the 108.500 - 108.000 zone.

We have been following USDJPY closely since the August 2019 bottom:

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Comments and likes are greatly appreciated.

Comments

FXCM

⋅ Mar 20, 2020 8:27 AM

great analysis. I love the channel drawn there. I have the same call based on my trend line.

theforexchief

⋅ Mar 20, 2020 12:45 AM

Hello bro, I also followed USDJPY this week. Here was my analysis!

transparent-fx

⋅ Mar 19, 2020 1:32 PM

I made a breakdown on it too, this is what I have