Sforex
Long

USDJPY: I'm confident with a LONG position.

FX:USDJPY   U.S. Dollar / Japanese Yen
177 0 3
In two days , USDJPY             pierced two important resistance levels : 122,20 and 121.50

122,20 was old resistance now turns to new support.
121.50 level is convergent point of SMA50 + SMA200 + SMA100 : A strong resistance.

I think with the break of those resistance levels, I'm confident UDSJPY could extend higher.

The next very strong resistance is 123.65, and further is 125.25

U/J needs a strong effort to reach those levels.

The main reason why I bid for LONG USDJPY             :

- FED hiked rate actually was not a bad new for Stock market. As FED believe that US economy could handle this hike, and will be stronger. The strong comment of Mrs             .Yellen affected positively to US Stock and that why we see Stock went up. US now is a good investing destination, investors like US assets, and will bid for Dollar.

I maintain LONG position of USDJPY             to 123.50
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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