FxWirePro
Short

USD/JPY forms bullish BAT pattern, good to sell on rallies

FX:USDJPY   U.S. Dollar / Japanese Yen
405 1 5
Harmonic pattern Formed- Bullish Bat Pattern

Potential Reversal Zone (PRZ) -121.50

USD/JPY             made a high of 121.48 ( trend line joining 121.22 and 121.48) and retreated till 120.28 from that level. It is currently trading at 120.67.

On the downside major support is around 119.60 and break below will drag the pair till 119/118.60 in short term. The pair’s minor support is around 120.

Any break above 121.50 confirms further bullishness, jump till 122.40 is possible.

It is good to Sell on rallies around 120.90-95 with SL around 121.51 for the TP of 119.60/119


hmm. since you already sell gbpjpy,maybe usdjpy also can short.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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