FxWirePro
Long

USD/JPY Weekly Report

FX:USDJPY   U.S. Dollar/Japanese Yen
221 1 3
Medium term trend: Bullish
Ichimoku analysis (Weekly chart):
Tenkan-Sen level: 112.07
Kijun-Sen level: 110.01
Ichimoku cloud top: 102.59
Ichimoku cloud bottom: 99.60

USD/JPY             made a temporary top around 118.96 and has slightly retreating from that level. Overall weekly trend is bullish as long as support 116.30 holds.
The break of 116.30 will target 115.40/114.74. The pair’s minor resistance is around 118.96 and any break above that level would extend gain to 119.75 (161.8% projection of 101.08 to 110.08 from 105.18)/121.
Weekly major support -116.30
Major resistance-118.96.

Recommendation: Buy USD/JPY             around 117.40-50, SL 116.29, Target 119.75/121.
next stop 119.100
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out