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
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out