FxWirePro
Long

USD/JPY Daily Outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
399 0 3
USD/JPY             has broken short term support 118.80 after a better than expected machinery orders and also due to the rumors that BOJ may not expand its already aggressive monetary stimulus.

On the downside minor support is around 118 and break below will target 117.20/116.80.

Overall trend reversal only below 116.80.

Minor resistance-119.20 above that it will take to next target 120/120.50.

200 day HMA-118.40.

Recommendation: Buy USD/JPY             around 118.45, SL 117.90, Target 119.19/120.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out