FxWirePro

USD/JPY Daily Outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
168 1 1
USD/JPY             is trading in narrow range around 117 to 118.85 for the past five trading session .Overall trend is neutral as long as Support 117.25 holds.

The pair’s minor resistance around 118.20 and any break above will take the pair to 118.85/119.95.

On the downside minor support is around 117.25 and break below will target 116.80/116.

Indicators (1 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy

Recommendation: We prefer to remain neutral waiting for new confirmation signals.

snd
2 years ago
I have a large drawdown on my long position.
Reply
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