FxWirePro
Long

USD/JPY Weekly Outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
165 0 1
•RES 4: 121.50

•RES 3: 121

• RES 2: 120.15

• RES 1: 119.50 (9 day WMA)

PRICE: 119.09 @ 11:06 GMT

•SUP 1: 118.69

•SUP 2: 118.30 (Previous week low)

•SUP 3:116.85 (Feb 2015 low)

•SUP 4: 115.55

Weekly trend -Bullish

USD/JPY             is trading between 118.32 and 120.15 in previous week. Any further weakness can be seen only below 118 level. Break below 118 will confirm bullish invalidation and decline till 116.85/115.5 cannot be ruled out.

It is good to buy around dips around 118.80 for the targets of 121/122.05.

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out