FxWirePro
Long

USD/JPY Short term Outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
297 6 2
USD/JPY             made a high of 118.64 and is slightly retreating from that level. It is facing strong resistance around 118.78 (200 day 4HMA)-118.85 (Jan 20th high).

On the upside 118.85 is acting as major resistance any break above will take the pair to 119.95/120.75 in short term.

The pair’s minor support is around 117.25 and break below will target 116.80/116.

Indicators (4 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy

Recommendation: Buy USD/JPY             around 118.25-35, SL 117, Target 119.95/120.70.
Sl 117?
Reply
Hi, isn't this the same trade idea as the one on USDJPY 4 days ago?
Reply
FxWirePro PRO KingArthur
no slight changes i have made
Reply
Sell UsdJpy

I think UsdJpy is going to go down side for short term, However I hope you are correct.
Reply
No_more_Post No_more_Post
Tp +75pips. My set up
Reply
I followed the FxWirePro hold a long position, respect the accuracy of their predictions.
-2 Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex 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