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Japanese Yen consolidating now

Long

U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)

FOREXCOM:USDJPY U.S. Dollar / Japanese Yen

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In my opinion price can break upside of range. It will be good chance to buy. Resistance level (106.400) can be our target.

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Comments

thanks for sharing, I think it could go higher if prices break past the resistance level, but currently I have a bearish bias, this is my view on USDJPY:

USDJPY approaching resistance | 3 August 2020

FXCM

@FXCM, thanks for sharing too

FXCM

@FXCM, good analysis

Whelp, I'm convinced. This guy is a beast in the market.

Drewdude

@Drewdude, thanks for comment

Drewdude

@Drewdude, try to do my best

Strong doubts about this one. Trade divergence on the 1h. Its hitting the 200MA on the 1h. Double top pattern has formed. Current market sentiment is still risk off. Everything I'm seeing says it's about to drop.

Drewdude

@Drewdude, very likely to drop mate, but it might just be a retracement to gather more bullish momentum, check this out

ABDOLLAR_FX

@ABDOLLAR_FX, looks like he was right.

Drewdude

@Drewdude, the drop is still very much possible, if you check my analysis, there has just been a retest of the resistance, but the price couldn't break out,

kindly read the description under my chart analysis >
Goodluck bro