USDJPY Short +80 pips

FX:USDJPY   U.S. Dollar / Japanese Yen
148 1 4
US Dollar             vs Japanese Yen's Wednesday morning Comment:

Following a higher surge during the Asian session early this morning. With the pair gained nearly 69 pip. The Yen pair continue's to move down in a strong BEARISH trend as it did for past days ( view Daily chart below ).

On the other hand. USDJPY             is holding well below the long term 200 days simple moving average (that's why we don’t recommend any long trades on the USDJPY             for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation of the the well establish BEARISH trend .

CONCLUSION: As per above general BEARISH trend ; Only Short trades to be considered following completion of any counter trend rising correction on the 30-minute chart. (Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving average (red dotted line) the on the 30-M chart ). For the final Short entry signal please watch for the coming vertical Key Time Reversal Zone on the 30M chart (as presented on 30M chart below)

(c) This pair review has been published by TFF             ( TM             ) Forex Scanner Analysis team on Wednesday 2016.08.03 08:30:34 ( GMT             ).
Trade closed: stop reached
Took a bit longer than expected, however we still in the trade, looking for bad new again on the dollar to plunge.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out