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Usd-jpy-buy

Usd/Jpy Buy Hi All, So last week, this pair broke the upward channel , & now stuck at support area of 109 region , which seems to be holding . So for we start above that , this is what i anticipate . A bullish run to create a new high above the 112.000 region . I'm opening a buy on this pair based on what i see on my chart , Note we still under a risk off situation with Yen & Chf , so any mini bad data or news from the US will impact the move higher & if we are to go any lower , we should at least touch 112.000 region . Many Thanks.
Long
by creamygem
Breakout on USD/JPY with Support tested 3 times and a Swing Low.The chart shows a possible breakout on USD/JPY, clearly stated by the short volume the market has, and three levels of support being tested 3 times in the past. Just remembering, the more times a key level has been tested in the past, the more accurate it can be. Price has also reached a Swing Low, which shows more evidence of a future strong and definitive trend. I believe the market will give us a start of a new and fresh trend with these levels of "cheap" - stated as Support from some traders.
by jwhappy
Still a strong uptrendI think over the coming days we will see USD/JPY carry on pushing higher. As you can see by the chart it is at the top of trend regression and so we should see a small dip as the RSI calms down. The ADX is continuing to show a strong trend and we are just coming out the back of a tea cup pattern. You can see the technical analysis is also pointing towards a Strong Buy however watch out for the price dipping under the moving average. At this moment I think we will see a small amount of resistance however I think the pair will carry on pushing upwards towards the 111 figure over the coming days. We need to watch out for the 110.350 level we are passing through now as this has been an important resistance level in the past.
by CurtisHolt
2