Usdjpybuy
Perfect up trend on USDJPYHello friends. Here is our analysis on USDJPY. The support and resistance marked are of D1. The pair is moving in that zone for a pretty long time. After hitting the support area the pair started to move upwards towards the resistance level. Also if you notice the black lines we can see that the pair made a new higher high while not breaking the previous higher low. So as per our analysis the pair will continue the pattern till kit reach the resistance which is at 112.000.
Let us know whats your view on this.
Thank you.
Ryan.R.Lopes
USDJPY TREND REVERSALUSDJPY
As the risk sentiment arises the safe heaven Yen has gained the major strength and rallied almost 1000 pips and reached 101.300 level and stalled
We can expect further upward rally in comingdays
Buy orders may placed at 104.300 level
And potential take profit will be 106.800
Stop lose may placed below 103.500 level