Usdjpylongsetup
USDJPY Market Outlook | Daily Forex Market BreakdownUSDJPY
Still going a bit sideways for the time being. As mentioned previously, keep in mind that key psychological levels such as 110.00 are very important in forex. I do like how this is looking at the moment, but we need to remain on the sidelines and let this pair play out a bit more. Especially since we are already in a trade with a YEN pair. Like I said watching very closely and if I see anything for us I will let you all know!
USDJPY Market Outlook | Daily Forex Market BreakdownUSDJPY
UJ pushed up very nicely hitting previously anticipated key level of 110. Its is important to respect the key psychological levels. UJ is at a make it or break out level. We need to be very cautious for fake outs, the more patient we are the clearer its true direction will become.
USDJPY Market Outlook | Daily Forex Market BreakdownUSDJPY
Not much movement still stuck in consolidation for the time being. Hopefully we can see some big moves from UJ soon. I still feel since we are so close to key level 110.00 we are going to push up and retest that area of resistance where we will either reject hard or see a big push to the upside towards 112.00
USDJPY approaching support, potential for a bounce!
USDJPY is expected to drop to 1st support at 109.378 where it could potentially react off and up to 1st resistance at 109.666.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
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USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 109.953 where it is could reverse down to its support at 107.898.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 109.953 where it is could reverse down to its support at 107.898.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.