Search

USD/JPY MID-day outlook

USD/JPY Range trading continues in USD/JPY and intraday bias stays neutral first. While deeper retreat cannot be ruled out, downside should be contained by 139.37 resistance turned support. On the upside, break of 144.98 will resume larger up trend to 147.68 long term resistance. Break there will target 161.8% projection of 126.35 to 139.37 from 130.38 at 151.44 next.

Weekly Charts

In the bigger picture, up trend from 101.216 is still in progress, as part of the whole up trend from wave 4 into 5 Further rise should be seen to 147.68 (1998 high). For now, break of 130.39 support is needed to be the first indication of medium term topping. Otherwise, outlook will stay bullish even in case of deep pull back. till target 100% projection  from 75.89 to 125.71 to to 101.13 ive  a 100% FE150.11 possiable end of a 5th wave

Intraday bias in USD/JPY stays neutral and consolidation from 144.98 could extend. Deeper retreat cannot be ruled out, but downside should be contained by 139.20 resistance turned support also at the weekly fib 78.2 On the upside, break of 144.920 will resume larger up trend to 147.68 long term resistance 5th wave projection. Break there will target 161.8% projection of 126.376 to 139.20 from 130.39 at 151.44 next.

Daily Chart

Divergence ideas

Open: 

PRICE ENTRY :

S/L :

T/P:

Read more.

Open: 

PRICE ENTRY :

S/L :

T/P:

Read more.

Open: 

PRICE ENTRY :

S/L :

T/P:

Read more.

USD/JPY 

Intraday bias in USD/JPY remains neutral for the moment. While deeper retreat cannot be ruled out, downside should be contained by 139.37 resistance turned support. On the upside, break of 144.98 will resume larger up trend to 147.68 long term resistance. Break there will target 161.8% projection of 126.35 to 139.37 from 130.38 at 151.44 next.

Weekly Charts

Daily Chart

Divergence Signals

Open: 

PRICE ENTRY :

S/L :

T/P:

Read more.

Open: 

PRICE ENTRY :

S/L :

T/P:

Read more.

Open: 

PRICE ENTRY :

S/L :

T/P:

Read more.

© Powered by Myfxbook.com