DariusAnucauskas
Long

USDJPY - 240 - Will we get our 105 ?

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             was looking promising in the morning of the European session and it looked like it will continue heading up. But the pair got held by a good resistance level at around 106.350, which forced it to push towards the 105.550 area, where it is currently finding its support.

Our bias is still to the downside, as the downwards-moving trendline , that started on the 8th of January, has not been broken yet and seems to be holding the pair from heading back up. USDJPY             could push towards the psychological 105 level, if it breaks the 105.550 again.

On the upside, because the 106.350 proved to be a good resistance, a move above it could push the price to test the aforementioned downtrend from underneath. A break of that could indicate, that the interest from the bulls is coming back in and the USDJPY             could get a move towards the 107.900.

Currently, I am LONG, but only for a bit, with a STOP at 105.550.
EN English (UK)
EN English
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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