The University of Michigan released preliminary figures for January consumer sentiment showing consumers remain upbeat about the state of the economy. USDJPY rose as the headline figure crossed the wires at 100.9, beating expectations of 99.5 and rising over last months read.
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USDJPY Weekly Forecast for 10th-14th Feb 2020
- Last week was looking for uj to reach previous support turning resistance, it hit my key levels and continued using theses levels to support further highs.
- Starting this week above broken resistance potentially turning support
- Great place to be watching the moarket for further continuation too the first target...
USDJPY Weekly Forecast for 3rd - 7th Feb 2020
- Last week UJ hit my key zone @108.95 and used this area for bears create further resistance and lows.
- From this structure we are going into this week below a key area of broken support turning resistance
- This week going for bearish set up towards first target set @108
- Always keeping in mind if price pulls...
USDJPY Weekly Forecast for 27th-31st Jan 2020
- Last week we had our target set for 109.25 for a pullback, this was hit very nicely!
- This is a great place for potential bullish patterns to take place.
- Have another potential hold level at 50% retracement of last impulse move but will be going into this week with a bullish bias on this pair after the correct...
USDJPY Weekly Forecast 20th - 25th Jan 2020
- USDJPY starting this week above broken resistance turning support at 109.28.
- Going into this week looking for bullish continuations..
- Best risk to rewards entries to go long will be if market pulls back to broken resistance but will watch the market for accurate entries after opening hours.
- Will take shorts...
Hi all ,
This trade was one of our premium trades from last week , we bought this buy & now as you can see we are at a point where we bank tp1 , my bias is still long till December, however to get a better price is to wait for price to break current structures marked on the chart . Please don’t open positions based on 5pips movement on this pair . Wait and get a...