Breaking News

USD/JPY Potential Upward Movement

USD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 110.20, 110.79, 111.00

Key Support Levels: 109.37, 109.00, 108.61

Daily Chart:

The price on the higher time frame is trending to the upside by posting higher highs and lows. the price recently managed to break the 109.37 USD resistance (now support). The market is in a middle of a correction above this level where we expect further movement to the upside in the coming hours.

USD/JPY Medium-Term Trend: Bullish

1-hour Chart:

On the 1-hour time frame, the price succeeded to break the flag formation to the upside by posting a double bottom near the 50% Fibonacci retracement level. A lower correction might be seen toward the highlighted zone and then a move upward to the target profit.

Signal Idea:

Buy Limit Order @ 109.71

TP 1 @ 110.19

TP 2 @ 110.79

Stop Loss @ 109.47

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

2 comments

  1. Why do these signals only seem to happen between 1am and 5am? This is my second month as a VIP subscriber and I’m getting very few signals that I can use because they come in so late at night. What’s up with that?

Leave a Reply to Patrick Ryan Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!