USD/JPY Trade Ideas
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Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook. Fibonacci Levels XAG/USD: Silver after a remarkable strength yesterday lost 4% and now stands above 38.2% retracement area. EU Marke...
Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud. Further bearish pressure will lead the currency pair to retest the previous lows. Fibonacci Levels XAG/USD: Silver consolidates above 61.8% retracement area. Buyers have returned. European Market View Asian shares scaled a record...
Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook. Fibonacci Levels XAG/USD: Silver in the daily chart shows a significant weakness and bears still hold price below the key retracement...
USD/JPY formed a higher low at the end of last week. Today the pair is testing levels above the 50-day MA. There’s scope for a move up to the 106.50 area if it manages to overcome 106.00. Notice that that area will offer strong resistance so we don’t offer further targets for now. Trade idea for USD...
USD/JPY is declining for the fifth day in a row. When the pair fell below 105.00, it entered a new, lower range. The levels of 105.00 and 105.30 will now act as resistance. At the same time, we can’t say that the US dollar is oversold already: the Awesome Oscillator on the D1 shows that there’s scop...
The US dollar looks vulnerable versus the Japanese yen. As you can see, the resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down. The pair formed a lower high a...