USD/JPY daily recommendation

[nicolebobbin]

It should try higher up to 103.71. Entry point 103.43 or 103.35. After this rise, a correction is expected.

[nicolebobbin]

Uptrend is still intact in a triangle configuration. It should continue to rally to 104.5 or 105.01 if support around 103.94 hold. After which a pullback to 103.94 - 103.75 zone is possible.

[nicolebobbin]

Market should pop up towards 105.31 or 106.18 this bullish scenario would be damaged if 103.76 - 103.73 zone is broken, a severe break down could then occur.

[nicolebobbin]

USD-JPY
Currently uptrend should end around 105.29 - 105.54 area. A correction down to below 104.73 is expected. A rise above 105.85 will abort the expected correction.

[nicolebobbin]

USD-JPY
While below 106.51 it is more likely to fall further towards 105.57 or 105.28. Premature rise above 106.51 could see it rising above 107.08 zone.

[nicolebobbin]

USD-JPY
While below 105.41 - 105.67 it might drop to 104.49 or below 103.98 zone.

[nicolebobbin]

USD-JPY
It looks set for gains to above 106.96. Supports at 105.37 and 105.69. A break of 105.04 will damage this bullish structure.

[ramzu]

set up ur trade with 1 hour and 5 min chart for today trade. for 50 pips profit. wait for rsi to to rise at overbought at 5 min chart and then short 50 pips. stop loss 25 pips when rsi at overbought and macd cross. this trade only valid for today trade..

[ramzu]

usd/jpn short at 106.00. macd default & 126.0, 112.0 & 19.0 & stochastic default. short at 106.00 , stop loss 40 pips , look at 5 min time frame for enter trade.