It should try higher up to 103.71. Entry point 103.43 or 103.35. After this rise, a correction is expected.
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.
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.
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.
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.
USD-JPY
While below 105.41 - 105.67 it might drop to 104.49 or below 103.98 zone.
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.
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…
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.
The yen is advancing from monthly lows against the dollar and the yen after Japan’s better than expected macro data. This highlights that Japan is on a path to a recovery.