The Usd/Jpy is slightly bearish in 4 hours charts, although for now, it’s holding above the 100.00 zone, also an ascendant trend line that has tested a few minutes ago. The pair has a first resistance zone around 100.48, and above it, the pair could easily return to the daily maximum, around 100.84 that if broken will take the pair to 101.18. Regarding supports, under 99.95 the pair will try to reach the zone around 99.42 and finally 99.05.
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Looks like GBP/USD moving strong ,next target will be 1.7750/18300. Think this could happen next few days if it form strong base at 1.7500. Let me know you views. thanks
ram
Hi
As we discussed USDJPY last week going for a big break down towards 80 area in the coming days….. this temporary uptick should be used for selling USD and BUying yen….. I think this upmove may come to an end in between 104.30 and 105.50….. keeping stop above 107.50 we can sell USD for a target below 98….
do u agree mam?
regards
Krishna
Hi Ramadass I agree with you and today, I will add a longer term view for gbp/Usd.. the 1,7500 was also a strong Fibo level, and the pair has already pass trough. I will set the objetives in my post, but as I say, as long as optimism remains strong, we could see a good recovery in the pair.
Hi Krishna how are you? well the fact is that USD/JPY is giving me bullish signals in weekly charts.And daily are close to give them so if you want to short the pair in the long term, it could be a good idea to wait a couple of days: if stocks continue their “optimism” the pair will probably continue rising at least to the 105.00 zone, and there we can see if shorting from that levels worth it.. or not. This week, I bet on bullish continuation.
Regards
Val