USD/JPY: bulls keep pushing

USD/JPY: bulls keep pushing

Recommendation:

BUY 112.5 SL 111.95 TP1 113.7 TP2 114.25 TP3 115.3

BUY 111.85 SL 111.35 TP1 113.7 TP2 114.25

On the daily chart, USD/JPY approached 88.6% target of the inverted “Shark” pattern. If they succeed to keep the pair above 113, the pair may go for 113% target.

JPY1.png 

On H1, USD/JPY keeps rising towards 224% target of AB=CD. The nearest resistance is close to 113.65. A recoil down from this level is likely. Trend remains bullish, so correction with the following recoil to the downside may be used for buying.  

JPY2.png

Similar

GBP/JPY is choosing the way

GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.

USD/JPY: intraday trading

Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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