USD/JPY is testing support

USD/JPY is testing support

Trade ideas

SELL 110.75; TP 110.30; SL 110.95

BUY 111.60; TP 112.20; SL 111.40

USD/JPY made a big break down last week and fell until it got supported by 100-week MA at 111.00. The new week started with a bearish gap and the pair opened below this support. As a result, it may test 50-week MA and the lower weekly Bollinger band at 110.30.

USDJPYWeekly.png

A decline below 38.2% Fibo and last week’s low at 110.78 is needed to confirm the near-term downside.

On the upside, a recovery above 111.60 is needed to open the way up for a correction to 112.20.

Similar

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

Levels to trade AUD/JPY

AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area.

Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Deposit with your local payment systems

Learn more

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera