USD/JPY: the USD is weak again

USD/JPY: the USD is weak again


SELL 112.85

SL 113.4

TP1 111.85 TP2 111.6 TP3 109.9

On the daily chart of USD/JPY, a break of the support at 112.85 and an exit from the upward channel may mean an implementation of reversal 1-2-3 and "Three Indians" patterns. At the same time, risks of an implementation of "Shark" and "Crab" patterns with 88.6% and 161.8% targets will increase.


On H1, if the pair reaches the 88.6% target of the "Shark" pattern, risks of the pullback and an implementation of "Three Indians" and "Broadening wedge" patters will increase. A test of the support at 112.85 will be important. 



Levels to trade EUR/USD

EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.

USD/JPY: target for selling

The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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