USD/JPY: the USD will weaken

USD/JPY: the USD will weaken

Recommendation:

SELL 112.6

SL 113.15

TP1 111.6 TP2 109.9 TP3 107.85

On the daily chart of USD/JPY, bulls managed to stick above the important level of 113.27. Bulls are strong to continue the rally and resume the uptrend. Bears hope for the return to the support at 112.6. A break of it will increase risks of the combination of 1-2-3 and «Three Indians» patterns.

usdjpy_d.png

On H1, if the pair returns to the support at 112.6, the "Shark" pattern with the 88.6% target will be implemented. However, until the pair is above 113.4, bulls are stronger. 

usdjpy_60.png

Similar

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

Deposit with your local payment systems

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

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