USD/JPY: yen is taking the lead

USD/JPY: yen is taking the lead

Recommendation:

SELL 109.8

SL 110.35

TP1 108.8 TP2 108 TP3 107.8

On the daily chart of USD/JPY, bulls made an attempt to bring the pair to May high in order to trigger AB=CD with a target at 200%. It ended with a pin bar. A break of its low will allow bears to counterattack counting on the formation of the “Bat” pattern.

JPY1.png 

On H1 of USD/JPY, a break of the lower border of the uptrend channel will increase the risks of triggering the “Shark” and the “Head and Shoulders” pattern. It signals a pullback to the short-term uptrend.

JPY2.png

Similar

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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.

Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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