Technicals

Add as a preferred source on Google

FxWirePro: Sell USDJPY on rallies

Ichimoku Analysis (4-hour chart) Tenken-Sen- 107.29 Kijun-Sen- 108.14 USDJPY declined slightly after a minor jump to 107.73. The total number of people infected crossed more than 25 in India and global infection crossed …

1 min read
FxWirePro: Sell USDJPY on rallies
Image from the original EconoTimes article

Read the original article

Ichimoku Analysis (4-hour chart)

 

Tenken-Sen- 107.29

 

Kijun-Sen- 108.14

 

USDJPY declined slightly after a minor jump to 107.73. The total number of people infected crossed more than 25 in India and global infection crossed 94000. The pair hits an intraday low of 107.19 and is currently trading around 106.91.

 

On the flip side, immediate support is around 106.80 and any violation beneath will drag the pair down till 106.40/106.

 

The near term important resistance is around 107.85, an indicative break up targets 108.25/108.60. Minor trend reversal only beyond 108.60.

 

It is good to sell on rallies around 107.35-40 with SL around 107.70 for the TP of 106.

 

 

 

 

 

 

 

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560