Usdjpybuy
USDJPY BUY IDEA** JUST AN IDEA. NOT A SIGNAL **
I look to see a bullish behaviour from the trade to about 107.420.
Momentum has been lost over the few days however we can see a pattern is forming.
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USDJPY Analysis FOR SHORT TERMThe level price of USDJPY is evolving under the VWAP, each time the price approach the VWAP, it goes back to the hallway fixed by the Pitchfork indicator.
Until now, signs show that USDJPY is going down FOR SHORT TERM.
A change could happen once we have an increasing break of the VWAP, and the resistance of pitchfork indicator.
USDJPY
USD/JPY Trading Idea BullishHello Traders
USD/JPY Price is holding between .50 and 61.8 Fibonacci level. Middle line of the channel and 200 SMA are acting as strong support level. I think price will .618 level @ 107.451 and then will reverse. RSI and Stochastic are oversold .
If Market holds .618 level and reverse to the upside profit targets will be between 109.00 and 111.00
USD/JPY AnalysisIn the long term, we are expecting an upward trend. After the equilibrium range, and after breaking it, the USD/JPY is taking an increasing trend, the price is going up. So we can say that the buyers are taking control of the market, and it would be better to buy USD/JPY.
However, we could expect a short decreasing path, in the short term, returning to the support of the upward trend/
In general buying USD/JPY would be profitable for long term investment.