Friday 14 May 2021

Technical forecast for USD/JPY

By Jason Sen () · May 15, 2013 · Comments Off
Cross Rates · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

USDJPY held above support at 100.90/80 & broke this week’s high at 102.15 to hit our 102.42 target & the outlook remains strong so watch for a break higher to target 103.07. If we keep going we should struggle at 103.55 resistance this week & this could mark the high if seen. Do bear in mind however that we could reach as far as 105.50 in the coming weeks on this next leg higher.

Support at 102.15/05 then 101.35/25.

Cross Rates

Risk WarningSite visitors hereby acknowledge that: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Technical forecast for USD/JPY

Types of Charts and How They Are Constructed by Abe Cofnas

Launching Long Term Position Trading In Forex by Abe Cofnas

Currencies, Commodities and Intermarkets By Abe Cofnas

Currency Pairs – Key Characteristics By Abe Cofnas

Types of Charts and How They Are Constructed by Abe Cofnas

USDCAD Looks Bullish Long-Term! – Elliott wave (video)

Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day

EURUSD : Sell Trade Setup

Elliott Wave View Expecting AUDJPY to Extend Lower

Elliott Wave View: S&P 500 Futures Eyeing New All-Time High