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Intraday forecast technical chart
SymbolUSDJPY
Release TimeWed, 12/06/2017 - 19:59
Advisebuy (limit) above S1=111.7
Intraday
Short term
Yesterday range49
Yesterday high112.86
Yesterday low112.38
Yesterday close112.59
R3113.1
R2112.85
R1112.5
S1111.7
S2111.5
S3110.85
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=111.7.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=112.5.
TP4: R2=112.85.
Set the stoploss of these orders at breakout of S2=111.5.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=111.5.
In this situation, there is an expectation to reach the target S3=110.85.
Set the stoploss of reverse orders at breakout of S1=111.7.

Latest forecasts
Release Time Symbol Intraday Short R S
Tuesday, December 12, 2017 - 20:07 USDJPY Subscribers Only Subscribers Only
Subscribers Only
Subscribers Only
Subscribers Only
Subscribers Only
Subscribers Only
Monday, December 11, 2017 - 19:50 USDJPY 114.4
113.9
113.7
113.25
113.05
112.4
Monday, December 11, 2017 - 09:58 USDJPY 114.4
113.9
113.7
113.25
113.05
112.4
Thursday, December 7, 2017 - 20:03 USDJPY 113.8
113.5
113.3
112.75
112.55
111.9
Wednesday, December 6, 2017 - 19:59 USDJPY 113.1
112.85
112.5
111.7
111.5
110.85