website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY

Download MT4 template file

Trade Setup
#USDJPY
Total Profit: 250 pip
Closed trade(s): 250 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 107.60 (day close price) based on 'Valley' at 2020.05.11 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 108.30 touched at 2020.06.02 with 70 pip Profit.
TP2 @ 109.40 touched at 2020.06.05 with 180 pip Profit.
70 + 180 = 250 pip

5 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

Regarding the entry signal of DTO we will invest at Monday - if no GAP - when the market opens.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (106.60)
    • Support on 05/06/2016
    • Support on 06/08/2016
    • Support on 06/09/2016
    • Support on 06/10/2016
    • Resistance on 06/24/2016
    • Resistance on 07/19/2016
    • Resistance on 07/25/2016
    • Resistance on 07/27/2016
    • Support on 11/14/2016
    • Support on 02/22/2018
    • Support on 02/23/2018
    • Support on 02/26/2018
    • Support on 02/28/2018
    • Resistance on 03/13/2018
    • Resistance on 03/14/2018
    • Resistance on 03/20/2018
    • Resistance on 03/21/2018
    • Resistance on 03/30/2018
    • Support on 04/09/2018
    • Support on 04/10/2018
    • Support on 04/11/2018
    • Support on 01/03/2019
    • Support on 08/02/2019
    • Resistance on 08/05/2019
    • Resistance on 08/06/2019
    • Resistance on 08/15/2019
    • Resistance on 08/22/2019
    • Resistance on 08/23/2019
    • Resistance on 08/29/2019
    • Resistance on 08/30/2019
    • Support on 10/03/2019
    • Support on 10/04/2019
    • Support on 10/07/2019
    • Support on 03/18/2020
    • Support on 04/28/2020
    • Support on 04/29/2020
    • Support on 05/01/2020
    • Support on 05/04/2020
    • Resistance on 05/06/2020
    • Resistance on 05/07/2020
    • Support on 06/11/2020
  • Ending of entry zone (106.00)
    • Support on 03/06/2018
    • Support on 03/07/2018
    • Support on 03/08/2018
    • Support on 03/14/2018
    • Support on 03/15/2018
    • Support on 03/16/2018
    • Support on 03/19/2018
    • Support on 03/20/2018
    • Support on 03/21/2018
    • Support on 04/04/2018
    • Support on 01/03/2019
    • Support on 08/07/2019
    • Support on 08/08/2019
    • Support on 08/16/2019
    • Support on 08/29/2019
    • Support on 09/02/2019
    • Support on 03/05/2020
    • Resistance on 03/10/2020
    • Resistance on 03/12/2020
    • Support on 05/06/2020
    • Support on 05/07/2020

DateJune 13, 2020 - 22:31
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 106.000, beginning of uptrend is expected.
  • We make sure when the resistance at 110.300 breaks.
  • If the support at 106.000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 36 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 106.55 on 06/11/2020, so more gains to resistance(s) 107.90, 109.40 and maximum to Major Resistance (110.30) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 107.90
  2. 109.40
  3. 110.30
  4. 112.25
  5. 114.55
  6. 118.60
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Japanese Yen (USDJPY) Sat, 23 Mar 2024
US Dollar / Japanese Yen (USDJPY) free Sun, 17 Mar 2024
US Dollar / Japanese Yen (USDJPY) free Sat, 9 Mar 2024
US Dollar / Japanese Yen (USDJPY) Sat, 2 Mar 2024
US Dollar / Japanese Yen (USDJPY) Sun, 25 Feb 2024