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Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY

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Trade Setup
#USDJPY
Total Profit: -1232 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1232 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 105.35 (day close price) based on 'Valleyr' at 2020.11.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Open Profit:
Profit for one trade is 103.81(current price) - 105.35(open price) = -154 pip
8 trade(s) still open, therefore total profit for open trade(s) is -154 x 8 = -1232 pip

#USDJPY
Total Profit: -2090 pip
Closed trade(s): 52 pip Profit
Open trade(s): -2142 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 107.38 based on 'Valley' at 2020.06.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 107.90 touched at 2020.06.30 with 52 pip Profit.

Open Profit:
Profit for one trade is 103.81(current price) - 107.38(open price) = -357 pip
6 trade(s) still open, therefore total profit for open trade(s) is -357 x 6 = -2142 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJanuary 16, 2021 - 22:31
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 103.15, beginning of uptrend is expected.
  • We make sure when the resistance at 104.45 breaks.
  • If the support at 103.15 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 102.57 on 01/05/2021, so more losses minimum to Major Support (103.15) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 51.

Take Profits:

  1. 106.00
  2. 106.95
  3. 107.90
  4. 108.85
  5. 110.20
  6. 112.25
  7. 114.55
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Japanese Yen (USDJPY) new free Sun, 7 Mar 2021
US Dollar / Japanese Yen (USDJPY) free Sun, 28 Feb 2021
US Dollar / Japanese Yen (USDJPY) Sun, 21 Feb 2021
US Dollar / Japanese Yen (USDJPY) Sat, 13 Feb 2021
US Dollar / Japanese Yen (USDJPY) Sat, 6 Feb 2021