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
Trade Setup

#USDJPY
Total Profit: -498 pip
Closed trade(s): 0 pip Profit
Open trade(s): -498 pip Profit

Trade Setup:
We opened 6 SELL trades @ 135.244 based on 'Peak' entry method at 2022-07-01.

Open Profit:
Profit for one SELL trade is 135.244(open price) - 136.072(current price) = -83 pip
6 trade(s) still open, therefore total profit for open trade(s) is -83 x 6 = -498 pip

Trading suggestion:

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

DateJuly 24, 2022 - 05:32
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 138.938, beginning of downtrend is expected.
  • We make sure when the support at 131.369 breaks.
  • If the resistance at 138.938 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 131.249 on 2022-04-28 and the peak at 139.384 on 2022-07-14, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 139.385 on 07/14/2022, so more losses to support(s) 135.580, 134.327, 133.181 and minimum to Major Support (131.369) 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 50.

Take Profits:

  1. 134.327
  2. 133.181
  3. 131.369
  4. 129.442
  5. 126.409
  6. 121.271
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