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Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY
Trade Setup

#USDJPY
Total Profit: 549 pip
Closed trade(s): 549 pip Profit

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

Closed Profit:
TP1 @ 133.615 touched at 2022-07-29 with 162 pip Profit.
TP2 @ 131.369 touched at 2022-08-02 with 387 pip Profit.
4 other break-even trades closed at entry price, therefore no profit no loss.
162 + 387 = 549 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateAugust 20, 2022 - 21:43
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 131.500, resumption of uptrend is expected.
  • We make sure when the resistance at 139.340 breaks.
  • If the support at 131.500 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 131.735 on 08/11/2022, so more gains to resistance(s) 137.000, 138.405 and maximum to Major Resistance (139.340) 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 60.

Supports and Resistances:

  1. 139.340
  2. 135.580
  3. 133.197
  4. 131.500
  5. 129.442
  6. 126.409
  7. 121.271
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Japanese Yen (USDJPY) Sun, 14 Apr 2024
US Dollar / Japanese Yen (USDJPY) Sat, 6 Apr 2024
US Dollar / Japanese Yen (USDJPY) Sat, 30 Mar 2024
US Dollar / Japanese Yen (USDJPY) Sat, 23 Mar 2024
US Dollar / Japanese Yen (USDJPY) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on USDJPY.