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: 9126 pip
Closed trade(s): 3536 pip Profit
Open trade(s): 5590 pip Profit

Trade Setup:
We opened 10 SELL trades @ 146.666 based on 'Peak' entry method at 2022-11-04.

Closed Profit:
TP1 @ 145.094 touched at 2022-11-10 with 158 pip Profit.
TP2 @ 141.526 touched at 2022-11-10 with 514 pip Profit.
TP3 @ 139.340 touched at 2022-11-11 with 733 pip Profit.
TP4 @ 137.355 touched at 2022-12-01 with 931 pip Profit.
TP5 @ 134.672 touched at 2022-12-02 with 1200 pip Profit.
158 + 514 + 733 + 931 + 1200 = 3536 pip

Open Profit:
Profit for one SELL trade is 146.666(open price) - 135.485(current price) = 1118 pip
5 trade(s) still open, therefore total profit for open trade(s) is 1118 x 5 = 5590 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.
  • If the Midterm level 141.728 is broken, we will close open trades.

DateDecember 13, 2022 - 19:40
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 141.728, resumption of downtrend is expected.
  • We make sure when the support at 131.500 breaks.
  • If the resistance at 141.728 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 141.728 is broken.

Technical analysis:

  • While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 142.235 on 11/22/2022, so more losses to support(s) 134.672 and minimum to Major Support (131.500) 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 36.

Take Profits:

  1. 145.094
  2. 141.728
  3. 139.340
  4. 137.355
  5. 134.672
  6. 131.500
  7. 129.442
  8. 126.409
  9. 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