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

#USDJPY
Total Profit: 8694 pip
Closed trade(s): 6765 pip Profit
Open trade(s): 1929 pip Profit

Trade Setup:
We opened 10 SELL trades @ 158.727 based on 'Peak' entry method at 2024-07-11, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 157.873 touched at 2024-07-12 with 86 pip Profit.
TP2 @ 155.002 touched at 2024-07-24 with 373 pip Profit.
TP3 @ 151.925 touched at 2024-07-31 with 680 pip Profit.
TP4 @ 148.545 touched at 2024-08-01 with 1018 pip Profit.
TP5 @ 146.449 touched at 2024-08-02 with 1228 pip Profit.
TP6 @ 143.362 touched at 2024-08-05 with 1537 pip Profit.
TP7 @ 140.301 touched at 2024-09-13 with 1843 pip Profit.
86 + 373 + 680 + 1018 + 1228 + 1537 + 1843 = 6765 pip

Open Profit:
Profit for one SELL trade is 158.727(open price) - 152.298(current price) = 643 pip
3 trade(s) still open, therefore total profit for open trade(s) is 643 x 3 = 1929 pip

#USDJPY
Total Profit: 8694 pip
Closed trade(s): 6765 pip Profit
Open trade(s): 1929 pip Profit

Trade Setup:
We opened 10 SELL trades @ 158.727 based on 'Peak' entry method at 2024-07-11, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 157.873 touched at 2024-07-12 with 86 pip Profit.
TP2 @ 155.002 touched at 2024-07-24 with 373 pip Profit.
TP3 @ 151.925 touched at 2024-07-31 with 680 pip Profit.
TP4 @ 148.545 touched at 2024-08-01 with 1018 pip Profit.
TP5 @ 146.449 touched at 2024-08-02 with 1228 pip Profit.
TP6 @ 143.362 touched at 2024-08-05 with 1537 pip Profit.
TP7 @ 140.301 touched at 2024-09-13 with 1843 pip Profit.
86 + 373 + 680 + 1018 + 1228 + 1537 + 1843 = 6765 pip

Open Profit:
Profit for one SELL trade is 158.727(open price) - 152.298(current price) = 643 pip
3 trade(s) still open, therefore total profit for open trade(s) is 643 x 3 = 1929 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 154.800 is broken, we will close open trades.

DateOctober 26, 2024 - 21:23
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 154.800, resumption of downtrend is expected.
  • We make sure when the support at 139.570 breaks.
  • If the resistance at 154.800 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 154.800 is broken.

Technical analysis:

  • A trough is formed in daily chart at 141.640 on 09/30/2024, so more gains to resistance(s) 153.196 and maximum to Major Resistance (154.800) 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 67.

Take Profits:

  1. 151.925
  2. 150.843
  3. 149.198
  4. 146.449
  5. 144.740
  6. 141.781
  7. 140.340
  8. 137.640
  9. 133.612
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Japanese Yen (USDJPY) Sat, 2 Nov 2024
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