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We would like to inform you that, the UK's Conservative Party leadership election on 23.07.2019, will be significantly important and may trigger abnormal market conditions, including but not limited to:
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Trend Hunter performance since 2015 for this symbol

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Weekly forecast US Dollar vs. Japanese Yen technical chart
Symbol USDJPY

Download MT4 template file

Trade Setup
#USDJPY
Total Profit: 3171 pip
Closed trade(s): 1031 pip Profit
Open trade(s): 2140 pip Profit

Trade Setup:
We opened 11 SELL trade(s) @ 111.61 (day close price) based on 'Two-day reversal candle (Shooting Star)' at 2019.04.25 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 111.45 touched at 2019.04.26 with 16 pip Profit.
TP2 @ 110.95 touched at 2019.05.06 with 66 pip Profit.
TP3 @ 110.35 touched at 2019.05.06 with 126 pip Profit.
TP4 @ 109.70 touched at 2019.05.09 with 191 pip Profit.
TP5 @ 108.75 touched at 2019.05.31 with 286 pip Profit.
TP6 @ 108.15 touched at 2019.06.03 with 346 pip Profit.
16 + 66 + 126 + 191 + 286 + 346 = 1031 pip

Open Profit:
Profit for one trade is 111.61(open price) - 107.33(current price) = 428 pip
5 trade(s) still open, therefore total profit for open trade(s) is 428 x 5 = 2140 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 108.75 is broken, we will close open trades.

DateSat, 06/22/2019 - 21:35
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 108.75 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 108.75 is broken.

Technical analysis:

  • While the RSI resistance #1 at 49 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 108.80 on 06/11/2019, so more losses to support(s) 106.60, 104.65, 102.75 and more depths 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 27.

Take Profits:

  1. 111.45
  2. 110.95
  3. 110.35
  4. 109.70
  5. 108.75
  6. 108.15
  7. 106.60
  8. 104.65
  9. 102.75
  10. 100.00
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar vs. Japanese Yen (USDJPY) Sat, 20 Jul 2019
US Dollar vs. Japanese Yen (USDJPY) Sat, 13 Jul 2019
US Dollar vs. Japanese Yen (USDJPY) free Sat, 6 Jul 2019
US Dollar vs. Japanese Yen (USDJPY) Sat, 29 Jun 2019
US Dollar vs. Japanese Yen (USDJPY) free Sat, 22 Jun 2019