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

#USDJPY
Total Profit: -30 pip
Closed trade(s): 0 pip Profit
Open trade(s): -30 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) - 135.292(current price) = -5 pip
6 trade(s) still open, therefore total profit for open trade(s) is -5 x 6 = -30 pip

#USDJPY
Total Profit: -30 pip
Closed trade(s): 0 pip Profit
Open trade(s): -30 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) - 135.292(current price) = -5 pip
6 trade(s) still open, therefore total profit for open trade(s) is -5 x 6 = -30 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateJune 25, 2022 - 19:08
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 125.093, resumption of uptrend is expected.
  • We make sure when the resistance at 136.585 breaks.
  • If the support at 125.093 is broken, the short-term forecast -resumption of uptrend- 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 136.699 on 2022-06-22, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • A peak is formed in daily chart at 136.700 on 06/22/2022, so more losses to support(s) 133.124, 131.369, 129.442 and minimum to Major Support (125.093) 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 62.

Supports and Resistances:

  1. 135.580
  2. 131.369
  3. 126.409
  4. 125.093
  5. 123.500
  6. 121.271
  7. 116.370
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.