USD/JPY, 30 min
Pivot: 109.80
Analysis:
Provided that the currency pair is traded below 110.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 109.80
- Take Profit 1: 109.55
- Take Profit 2: 109.40
Alternative scenario:
In case of breakout of the level 110.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 110.00
- Take Profit 1: 110.25
- Take Profit 2: 110.55
Comment:
Technically RSI shows the possibility of a downtrend during the day.
Key levels:
Resistance --- Support
110.55 -------- 109.55
110.25 -------- 109.40
110.00 -------- 109.20
USD/JPY, D1
Pivot: 110.16
Analysis:
While the price is above 108.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 110.16
- Take Profit 1: 111.35
- Take Profit 2: 112.20
Alternative scenario:
If the level 108.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 108.00
- Take Profit 1: 107.00
- Take Profit 2: 106.10
Comment:
RSI shows a medium-term uptrend.
Key levels:
Resistance --- Support
113.00 -------- 108.00
112.20 -------- 107.00
111.35 -------- 106.10
EUR/CAD Forecast Fundamental Analysis | Euro / Canadian Dollar
Prev article
EUR/JPY | Euro to Japanese Yen Trading Analysis
Next article
Recent articles
EUR/JPY | Euro to Japanese Yen Trading Analysis
ECB head Lagarde: so far we see no signs that inflationary pressures are becoming widespread.
GBP/JPY | British Pound to Japanese Yen Trading Analysis
GBP/JPY is declining from 2-week highs, approaching 151.50.