Usdjpybuy
USDJPY trend ups“We are seeing a single-handed rise in the dollar vs. other currencies, which likely driven by investors' anxiety over the coronavirus outbreak,” said the Japanese Finance Minister Aso while speaking before the parliament on Tuesday.
"Everyone is buying dollars. That's leading to declines in other currencies. Stocks and bond prices are both falling, which is something that has not happened before," he added.
USD/JPY keeps range below 110.50
USD/JPY consolidates its drop to near 110.10 region, divided between broad US dollar weakness and the risk-on rally in the global equities and Wall Street futures.
At the timing of writing, the spot trades at 111.35, down 0.73% so far. The upside attempts remain capped by the 110.50 levels while markets digest the latest comments from the Japanese Finance Minister.
Source: fxstreet
USDJPY LONG! Test of 113.4 (after trendline) is possible! Analysis is Complete though this pair isn't ready for this dual-test move--
Target 108.431 successfully completed from previous Idea.
A reiteration of all-time-range (110.188- 113.887) could enhance break of trendline for 113.4.
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Perfect up trend on USDJPYHello friends. Here is our analysis on USDJPY. The support and resistance marked are of D1. The pair is moving in that zone for a pretty long time. After hitting the support area the pair started to move upwards towards the resistance level. Also if you notice the black lines we can see that the pair made a new higher high while not breaking the previous higher low. So as per our analysis the pair will continue the pattern till kit reach the resistance which is at 112.000.
Let us know whats your view on this.
Thank you.
Ryan.R.Lopes
USDJPY TREND REVERSALUSDJPY
As the risk sentiment arises the safe heaven Yen has gained the major strength and rallied almost 1000 pips and reached 101.300 level and stalled
We can expect further upward rally in comingdays
Buy orders may placed at 104.300 level
And potential take profit will be 106.800
Stop lose may placed below 103.500 level
USDJPY - Trade idea - 6 Risk:Reward - Long termThe market has been ranging between important zones on weekly timeframe. The market has now printed a bullish pattern(the M pattern), suggesting a bullish move after forming the bottom of the last leg of the M pattern.
Entry: 105.240
TP: 111.5
Stop loss: 104.240