Thread: USD/JPY Update

USD/JPY-market strategy can be a sell form the level 105.20
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD in a bearish direction above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line.

The possibility of range 105.90/106.00 resistance test, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term sells on condition of formation of topping signals the targets will be 105.50/60, 105.00/20, 104.60/80 and/or further breakout variant up to 104.00/20, 103.40/60.
An alternative for buys will be above 106.60 with targets 107.00/20, 107.60/80, 108.00/20.

To 105.20/30 supports it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term buying positions on condition of formation of topping signals the targets will be 105.70/90, 106.10/20 and/or further breakout variant up to 106.60/80, 107.20/40, 107.80/108.00.
An alternative for sells will be below 104.80 with targets 104.20/40, 103.60/80.

For short-term buying positions on condition of formation of topping signals the targets will be 105.70/90, 106.10/20 and/or further breakout variant up to 106.60/80, 107.20/40, 107.80/108.00.

USDJPY
The possibility of pair return to 105.00/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term sells on condition of formation of topping signals the targets will be 104.40/60, 103.80/104.00, 103.20/40
An alternative for buyers will be above 105.60 with targets 106.00/20, 106.60/80

For short-term buying positions on condition of formation of topping signals the targets will be 105.90/106.10, 106.60/80, 107.00/20 and/or further breakout variant up to 107.60/80, 108.00/20.

For short-term sells on condition of formation of topping signals the targets will be 105.00/20 and/or further breakout variant below 104.80 with targets 104.20/40, 103.60/80.

hi, i am super new to forex. i bought a robot, but i'm not sure exactly how to use it. i know a little bit about stocks, but i'm told that monitoring trends is the best way to trade...then i'm told that autobots can do this for you. Do any of you guys use robots to analyze trends?

rate correction at 103.80/104.00 ranges, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term sells on condition of formation of topping signals the targets will be 103.20/40, 102.80/103.00
An alternative for buyers will be above 105.40 with targets 105.80/106.00.

pair return to 100.00/20 range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 99.20/40, 99.60/80, 99.00/20 and/or further breakout variant up to 98.40/60, 97.60/80, 96.80/97.00, 96.00/20.
An alternative for buyers will be above 101.60 with targets 102.00/20, 102.40/60.