Buy on USD/JPY 4HPrice is going up gradually in a parallel channel. A long term ascending movement is happening.
TP1: 105.800
TP2: 106
TP3: 106.200
TP4: 106.400
Usdjpychannel
USD/JPY Upward Channel Trade.Hello traders, USD/JPY is trading at 104.90. The price is trading in upward resistance and support channel, it can go down from here as it has already touched its resistance level. As the price has touched resistance level it can rebound back from here to touch support level, If price breaks 104.73 level then it can hit first target at 104.43 and second target at 104.04.
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Rishikesh Lilawat
INSIDE CHANNEL BUY FOR USDJPY after hitting SUPPORTHello traders, welcome back. So here is our analysis on USDJPY. As we can see that the pair is still running inside its channel and has never broken it. It hit its every support and resistance and bounce back. Right now the pair hit its support and has bounced back. At the same time we can also see that the pair is close to its resistance level. One can take a small buy trade keeping TP close to its resistance level.
Any views welcome. Thnaks.
Ryan.R.lopes
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
