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USDJPY Daily Support and Resistence

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  • USDJPY Daily Support and Resistence in Technical_index
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USDJPY Daily Support and Resistence in Technical_xx
Intraday Preferences: BEARISH
Reference Area: 109.449-109.743 (look for BEARISH signal confirmation)
Support: 109,120, 108,791, 108,497
Resistance: 109,449, 109,743, 110,037

Comment:
USDJPY is stuck in the resistance area. For trading strategies based on forex technical analysis today we can look for sell signals in the area of 109.449-109.743. The target potential is up to the range 109,267-109,120.

Be careful if the price breaks above 109.743 because it will potentially frustrate this bearish scenario.

Alternative Strategy:
A break above 109.743 potentially will be followed by an upward movement to the area of 110.037-110.366. So before opening a buy position make sure the price has actually broken above that level.


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#1 - February 04, 2019, 09:43:00 AM

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USDJPY Daily Support and Resistence in Technical_clip
The price is above the daily pivot 109.93.
A small MA is above the big MA, the price is between the two MAs.
The price forecast will be bullish, but it will retrace first with the initial target of Resistance 1.
Possible to penetrate to Resistance 2.

#2 - February 06, 2019, 06:36:41 AM
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USDJPY Daily Support and Resistence in Technical_clip
Upwards scenario: USDJPY is limited to the next resistive measure at 110.15 (R1) on the upside. Break here is required to enable bullish potential and expose our interim target at 110.50 (R2). Further price appreciation would then be limited to last resistance at 110.85 (R3). Downwards scenario: On the downside we expect positive retest of important fractal level at 109.61 (S1). Market easing below this mark would open route towards to initial targets at 109.24 (S2) and 108.86 (S3).

Resistance Levels: 110.15, 110.50, 110.85

Support Levels: 109.61, 109.24, 108.86
#3 - February 06, 2019, 10:07:57 AM
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USDJPY Daily Support and Resistence in Technical_xx
USDJPY fell in trading today after posting a three-day winning streak on Tuesday. But to continue the decline, the USDJPY must break consistently below the level of 109.50, with the target to the area of 109.25. The next support is in the range of 108.90. While the closest resistance is around 109.80, if the USDJPY is able to be broken it has a chance to rise to the 110.05 area Resistance: 109.80, 110.05, 110.25 Support: 109.50, 109.25, 108.90
#4 - February 06, 2019, 10:24:33 AM

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USDJPY Daily Support and Resistence in Technical_xx
Technically, I see this USDJPY pair has entered a price position that is still feasible to take into account its entry point.

Let's look at the USDJPY chart image 4 Hours The following Time Frame before we analyze:


USDJPY Daily Support and Resistence in Technical_proxy


Let's analyze using Price Action analysis. In the market trend, USDJPY is still in bullish / uptrend, but we also have to anticipate a reversal if the price breaks the support area above and also price consolidation.

In the history of the candle, we can look for Buy opportunity, but to be more objective, I will present an analysis for buy or sell entries.

When we look at the chart above, the Buyer pressure (the length of the Green candle) slowly increases the price without being able to be opposed by the Seller pressure (the length of the Red candle) and forming a Higher Low.

This indicates that the Buyers still dominate the formation of certain price levels. However, Sell opportunities can still be found in this USDJPY pair.

In the picture, I determine the Area Resistance through two lines above the price (110.39 - 110.20), for the Support area, we can see through two lines below the price (109.62 - 109.45)

#5 - February 07, 2019, 12:40:07 AM

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USDJPY Daily Support and Resistence in Technical_clip
parabolic SAR and RSI currently show a rising trend.
The price is above the MA.
The trend is rising and is likely to continue the trend.
Stop loss around MA.

#6 - February 07, 2019, 01:50:33 AM
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USDJPY Daily Support and Resistence in Technical_xx
Pair :USDJPY
Date :07 Feb 2019

R3:110,68
R2:110,37
R1:110,18

Pivot Point :109,87

S1:109,68
S2:109,37
S3:109,19
#7 - February 07, 2019, 08:35:34 AM

  • USDJPY Daily Support and Resistence in Technical_index
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USDJPY Daily Support and Resistence in Technical_xx
USDJPY

Upwards scenario: On the upside, next on tap is seen resistance level at 110.16 (R1). Loss here would suggest next targets at 110.45 (R2) and 110.75 (R3) if the pair resume an ascending structure, initiated today. Downwards scenario: On the other hand, instrument looks overbought and correction formation would be reasonable in near term perspective. Next support level is seen at 109.74 (S1), break here is required to validate our intraday targets at 109.43 (S2) and 109.11 (S3) in perspective.
Resistance Levels: 110.16, 110.45, 110.75
Support Levels: 109.74, 109.43, 109.11

#8 - February 08, 2019, 02:49:37 AM

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USDJPY Daily Support and Resistence in Technical_clip
price above the daily pivot 110.64.

The small MA is below the large MA, the price is above the two MAs.
The price forecast will be bullish with the initial target of Resistance 1.
Possible to penetrate to Resistance 2.
#9 - February 20, 2019, 05:46:10 AM
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USDJPY Daily Support and Resistence in Technical_xx
Intraday Preferences: BEARISH
Reference Area: 109.449-109.743 (look for BEARISH signal confirmation)
Support: 109,120, 108,791, 108,497
Resistance: 109,449, 109,743, 110,037

Comment:
USDJPY is stuck in the resistance area. For trading strategies based on forex technical analysis today we can look for sell signals in the area of 109.449-109.743. The target potential is up to the range 109,267-109,120.

Be careful if the price breaks above 109.743 because it will potentially frustrate this bearish scenario.

Alternative Strategy:
A break above 109.743 potentially will be followed by an upward movement to the area of 110.037-110.366. So before opening a buy position make sure the price has actually broken above that level.
USDJPY ANALYSIS

USDJPY is experiencing a bullish trend phase.
The price of 110.88 is now on the Moving Average Daily.
We observe the USDJPY chart currently moving from 110.63 to 110.92,
The CCI indicator is currently above Zero Level (203.63).
Meanwhile the price is above Parabolic SAR.
The current Daily Range for USDJPY is 29 pips.

From the market conditions and the above indicators we can BUY with a target at 111.30.
#10 - February 23, 2019, 02:18:38 PM

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