SPOT USDJPY - signals pointing higher
Thursday’s signals for USDJPY were neutral and this was the correct interpretation as sentiment traded sideways for an unchanged close, the 3rd in succession. In fact, prices have traded inside the 27th Sep range for 6 days in a row, as dips have been attracting buyers from close to the 200 day average rate and rallies have been attracting sellers at 3 month highs. However, the market is posting a small trend of higher daily lows above the 13 & 200 day average rates, so with this in mind the outlook for Friday is bullish, buying on the open and then at 112.60 with a stop loss at 112.16, a 62% pullback to the gains posted since last week’s low. Targets are to 113.19/25, The Oct & Sep tops, 113.75 and 114.49, July’s high trade.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.