#11380

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New Post has been published on https://worldwide-finance.net/analysis/usdjpy-remains-under-pressure-and-eyes-next-pivot-at-112-85-offers-lowered-to-113-80

USDJPY Remains Under Pressure And Eyes Next Pivot At 112.85, Offers Lowered To 113.80

Daily Forex Technicals |

Written by Windsor Brokers Ltd |

Feb 17 17 09:00 GMT

Long bearish candle that was left on yesterday’s extension of pullback after strong upside rejection at 114.94, heavily weighs on near-term action.

Yesterday’s close below Tenkan-sen line at 113.26 was a bearish signal, with the pair eyeing next pivot at 112.85 (Fibo 61.8% of 111.57/114.94 upleg.

Firm break here is needed to confirm reversal and trigger further weakness from lower top at 114.94.

Corrective upticks should be ideally capped at 113.80 zone (falling 30SMA/Fibo 38.2% of 114.94/113.07 downleg).

Only sustained bounce above 114.00 barrier would sideline downside risk.

Res: 113.26, 113.59, 113.80, 114.22 Sup: 113.07, 112.85, 112.37, 112.00

About the Author

Windsor Brokers Ltd

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

New Post has been published on https://worldwide-finance.net/analysis/usdjpy-remains-under-pressure-and-eyes-next-pivot-at-112-85-offers-lowered-to-113-80

USDJPY Remains Under Pressure And Eyes Next Pivot At 112.85, Offers Lowered To 113.80

Daily Forex Technicals |

Written by Windsor Brokers Ltd |

Feb 17 17 09:00 GMT

Long bearish candle that was left on yesterday’s extension of pullback after strong upside rejection at 114.94, heavily weighs on near-term action.

Yesterday’s close below Tenkan-sen line at 113.26 was a bearish signal, with the pair eyeing next pivot at 112.85 (Fibo 61.8% of 111.57/114.94 upleg.

Firm break here is needed to confirm reversal and trigger further weakness from lower top at 114.94.

Corrective upticks should be ideally capped at 113.80 zone (falling 30SMA/Fibo 38.2% of 114.94/113.07 downleg).

Only sustained bounce above 114.00 barrier would sideline downside risk.

Res: 113.26, 113.59, 113.80, 114.22 Sup: 113.07, 112.85, 112.37, 112.00

About the Author

Windsor Brokers Ltd

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

New Post has been published on https://worldwide-finance.net/analysis/trade-idea-update-usdjpy-buy-at-113-80

Trade Idea Update: USD/JPY - Buy at 113.80

USD/JPY – 114.21

Most recent candlesticks pattern   : N/A

Trend                      : Near term down

Tenkan-Sen level              : 113.37

Kijun-Sen level                  : 113.30

Ichimoku cloud top             : 113.51

Ichimoku cloud bottom      : 113.49

Original strategy  :

Buy at 113.90, Target: 114.90, Stop: 113.55

Position :  –

Target :  –

Stop : –

New strategy  :

Buy at 113.80, Target: 114.90, Stop: 113.45

Position :  –

Target :  –

Stop : –

Current cross-inspired rebound suggests low is possibly formed at 112.53 and consolidation with mild upside bias remains for further gain to 114.50-55 and later towards 115.00, however, as broad outlook remains consolidative, reckon upside would be limited to 115.30-35 and price should falter well below resistance at 115.62, bring retreat later.

In view of this, we are looking to buy dollar on dips. Below 113.55-60 would dampen this bullish view and risk test of 113.04 but only break there would signal the rebound from 112.53 has ended instead, bring weakness to 112.90 support first.

New Post has been published on https://worldwide-finance.net/analysis/trade-idea-update-usdjpy-buy-at-113-80

Trade Idea Update: USD/JPY - Buy at 113.80

USD/JPY – 114.21

Most recent candlesticks pattern   : N/A

Trend                      : Near term down

Tenkan-Sen level              : 113.37

Kijun-Sen level                  : 113.30

Ichimoku cloud top             : 113.51

Ichimoku cloud bottom      : 113.49

Original strategy  :

Buy at 113.90, Target: 114.90, Stop: 113.55

Position :  –

Target :  –

Stop : –

New strategy  :

Buy at 113.80, Target: 114.90, Stop: 113.45

Position :  –

Target :  –

Stop : –

Current cross-inspired rebound suggests low is possibly formed at 112.53 and consolidation with mild upside bias remains for further gain to 114.50-55 and later towards 115.00, however, as broad outlook remains consolidative, reckon upside would be limited to 115.30-35 and price should falter well below resistance at 115.62, bring retreat later.

In view of this, we are looking to buy dollar on dips. Below 113.55-60 would dampen this bullish view and risk test of 113.04 but only break there would signal the rebound from 112.53 has ended instead, bring weakness to 112.90 support first.

New Post has been published on https://worldwide-finance.net/analysis/trade-idea-update-usdjpy-buy-at-113-80

Trade Idea Update: USD/JPY - Buy at 113.80

USD/JPY – 114.21

Most recent candlesticks pattern   : N/A

Trend                      : Near term down

Tenkan-Sen level              : 113.37

Kijun-Sen level                  : 113.30

Ichimoku cloud top             : 113.51

Ichimoku cloud bottom      : 113.49

Original strategy  :

Buy at 113.90, Target: 114.90, Stop: 113.55

Position :  –

Target :  –

Stop : –

New strategy  :

Buy at 113.80, Target: 114.90, Stop: 113.45

Position :  –

Target :  –

Stop : –

Current cross-inspired rebound suggests low is possibly formed at 112.53 and consolidation with mild upside bias remains for further gain to 114.50-55 and later towards 115.00, however, as broad outlook remains consolidative, reckon upside would be limited to 115.30-35 and price should falter well below resistance at 115.62, bring retreat later.

In view of this, we are looking to buy dollar on dips. Below 113.55-60 would dampen this bullish view and risk test of 113.04 but only break there would signal the rebound from 112.53 has ended instead, bring weakness to 112.90 support first.