Thread: Analysis of USDJPY

The USD/JPY was at the level of 123.89 at the closing. I think it will go up after the opening.

First support is situated at previous resistance level - 124.58. Bears are trying to settle below this level, because it will prevent bull's pressure. And if this trading day closes below 122.91 level, it will be a signal of very strong downward correction.

The USD/JPY market made an arch, forming a strong resistance and now it moves up. I don't really think it can break the resistance level, and I guess there will be a pivot at about 125.00, but I will open a buy till the pivot is done.

The USD/JPY went up sharply and I guess today the market will stay bearish, so I'm opening sell here.

USDJPY could not break 125.06 resistance area with second attempt and bears took the initiative. Soon it will reach support at 124.03 level and go upwards again.

The USD/JPY has reached 124.48 on its way up after a significant fall. I feel like opening a buy here.

The USD/JPY made a strong sideways trend. I'd better stop trading here and wait for better opportunities.

There is a strong resistance level at 124.15 level. So, I expect a rollback to 124.15 and then decline to 123.36. You'd better sell from this resistance level.

The USD/JPY pair is waving quite unpredictably, so I think scalping is the best choice for this market right now. I'm selling right now to buy then and so on.

The USD/JPY is now going to go down, so I'm opening a sell today. I'll open the deal at the level of 120.40 with a target at 119.40 and a SL at 120.50. I guess there will be a pivot at around 119.20th level.