Select Page

Get More Power Over Your Trading With Less Hassle

FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results

USDJPY: Risk Turns To 121.50/73 Zone On Bull Pressure

USDJPY: With a second day of recovery seeing the pair closing higher on Tuesday, further bullishness is envisaged. It was seen following through higher during early trading today. Beware of the 121.50/73 area because it is key to any full blown bullish offensive. On the upside, resistance resides at the 121.50 level where a cap may be occur again. Further out, we envisage a possible move towards its range top at the 121.99 level. Further out, resistance resides at the 122.50 level with a turn above here aiming at the 123.00 level. A break will target the 123.50 level. Its daily RSI is bullish and pointing higher suggesting further upside. On the downside, support comes in at the 120.50 level where a break if seen will aim at the 120.00 level. A cut through here will turn focus to the 119.50 level and possibly lower towards the 119.00 level. On the whole, USDJPY remains trapped within its range.



The Award-Winning Analysis Solution for Forex & Commoditidy Traders

Your trading, made easier

Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.

See Plans and Get Started