Forex Trading – News and Strategy

USD/JPY Open 93.05 High 93.41 Low 92.74 Close 93.17

Dollar corrected downwards against the Yen on Wednesday, in line with the Interbank sentiment at around -4%. Yesterday the currency couple dropped from 93.41 to 92.74, closing the day at 93.17. Break above the nearest 93.41 resistance and yesterday’s peak would support further bullish perspective. The medium term trend may return back to bearish as the downward channel on the 1 hour chart is still in good shape. Immediate support is yesterday’s bottom at 92.74, and consistent break bellow it would strengthen the Yen further towards next target 91.60. There are no major economic events for Japan today. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The values of the RSI and CCI indicators are positive and declining, while MACD is neutral and slightly rising on the 1 hour chart, giving overall light short forex signals.
Trading resistance levels: 93.41 94.17 95.00
Trading support levels: 92.74 91.60 90.71

Trading range: 93.40 – 92.80
Trend: Downward

Forex Trading Strategy

Sell at 93.30 Stop Loss 93.60 Take Profit 92.90

Already made +7 pips profit on USD/JPY today from the forex signal:
5:33 GMT+1 Sell USD/JPY at 92.86 Stop Loss 93.12 Take Profit 92.36 exit at 6:21 GMT+1.
Total today +47, yesterday +121, as shown in details here.

Previour Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a trading signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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USD/JPY Open 93.15 High 93.39 Low 92.41 Close 93.21

Dollar continued recovering against the Yen on Tuesday, in converse with the Interbank sentiment at nearly -16%. Yesterday the currency couple rose from 92.41 to 93.37, closing the day at 93.21. Break above the nearest 93.39 resistance and today’s top would support further bullish outlook. The medium term trend is turning into bullish as the upward impulse is gaining momentum on the 1 hour chart. Immediate support is yesterday’s bottom at 92.41, and consistent break bellow it would strengthen the Yen further towards next objective 91.60. Today is the Japan’s Trade balance at 23:50 GMT. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish market. The values of the RSI and CCI indicators are positive and rising, while MACD is positive and calm on the 1 hour chart, giving overall long forex signals.
Trading resistance levels: 93.39 94.17 95.00
Trading support levels: 92.41 91.60 90.71

Trading range: 93.00 – 93.65
Trend: Upward

Forex Trading Strategy

Buy at 93.14 Stop Loss 92.84 Take Profit 93.54

Already made +22 pips profit on USD/JPY today from the following signal:
5:31 GMT+1 Buy USD/JPY at 93.16 Stop Loss 92.90 Take Profit 93.66 exit at 7:59 GMT+1.
Total today +121, yesterday +128, as shown in details here.

Previour Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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GBP/USD Open 1.5363 High 1.5427 Low 1.5291 Close 1.5356

Pound/Dollar appreciated on Tuesday, in converse with the Interbank sentiment, at nearly -11%. The Cable increased yesterday from 1.5291 to 1.5427, closing the day at 1.5356. Today Sterling is trading with slight upward incline. First resistance is Tuesday’s top at 1.5427. Break above it should extend the bullish movement further towards 1.5469. The nearest support is yesterday’s bottom at 1.5291. Going bellow it may extend British Pound’s weakening further down towards 1.5192. Today’s focus is on UK Claimant count, Average earnings, ILO Jobless rate, and BoE meeting minutes at 8:30 GMT. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slight bullish pressure. The values of RSI, and CCI indicators are all positive and declining, while MACD is positive and calm on the 1 hour chart, giving overall light long forex signals.
Trading resistance levels: 1.5427 1.5530 1.5523
Trading support levels: 1.5291 1.5192 1.5113

Trading range: 1.5350 – 1.5425
Trend: Upward

Forex Trading Strategy

Buy at 1.5362 Stop Loss 1.5332 Take Profit 1.5412

Already made +52 pips profit on GBP/USD today from the following forex signal:
5:30 GMT+1 Buy GBP/USD at 1.5360 Stop Loss 1.5334 Take Profit 1.5420 exit at 7:21 GMT+1.
Today so far +113, yesterday +128, as shown in details here.

Previour Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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