Jpyusdanalysis
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.008645
TP: 0.008570
SL: 0.008710
Bias: Short
The pair is trending bullish but the bias is not very strong. We expect an opposite move from the current price context as we see it will be difficult to pair with dollar for many fundamental and technical reasons such as investor sentiment ,safety and security.
JPYUSD LongTime Frame: 4H
Symbol: JPYUSD
Entry: 0.008642
TP: 0.008716
SL: 0.008584
Bias: Long
The price is now loitering at the support level. A reversal of the current price pattern may occur resulting in a long trade. Our technical studies show a bearish pattern but in most of the case, the current price level is over sold and therefore a bullish expectation is obvious.
JPYUSD LongTime Frame: 4H
Symbol: JPYUSD
Entry: 0.008650
TP: 0.008755
SL: 0.008583
Bias: Long
For JPYUSD our bias is long. As the major trend is downward and the selling pressure is high too. Any trade against the major trend should be short term . Given the current context and volatility in place, we can go for a long trade .
JPYUSD Longtime Frame: 4H
Symbol: JPYUSD
Entry: 0.008739
T.P: 0.008816
S.L: 0.008675
Bias: Long
The instrument is showing an uptrend and the bias is strong for a bullish move. Though the path for any currency is never smooth, when timing gets accurate and we can trigger and detect the right opportunity, the trade goes in our favor.