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Usdolllar

USD/JPY Long PositionFX:USDJPY Entry Level: 109.850 TP: 11.850 SL: 108.42 Ratio: 2:1 Based on the daily chart, the price has closed at a key support level which it hit in mid september 2018. Note that after that it hit that resistance level, it went on a major bull run, which saw the price go from a low of 109.900 (current), to hit highs of 114.00 !! In addition, the current candle is a long wick, signalling a potential reverse as buyers are coming in. US-China trade talks are close to reaching an agreement, which should see the dollar rise back to its average moving price ranges.
Long
by WallStreetBaby
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=110.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=110.65. TP4: R2=110.8. Set the stoploss of these orders at breakout of S2=109.9. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=109.9. In this situation, there is an expectation to reach the target S3=109.25. Set the stoploss of reverse orders at breakout of S1=110.1. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity