USDJPY in gradually downward trend

USDJPY is moving in a nice gradual downward trend and currently providing the intra-day traders good opportunity to trade with small targets. Currently another such entry can be seen around 81.85 level for target 81.15 level. A short stop is also suggested with this entry.

On the upper side, if the move is extended towards 82.50, then long term traders might get some opportunities to sell around this level for long term trade.

USDJPY caught in sideways trend.

USDJPY is caught in sideways trend and range between 92.40 and 91.00 seems to come into play during this week. Traders will look to trade between those two levels along with small stops.

Once USDJPY manages to break out of that range we might see some traders looking to trade USDJPY with the break. On upper side, break will lead USDJPY towards 94.00 level while on the lower side break will take USDJPY towards 89.00 level.

 

Yen looking to touch 95.00 level

USDJPY is moving in a nice upward trend and it seems that it will continue its momentum and move towards 95.00 level. The current momentum might extend towards 95.80 level. But before continuing its upward trend, we might see USDJPY taking some retrace towards 94.50 level and around that level, we might be seeing traders entering USDJPY for targets above 95.00 level.

On the lower side, the dip could extend to 94.00 level and if USDJPY breaks below that level, then the next support can be seen around 93.50 level.