USDJPY – Buyers already in good shape

Welcome to our Academy. We’re here to help you achieve what you have been looking for.

Use our free analysis where you have everything you need for potencial trade ideas and profit.


USDJPY – Buyers already in good shape

Trend: Buy/ Neutral

Support/Resistance:
R2: 111.046
R1: 110.234
S1: 109.938
S2: 109.726
S3: 109.316

Price action:
Price is still waiting for finnal usdjpy break at 110.234 resistance level which will prove bullish trending idea. For now we might seen some retracements, but overall USD currency is at strong bullish sign. If buyers broke first resistance then we can expect potencial bullish target at 111.046 level. If sellers still have some power to retrace strong enough, then price flow can fall into potencial bulls range.

Potencial trade idea:
Bulls targets:
T1: 110.234
T2: 111.046
Bears targets:
T1: 109.938

NOTE – We are trading USDJPY via the preferred trading setups by EliteFxAcademy


Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.

Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

Good trading!

Elitefxacademy