Only charts

The chart says that we have a rising trendline . usdjpy still finds support near the trendline and it is also area of horizontal support for the pair. Long positions can be opened with stoploss on 4hour candle close below the rising trend line and take profit around 113.30¥. A break below the trend line will open the way for a test of 109.70¥ where it will find some support on the daily chart.

Usd/jpy will break and stabilize above 112¥ anytime soon. The pair has found decent support around 110.60¥ .and has been building bullish sentiment over the last few trading session.  The pair made a low today @ 111.65¥ and a high of 112.26¥. The trade tensions between united states and China and the tariffs war is the definitely headlines everyone watching for . however , as I believe strongly in technical analysis as the king , then we should see news that will help the dollar rally against Japanese yen soon. First Long term target is definitely around 115¥

Usdjpy is trying hardly break the downtrend line from 118¥ high after trump winning presidency in November 2016. The pair is currently trading at 110.65¥ , it might keep gaining to reach 112.40¥ area before reversing back again. I would like to short the pair at 112.40¥ area , it will be really profitable trade with very low risk.

Usdjpy plunged after reaching 109.80¥ already mentioned in my earlier post today. You should have all made a 25 pips profit then. I think we still have a chance for usdjpy to get back above 110 mark.

Start a long position at 109.50¥ area with little target at 109.80¥ . The pair is very well supported around this area , however it is unable to break 110.20¥ area. Keep following for updates