USDJPY daily analysis

The USDJPY acted according last week slowly gaining distance from the 100.80 support. The bulls a reeving to hitting 103.0 and beyond. Today there is a clean bullish setup which we have been presented with. Prices are above the 20 SMA, the MACD trades to the upside and we are also above the weekly pivot.

On data releases the main event was the release of the IFO business sentiment in Germany. The results printed better than expected at 111.3 thus jolting the EURUSD pair higher. In Ukraine the situation continues to deteriorate and this should provide significant attention through the week with it affecting the European markets.

Focusing back on the EURUSD this is a bullish market on the daily time frame.

Prices are trading above the weekly pivot.
The MACD is trading to the upside.
Prices are trading above the 20 SMA.

A bounce from the weekly pivotal levels may be expected, followed by a move to the 103.00 level. A daily close back below 101.50 invalidates this daily bullish outlook.


In order to my personal trading knowledge, now Sellers are available here! That’s way, I trying to SELL this major trading pair from any logical upper swing point! Obviously, 116.67 was a great opportunity for selling this pair and I did! I hope, within next 2 months I will make my TP (it’s around 104.36)! By the way, I make my market analysis based on my price action knowledge!
Always share few charts so that we the newbie of market can understand how you have analysis the market which can help us for improving our trading work.

Hulu Girl

Active Member
Yeah, experienced analysis can be beneficial to learn more about market and we can see what we can do we market. With proper, analysis we can trade without any issue and tension.
Yeah, it is always nice to trade if we have proper analysis from an experienced trader. It would help the traders to make money without any hesitation.

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