التحليل الفني USD/JPY

[Raafat]

No change in USD/JPY's outlook as the pair is still bounded in tight range below 99.67. While it's losing upside momentum a bit, intraday bias remains on the upside as long as 98.85 minor support holds. Corrective structure of fall from 99.67 to 93.53 suggests that rise from 87.12 is still in progress. Break of 99.67 will confirm this case and target 100/103 resistance zone. Though, strong resistance is expected there. On the downside, below 97.85 will turn intraday outlook neutral again. Further break of 95.98 will put focus back to 93.53 cluster support (50% retracement of 87.12 to 99.67 at 93.39). In the bigger picture, with 93.53 cluster support intact, rise from 87.12 is likely still in progress and is in favor to extend further. However, as mentioned before, USD/JPY is still trading below 55 weeks EMA (now at 100.08) as well as medium term falling trend line resistance at 102.57. Down trend from 124.13 is probably still in progress. Hence, even in case of another rise, strong resistance should be seen between 100 and 103 resistance zone. Below 93.53 support will suggest that rebound from 87.12 has completed and will turn outlook bearish for a retest of 87.12/13 support again. However, note that decisive break of mentioned 100/103 resistance will be taken as an early alert that whole down trend from 124.13 has completed and will turn focus to 110.65 resistance for confirmation.

[pipforex]

I used this analysis and I have made over 100 pips today the euro technical analysis also very good, specially when it’s on trading platform like the MT4

[Raafat]

وهذه هي الشارت