Forecast – BEARISH
Date Posted: 6 Jan 2020
Currency Pair: USDJPY
Current Trend: DOWN
Forecast Move: DOWN
Key Tech Level: 108.40
Trade Action: SELL RALLIES
Stop Loss 108.53 -25 pips
Take Profit 107.03 +125 pips
Chart & Forecast Details
The recent US – Iran tussle has USDJPY well and truly on the back foot with the “Buy YEN” safe-haven trade in play. It’s broken down through both Hourly and Daily support levels and should be a pretty safe trade to sell on rallies back towards resistance at 108.40.
Key Trade Day: Friday 10th Jan – US NFP Employment Change
Forex Trading Courses, workshops & funding opportunities
Join our Forex T4TCapital Trading Programme and let us run the risk!
Get Educated in your own time and learn how the bankers trade.
Our Complete Online Forex Trading Course is the ideal starting point for all traders, both beginners and veterans .
Make trading a full-time career
Our Fast Track Forex Trading Workshops will take you from the beginning to being a full time trader in 5 days.