Forex signal
A good day for our Forex signals subscribers, We asked them to sell our fx pair of usd/jpy last night. It crashed and our subscribers exited at our targets. Here is our trade advice.
Sell usd/jpy at 107.26 with stoploss of 107.57 for target of 106.90. Usd/Jpy crashed and our subscribers more than 35 pips in this trade and made nearly 350$ profit per lot.
Currently USD/JPY trading at 106.88, A good support on this major forex pair stands at 106.50, If traders break and sustain below our support level. Then expect more pressure in usd/jpy upto 106.20- 105.80 today.
A good resistance on this major fx pair stands at 107.20, If traders break and manage to sustain trade above our resistance. Then expect mild recovery upto 107.60- 108 very soon
Usd/Jpy has entered in negative zone for now so avoid any major buying. Trend is negative for today.
USD Index is putting pressure on all dollar related fx pairs. Currently trading at 89. A good support on dollar index stands at 88.30, If traders break this major support and manage to close below our support. Then expect major weakness in USD Index upto 87.50- 87 very soon.
A good resistance on USD Index stands at 90.20, If traders break this major hurdle and manage to sustain trade above our resistance. Then expect good recovery in dollar upto 90.80- 91.30. Above 91.30 close may lead to long term buying upto 94- 96 in medium term.
Dollar Index trend is weak for now, Avoid any major buy for now. Market is in weak zone so any buy trade should be avoided for now. Trade with low qty.
Read full forecast of usd/jpy and eur/usd in our today’s post here
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This post has been updated at July 04th, 2018.