USDJPY has cracked weekly swing level 111.65

FX:USDJPY   美元/日元
Here we are on Dollar/Yen daily chart , as we can see this market has been falling from 114.33 as we have tailed reversal bar there and now market has broken through and closed below 111.65. We would wait for this market to pull back towards this area and on any bearish signals we will be getting short to it. Keep a look out on this level. good trading!
22nd Nov candle closed less than 50% so we may call it a genuine breakout or not?? Secondly please comment on the current trend of this market, either it is a bullish trend or a bearish trend? For me, its look like a range bound market that flows between 107.75/80 to 114.35/45 . If it is a range bound market, then why we need to look for a bearish signal?? Thanks in advance
@vikki2810, yes we can say its a break out generally we need to see close below the levels so that way its valid one but we also keeping in mind that market is dynamic so anything is possible i.e. it may false break that level and shoot up again. regarding to your second question it is looking like range bound market yes you are right but it is known as "long term trading range" in this context you can trade with the flow. Like if the market breaks any obvious swing you can then wait for pull back to trade with that near term momentum trend. i hope you get me.
vikki2810 Hasshamarehman
@Hasshamarehman, I get you Sir. Thanks for the clarification
@vikki2810, my pleasure
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出