Forex signal
A good day for our Forex trading signals subscribers , We asked them to sell our favorite fx pair of usd/jpy. It crashed and our subscribers exited on target. Look what signal we provided them today.
Sell USD/JPY at 123.88 with stoploss of 124.28 for target 123.40
USD/JPY cracked beautifully and our fx signal target achieved. We exited at 123.40 and made nearly 48 pips in this trade. We juiced approx $480 profit per lot in this trade.
Currently usd/jpy trading at 123.45, A good support on this major currency pair stands at 122.90, If traders break this support and manage to sustain below our support. Then expect good pressure in usd/jpy upto 122.50- 122.05 today.
A good resistance on this major forex pair stands at 123.92, If traders break this hurdle and manage to sustain above our resistance. Then expect good recovery in this major fx pair upto 124.30- 124.70 today.
Usd/Jpy trend is weak for now. Avoid any major buy as market has entered in weak zone. We wont recommend any fresh sell as well. We have fetched more than 45 pips already in our forex signal, and market is down more than 60 pips from our sell point. So lets avoid any trade for now.
Dollar Index is pulling all dollar supported pairs down. A good support on dollar chart stands at 96.78, If traders break and sustain below this support. Then expect more pressure in greenback upto 96.50- 96.20 in upcoming days.
A good resistance on dollar chart stands at 97.45, If traders break and sustain above our resistance. Then expect good recovery in dollar index upto 97.80- 98.20 and even more upside in greenback not ruled out in upcoming days.
Currently dollar is in weak zone as equity markets are pressuring greenback. Avoid any major buying for now and stay in sell mode. Sell on rise would be good trading strategy.
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This article is updated at June 25, 2018.