Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
USD/JPY: intraday trading

USD/JPY: intraday trading

Information is not investment advice

Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming. The US economic data due later today may act as a trigger. The overall trend is to the upside, but the pair is trading in the middle of the bigger range and may correct to the downside. As a result, both scenarios have almost equal probability.

Notice that on the upside, resistance is provided by the 200-day MA (111.30) and 110-day MA (111.55), while the 50-day MA acts as support (110.10).

USDJPY.png

Similar

How to trade WTI oil

WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.

Popular

How to trade WTI oil

WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.

Choose your payment system

Learn more