ForexFunction Logo

"Forex trading involves a high level of risk"

GICM Banner
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

USD/JPY gap up opening gains bullish momentum : FxWirePro | December 4, 2017



Print PDF

USD/JPY gap up opening gains bullish momentum, major trend goes non-directional – One touch binary call to speculate and 1m DNT:



Chart and candlestick pattern formed- Non-directional (monthly plotting) and gap up opening candle pattern (4H chart). The major trend has been stuck in long-lasting range that has prolonged from last 9-10 months.



Major support is seen at 111.896 and 111.062 levels.



Major resistances are seen at 113.331 and 114.733 levels.



The pair has historically shown a fake jump upto these resistance levels and once again declined sharply from that level.



Both leading oscillators ( RSI & Stochastic curves) converge upwards constantly to the price upswings (refer 4H charts).



The pair tumbled last Friday after FOMC member Kaplan’s remarks on the guidance of Fed’s funds rates, US manufacturing PMIs, and Japanese upbeat capital spending.



Any convincing sustenance above 112.712 would likely drag the pair upto next resistance level of 113.331.



The lagging indicators (both 7&21DMA and MACD ) signals the continuation of the minor bullishness.



On a broader perspective, the major trend has been stuck in the range as shown on the monthly plotting (refer rectangular area on this timeframe). The price behavior has been hanging on EMAs, while both leading oscillators have been indecisive and so is the trend indicators.



Hence, contemplating above technical rationale, it is wise to buy one touch binary call option to participate in the prevailing bullish sentiments. The strategy is likely to fetch leveraged yields than spot yields as long as underlying spot FX keeps spiking before the binary expiry duration.



Submit Your Comments:

 Forex Trading VPS


FOREX FUNCTION MEMBERSHIP

FX PREMIUM SIGNAL & AUTOCOPY
Email & Twitter SMS Alert | Secured & Errorless Auto Copy | Support All Broker & Account Types | Premium eBooks, Analysis & Strategy | Custom Risk Management

Plan NameBuy LinkEmail AlertTwitter
SMS Alert
Signal Auto
Copier EA
Free VPS
(1-3 Months)
Monthly Target
(Minimum)
Price
(Montly)
Price
(Quarterly)
Price
(Semi-Annually )
Price
(Annually)
Setup
AUTO COPY Subscribe NowYes Yes Yes Yes*
(Min 3 Month Subscription)
500+ Pips $25 23$ 20$$15Via Live Support
SIGNAL ALERT Subscribe NowYes Yes No No 500+ Pips $14 12$ 9$$7No Need
CashBack View DetailsYes Yes Yes Yes 500+ PipsFree Free FreeFreeVia Support

FF FOREX VPS
Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !