Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
forex crm provider
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

USD/JPY long setup : FxWirePro | April 20, 2018

Print PDF

USD/JPY 0.21% extends gradual grind higher, break above 55-EMA at 107.37, bias higher.

Japan’s headline inflation slowed in March from the previous month, highlighting the central bank’s struggle to hit its 2 percent target.

Yen weakens across the board as markets now perceive the BoJ's 2% inflation target as incredibly lofty pushing farther anticipated monetary tightening.

On the other side, the greenback remains supported, rises tracking gains associated with the rise in US Treasury yields.

Technical indicators are biased higher. RSI is above 50 levels and +ve DMI dominance and bullish divergence which adds to upside bias.

Price action rages within daily Ichimoku cloud and only a break below will see drag lower.

On the upside we see next major resistance at 108.49 (38.2% Fib) ahead of 100-DMA at 109.05.

Support levels - 107.37 (55-EMA), 107.25 (5-DMA), 107 (23.6% Fib), 106.77 (20-DMA)

Resistance levels - 107.78 ( Apr 0.34% 13 high), 108, 108.49 (38.2% Fib), 109.05 (100-DMA)

Good to go long on dips around 107.45/55, SL: 107, TP: 107.75/ 108/ 108.45

Submit Your Comments:

 Forex Trading 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 !