Friday, 15 January 2021

USDJPY ANALYSIS JANUARY 2021

Analysis 21-Jan-2021

CMP: 103.53;SUP: 102.57; RES: 104.39
Min. target on the downside done.
Reversal or more downside left?
More downside can be 103.32, 103.11, 102.98.

As long as 102.57/101 holds support, I expect big rally.


Analysis 18-Jan-2021

CMP: 103.76; RES: 103.93/104.21/104.41; SUP: 102.55

As long as the above resistances hold, we can see 103.35-103.21

If support 102.55 holds, we will see big reversal and first target will be 104.39.

 


 

Analysis 15-Jan-2021

CMP: 103.79; SUP: 102.57/101.16

If the above levels support, we can see big up move.

Need of upper trend line confirms the up move.

Best Buy entry: 103.30-103, SL 102.57/101.16 max.

TP: 104.26, 105.19, 106.44, 107.68, 111.7, 114.




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