Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
USDJPY is trading around 149.62. Price pulled back towards the Daily Kumo (cloud) and found support. Price is now bouncing off the cloud support towards the kijun-sen (yellow line indicator) and the tenkan-sen (red line indicator). Both indicators are found around 149.55. Bulls need to stay above this level. A daily close below this level will put USDJPY in danger of a move lower towards the cloud support again. The Chikou span (black line indicator) has broken below the candlestick pattern (bearish). Cloud support is at 148.83 and as long as we trade above this level, bulls are in control. Traders need to watch out for potential rejection at 149.55. If USDJPY forms a lower high and re-enters the cloud, this would be a bearish signal increasing the chances of a major reversal.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
