EuroMotif

USDJPY long idea Gap Fill: UJ support zones of Interest

FX:USDJPY   U.S. Dollar / Japanese Yen
This is an update to my ongoing UJ analysis linked below.
As we know Yen pairs are risk sensitive, so watch the news.
Overall velocity and momentum favor continued uptrend.

HOWEVER, the entire bounce looks corrective in general.
So this plan is really just to try grab the LAST FEW PIPS.
The last few pips are often the most EXPENSIVE to catch.

Of course a single Trump Tweet could destroy any plan.
If sure of sentiment, then a loose SL to allow some room.
If unsure of sentiment (me), then super tight SL's are best.

110.309/318 is current support that has been breached.
110.097/107 would be the perfect bullish bounce zone.
109.959/962 would need to see a very strong bounce.

.

See some of my Previous Plans:

Recent Bottom Call (perfect Short into Long)

Recent Top Call (exact Top shorted)

Perfect Long Call (instant profit)

Single Fib Long (gorgeous Fib action)



Comment: Here we are, moment of truth. Watching closely

.
Comment: Now thats more like it !

Zoomed in, a prefect bounce. But immediately the 4.618 is making its presence known :(
Comment: Oops, the Zoom shot

.
Comment: So we fell couple more to the "Risky but Juicy" ledge and got a nice ping but subsequently drilled through it. Risk sentiment is quite bad, stock indicies are diving, gold is flying, so ofc UJ is dropping... best to wait until the storm blows over and see what is left in the rubble for clues ..

..
Comment: Here we are, at Bulls Last Stand really otta see a bounce here ...

.
Comment: Got a nice Ping and wee bit of a bounce.. (cups hands and blows into the coals)

.
the Golden Ratio is my Religion.
the Trading View is my Nation.
the Moderator Tag is my Flag.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out