USDJPY Possibilites

FX:USDJPY   U.S. Dollar / Japanese Yen
502 8 32
Details on chart.
Comment: We have also daily cycle train as well..

Comment: Uj on road to 105.7... buy on dip again towards 104.35
Comment: nice jump but sellers active too.. So what now? Remaining below 105.7 means again 104..
Comment: Correction.. simply buy on dips uj for 111 and 112 in between 104 and 106 now.. Upside is fully restored..
Comment: As far as usdjpy is under 107.6, sellers will remain active and targets will be towards 100.

If 107.6 will break then bears will turn buyers..

It is in a wide range.. so anything can happen..
Comment: Uj for today can even visit 103.7
Comment: Market took downside before boj.. thats alarming.. usdjpy has taken downside for today and maybe 1 more move as this move down was fast and fast up.. so now what..?

I am having bullish view as still usdjpy is exactly in this IRON BOAT.. but swings are wide on both sides... bearish sentiment will remaon till pin bar candle of daily will remain..

Lets see what boj will offer..
Comment: Stops should be wide.. wild moves expected!!!!
Comment: Uj hitted downside my rising trendline and still holding.. coming above 103.8 is positive but for today remaining below 104.6 is still shacky..

UJ is still in my IRON BOAT, and i am bullish.. holding longs from 103.03 and 104.13.
Comment: Uj is on edge guys and i have not given up on bull side.. still holding my deals.. uj dip on monday will be buy target towards 103.8 and 104.5 for monday.
Comment: I have deals running on uj from 102.03, 103.03 and 104.13.. tsrget for monday is 103.8 and 104.5
Comment: I am still long.. and after some consoldation targets are 102.5. As far as now 100.86 holds usdjpy will march towards 102.7 and high.
Comment: For today, as far as usdjpy is above 101.9 it will target 102.7
an iron pattern? lol
newbie2016 hatzitesla
No, its not a pattern lol.. just technical drawig..
+1 Reply
hatzitesla newbie2016
hehe...ikr now everybody will be looking for irons :P
for sell usdjpy what should b SL?
newbie2016 prince125700
I dont prefer selling... check my chart... usdjpy is completely bullish..
newbie2016 prince125700
There are reports in market that BOJ is going to announce 27 Trillion yen stimulus package which is keeping uj bullish... but apart from that.. technicals also pointing for 110 and 111...
yes dear i am also waiting for buy. good chart
+1 Reply
newbie2016 Qasimshahzadgt
check uj jumped exactly from that upper line @ 104.. so it will remain on buy side from 104
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