USDJPY Key Levels to take note:

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             Key Levels to take note:
Price me be rejected and this level
and break the rising wedge

Look for selling opportunites
if price goes into the zone.
Use RSI to detect the overbought situation
Comment: Now the price is going up to retest the wedge
Comment: look, the price just retested the wedge nicely and fall
Comment: Remember to take partial profit when price hit support zone.
Comment: As I mention 109.40 has support.
I talked about the USDJPY in my last webinar.
I say, we can long as long 109.40 is not broken.
Now it is 11.40, you can keep your long position with almost 100 pips in profit.
Don't short USDJPY now, because there is no bearish price action now.
To lean Jack's Full Trading System:
Weechat ID: 32114564
Hi Jack, the chart breaks 110.67, will you short this position?
Thank you.
Hi jack, will start to go down again after this pullback from support on 109.40?, at what price is your TP?. Thank you
thank you for sharing your analysis
Agreed 100% :)
Hi Jack;
You posted a GBPUSD sell and USDJPY sell also. One of these trades will fail if correlation occurs. Do you always trade counter positions no matter what or consider before placing the trade ?
tntsunrise serdargurlek
that is not counter position. gbpusd sell is now, usdjpy sell is pending, and even i do both of them, i am actually shorting gbpjpy.
it's just cross pairs.
gbp and jpy doenst move the same direction.
serdargurlek tntsunrise
Yes GBP and JPY wont move the same direction but if dollar strengthens GBPUSD sell will win but USDJPY sell will stop out. I think you got my point. For example you have a EURUSD long position open, then you see another a setup for buying USDJPY, do u take it also? I am having a lot of confusion at this point .
will be a nice short
thanks Mr. Jack,

I am in :D
110,025 is perhaps a good cluster for going short. It is the 61,8 retracement with the ending C @ 108,593 ( 100 % ), 38,2 @108,664
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