After Covid-19 USD pumped like crazy now it is time to chill down and do some pullbacks. As you can see beautiful Double Top formed and neck is around 128. Here is my idea of how it will go and where I am gonna take profits.
As you can see RSI making huge divergence in 1W TF and most likely to retest previous high which is around 152. It can go higher but if candles are able to close below 152 it is most likely to go down till 127-125 area.
Isdjpy hasn't break all time high as other pairs did . I see big potential to break all time high then drop to the main support to continue climbing again to all time high Enjoy 🔥
Hi Traders! This is a critical week for the US dollar. The US dollar's long term direction heavily weighs on the outcome of the Federal Reserve's interest rate decision and their statement this coming Wednesday. Here on the USDJPY 3H chart, the price action shows that since the 140.934 high shown on the chart, the sellers have taken over, and we have had...
Hi Traders! Please see target levels for USDJPY below. TARGET 1 - 142.255 TARGET 2 - 144.108 *APEX LEVEL* - 151.946 USDJPY continues with bullish momentum. A couple of weeks ago, we had a long term view (link to idea below) that USDJPY would target the 140.000 level. However, we did not think it would do this so quickly. After a brief pullback from the...
Hi Traders! We have a long-term ascending triangle formation on the 1D chart. There is a triple top resistance setup at the 138.136 (December 16th 2022 high) area and we must break and close above this level for a bull push towards the psychological 140.000 level which we have not seen for almost a year and a half. As long as we stay above the 50 Moving Average...
A long term chart analyses for this pair , a lot of imbalance in just one candle and a POI at the marked zone. We should wait for the market what structure will bring to us and then jump on the trade
Here's my view on USDJPY. It has been a pretty long bull run for the past few years and it's not going to stop soon. So there are 3 scenarios which will likely to happen. 1st Scenario is there will be a pullback due to a strong weekly supply zone to the nearest support from the past few weeks' price and it will continue going higher and breaking the supply zone...
Look out for a short term LONG and SHORT. Looking to trade all waves indicated
THE IDEA IS STILL MOVING AND GETTING CLOSER TO OUR LONG TERM BUY ENTRY.
This is my Idea on USDJPY Im seeing a bullish break if we respect the .885 zone, if NOT we looking for a possible bearish break...All of this counting the right reversal patters (Feel free to leave a comment)
The low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390. What we have observed is price discounting itself. An opportunity to buy at a cheaper price level. So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from...
Hi Traders, The USDJPY has been trading in a large triangle on the longer cycle after a bullish Elliot wave impulsive structure that ended in May 2015. Once the price breaks out of the triangle trendline and crosses the wave (D) high, we can expect a long-term bullish move. . However, in the shorter cycle, the price has just completed a three-wave correction that...
Hi Traders, The USDJPY reversed from a key support level that lined up with a daily ascending trendline then broke out of a resistance level. . The impulsive breakout labeled wave (i) blue is most likely to be part of wave 3 of larger degree. . Currently, the price seems to be building wave (ii) of 3, and it has the potential to move up towards wave (iii) target...
USDJPY have been trading in multi days bullish channel with succession of tops and lows, i see scope for further upside, as momentum still support the upside potential. Watch for a strategic entry around trend line while stop at green line, target 112.62.
USDJPY penetrated an important trend line, it could retest it and our safe confirmation toward our goal (118) is to not plunge under this trendline. Let's be prepared for this scenario and watch out!