here is my take on this pair on 3 different time frames : Monthly : We hit a major trend line dating back to 2002. Considering this pair has been a bull since 2012. what we see here is basically a pull back that took place from 1/7/15 till today. if by any chance we break the trend line, then this pair shall be officially bearish and may go back to 2012 low''s....
Price always returns to its median as they say and this is a very good example of it. If you would have called out this short here on TV back in May 15 (which I did) you would have been laughed at and mocked ) it seems I got the last laugh ) Nevertheless, every good trader makes sure he/she has a perspective on things. Now, this is a very tricky position and to...
The pattern from the top is complete and usdjpy is ready to go higher. 2 possibilities here are for the 125.57 high to be broken and the low is in place or the corrective pattern from the 125.57 high is not yet complete and will transform into a bigger corrective wave. The direction for the short term is the same. Good luck !
USDJPY has created a double bottom on 4hr chart. MACD indicator also has a bullish divergence. A long position is recommended. Trade plan: - Buy at market. - Target 106.00 and 107.50 - Stop loss 103.50 Stay Tuned.
Just started a double bottom, the target have more than 150 pips. But i think, price need a harder correction, can arrive to 61.8%fibo, low risk to a high profit.
FX:USDJPY Stay tuned today or tomorrow to buy Yen in the best area to be more profitable. Dont lost the timing My hint to buy Yen is after closed market. Analyse the indicators and make your study about.
Pivot: 105.60 Most Likely Scenario: short positions below 105.60 with targets @ 104.05 & 103.40 in extension. Alternative scenario: above 105.60 look for further upside with 106.00 & 106.40 as targets. Comment: the RSI has broken down its 30 level.
We bottomed out at 105.5. It time for breakout from descending triangle and hit top of daily chart.
Pivot: 106.40 Most Likely Scenario: short positions below 106.40 with targets @ 105.65 & 105.30 in extension. Alternative scenario: above 106.40 look for further upside with 106.65 & 107.20 as targets. Comment: the RSI lacks upward momentum.
USDJPY currently trading near the range of 106 levels. We look to take a buy call in this currency from current levels, keeping 104 below as sl. We expect a target of 117.90 as per the charts.
Pivot: 106.65 Most Likely Scenario: long positions above 106.65 with targets @ 107.45 & 107.90 in extension. Alternative scenario: below 106.65 look for further downside with 106.35 & 106.00 as targets. Comment: the RSI is bullish and calls for further upside.
With a break of the 109.170, USDJPY now has the momentum to go to 108.477.
In our previous analysis, we said that USDJPY might temporarily correct down towards 109.40-109.20. And last Friday, price did hit even lower, making a new low at 106.40. We can see chances of it going up as long as 105.50 low remains intact.
USDJPY - Expanding Triangle Still staying Sell position if you have the orders. Looking forward to seeing bearlish continuous patterns to ride the downtrend to hit trendline. Hey guys, at your own risk! Good luck
If USDJPY break though 150% level of fibo i believe it will drop untill 107.20-107.50 this zone . if price hit this zone i will consider to buy USDJPY. currently i think USDJPY should keep going down .
FX:USDJPY @ .618 Retracement of Down AB Swing Counter Trend Line Break @ Daily Down Trenline StochRSI over bought Price Below 0.236 of last down AB Swing STOP LOSS: 15 PIP ABOVE PREVIOUS HIGH; @112.157 TAKE PROFIT: FIRST TARGET - Fib Level 1.27 of first AB Down Swing @ 105.408 SECOND TARGET - Fib Level 1.618 of first AB Down Swing @ 103.328 EXCELLENT...