Hi guys! 👋🏻 🔔 The growing number of new Covid-19 infections redound to new public restrictions and State of Emergency declarations in Tokyo, Kyoto, Osaka and Hyogo. There are protest in Japan against the Olympics. Interest rate is still -0.10% 🔔 Japan has the lowest vaccine distribution compared to other countries, thus the rate is 1.6% only compared to the...
Here on the yen we have a bullish butterfly. the completition point is at the yellow line. right now we only have one oscilator in an extereme area. We are looking for the HSI to dip into the extreme area. I hope this pattern is an introduction into a true reversal.
A bounce off the 50EMA on the daily offers great support for this long trade to fill the Shaven Top Candle at first target... then the second higher target if all goes well. Happy Trading folks! Cheers!
A close above the trendline signals a break and a start of a new trend for this USDJPY pair. This pair, more often than not, likes to retest the trendline and sometimes breaking to a new low/high before starting a new trend. One more hour before the candle closes so... we'll just have to watch. Happy Trading folks! Cheers!
This pair has been trending up since early January and we may have an upcoming chance to ride a leg or 2 if we see a break above 106. Looking for daily close confirmation and a bullish price action upon re-test of the level. See below a view of the weekly chart and also why I'm bullish biased. We saw a breakout from a long term descending channel after which, it...
USDJPY - It had an interesting move towards the upside....! What a week right! Crazy in the indices and equity market. Little reminder being a trader it isn't a get rich quick scheme....! Technical aspects: Pattern: Bullish Flag (At key area on Higher time aspect) Support: 104.75, 104.51 , 104.15 Resistance: 104.910, 105.10, 105.20, 105.40 You could trade the...
Dollar Yen has broken the downtrend line and is currently at a previous support. For long positions the first target would be around the 161% extension.
USDJPY - Monthly chart - All trading is a game of supply and demand. When demand exceeds supply, price will rise and when supply exceeds demand, price will fall. Usdjpy is in a monthly downtrend but currently it is trading in a monthly demand zone so shorts are not allowed, we are expecting a pullback upto 107-108 on this pair to take shorts from 108-109 down to...
USDJPY has been moving in a clearly defined descending channel since September 2020. Now the price has entered the resistance zone, so I expect the price to start falling in the next days, maybe after some depletion of the current bullish impulsive move. I think it is a good opportunity to open short position with a good Risk to Reward Ratio. Please comment...
USD/JPY is in a downtrend, but you can go long now on 4h chart to catch some pips.
#105 sell range: 104.205 Targets: 104.130- 104.055- 103.980 Stop loss The first goal: the profit to loss ratio is 1: 1 (104.280) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 104.205(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
Hi guys! 👋🏻 🔔 Japan has been showing a steady recovery from the pandemic today’s Trade Balance and Exports data testifies. Battered US Dollar Index also supports the downtrend of the USD/JPY. 🔔 Yesterday’s US Retail Sales, import and export price indexes data announced were below the forecasted, more importantly Core Retails sales (MoM) was 1 bp lower than the...
USD/JPY looks ready to sell off after retesting the weekly high with an inside bar breakdown.
USDJPY SELL ---------------------------------- TP 1: 104.100 TP 2: 103.950 SL: 104.890 * USE 1% RISK ----------------------------------
Hello everyone! USDJPY continues to proceed downwards in a descending triangle, there should be one final drop before the trend reversal I believe. Wait for a breakout or short here, beware of the volatility of tomorrows Consumer confidence stats. DXY looks very bearish.
Hello Friends ****** the forex market US DOLLAR / YEN is in a downtrend after a remarkable uptrend finish at point 105.628 => so now is the best time for a short position I proposed in the chart the stop loss and take profit point Thank you ATSELECTION
Updating my chart to add more info on why I am bearish. Current price levels also coincide with the measured objective of the inverted H&S formation from the SEPT. 21 low. Also, looking at the monthly chart the market has broken and currently below a key rising trendline. We just need to clear 105.40 which I think is key to this bearish scenario in the short...