UsdJpy is seen retracting on resistance line for a good sell back to supports(108.500)(Pink rectangular shade) or more(Thick grey line), So as long as resistance(yellow rectangular shade) isnt broken then sell! or wait for a breakouts @109.300 then sell! Please comment and share your ideas on this particular pair too. thanks!
As you know, USD/JPY had a thriving week for the bears. We believe it is time to have a short term correction. Having said that, you should not be putting a lot to risk as bears still look powerful. However, we share it since we see a good opportunity risk/reward-wise. Follow to hear more. Entry: 108.00 Stop: 107.7 Target: 109.25 Have a nice week!
Hi Traders, Dollar- Yen is on an uptrend, but for the 4hr chart, it is going on this a horizontal line in which if the market is able to retest and retrace we may go long /Buy with two targets:: Here is the setup USDJPY Buy at 108.450 Stop Loss at 108.130 Target 1 at 109.280 Target 2 at 109.610 Good Luck
UJ Head & Shoulder: Buy-limit after retracement
USDJPY Setup: ABC Confluence: BRN CRS Break double tops neckline Entry: Sell Limit @ 107, SL @ 107.50 (50 pips), TP @ 106.00 (100 pips)
In today's #marketinsights video recording I analyse #usdjpy and #gbpusd USDJPY affected by: - China announcing ready for a partial deal - Fed Chair not as dovish, and expected to remain the case today - US troops withdrawal from Turkey-Syria borders (perhaps to distract from impeachment inquiry?) But with Thursday's talks resuming and Trump blacklisting Chinese...
Price has broken back into an area of former congestion (108.8 - 106.8) and has fallen to test the lower range after a double-top Price action has now stalled and is showing some indecision, forming an inside bar. Trading the break of the mother bar to the downside should see a restest of recent lows (see chart)
In today's #marketinsights video recording I analyse #EURUSD and #USDJPY #EURUSD weak on: - US-EU potential trade conflict (airbus illegal state aid - WTO depended) - ECB's Germans board member resignation Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive #USDJPY strong on: - Dovish Evans...
It is making a small flag above the trend line here, I have a buy position still open from 106.75 and I took another trade today, on a short term forecast which has a good potential for a longer-term trade (check the daily view below)
W- Four weeks of consolidation zone broken, fifth-week candle closed above all the previous wicks. D- Bearish structure broken, new higher low and higher high have been formed. ( would it retest 38.20%?) 4h- 38.20% fib re-test. First TP : 107.664 Second TP : 108.187 Over all TP : 109.826 (300 pips)
USDJPY Trading in descending channel, shown on one hour chart. Approaching channel resistance. Might be a few days away still. Looking for short entry swing trade. USDJPY also a good indicator of risk sentiment. A change in trend to the downside may correlate with a short term top in S&P and attract buying pressure across the precious metals.
FREE ANALYSIS ON USDJPY Welcome to SiriusTrading - 1 HOUR Chart USDJPY could make one more bullish run to around 106.255 or even higher at 106.600. From then we should see more move to the downside. Watch That top for more downside Support us with your likes and comments
In the hourly time frame we see price pushed up to an important level of resistance and then reject below breaking out of its respected uptrend. The Market is showing us that price can begin consolidating at the key swap level price is at right now and this breakout could be an exhaustion for the bulls before they come back in with another impulsive push up...
UJ looking like a double top so my entry: 108..02 profit: 107.42 stop loss right above that liquidity pocket at the highs 108.67 or so