USDJPY is still bearish after closing back inside the recent highs.
A little rally can be expected to testing the prior highs before resumption of bearish slide.
Trade well and remember risk management.
Check previous post
Bullish move has reached a key barrier, as price test a long term retracement around 105.60, a downside correction may start on a break below horizontal support at 103.75
The price is testing the long term 61.8 retracement for 124.13-75.55 bearish trend 105.62, amid strong log term overbought signal.
Check next post for daily analysis for a possible trade
USDJPY
afyer retest
sell short
until 0.5 / 0.618 fib level
On the chart displayed, there's a trading strategy that involves waiting for a price retest following a break of structure. A detailed analysis suggests that, once the price retests the significant level and shows clear signs of rejection, we should prepare for a potential short (sell) entry....
USDJPY already made our target complete
So we now observe 2nd phase to move back and then will comes to sell pressure on same price
So we can now wait for our next zone
Dear Traders,
Now we are in Trendline (bullish),
Momentum is Ready for Bullish,
but keep your eye , we have NFP News,
Target 1 if Bullish :144.100
Target 2 if bullish : 145.800
dont forget to Follow,Like,Comment please !
Regards,
Alireza
USDJPY is very bullish. Its so bullish I believe that another 23.6% retracement is available. The daily retraced to the 23.6% Fibonacci. After an indecision candle, price formed a strong bullish engulfing. The 4H has given a strong signal that should grab our attention. A correction trendline has been broken with a lot of volume, the moving average is relatively...
Market came down nicely from PZ to BZ as per my trade plan given yesterday, rallied to PHOD and made another flush down, forming a bearish candle, but noticably, market is still supported by the BZ. The 139.6 level given yesterday is acting as good support. Overall the daily candle looks bearish but from the looks, my view is market could give another move for...
USJPY
Analyze
Generally the direction is downtrend because price trade under strong resistance zone 134.45 - 134.93
so as long as price trade under that zone the price will be under sell pressure and to be sure should price stable under 133.81 by 1H candle then will drop to 133.18 , 132.76 , 132.19
for any reasons if price can stable above 134.93 by 4H candle...
Price has made a few rejections from this resistance area of 145.000 already so I'm looking for a reaction to this area once again. If we see this push down first targets would be 141.970, if looking at taking this trade please remember the overall long term direction is still to the upside so it has every possibility to as long continue higher.. make sure you are...
Affter we reach an important trend line and resistance we can expect to see the price dropping till the next important support areas. We're still in a short term bearish movement
