I will list the factors that might lead to a BIG SELL on UJ soon.
1)Looking left, you can see that price broke out VERY STRONGLY from the symmetric triangular formation(light purple triangle.) This is a BEARISH SET-UP.
2) The Trend Line Resistance(Royal Blue line) has capped the upside since October'18. And this week as well, it has managed to stop the upside....
I have SL at last sell order on USDJPY. But price going so slowly up that i still waiting for fast sell movement.
Lets try make sell order from 109.91 to 108.50 TP and SL=110.17 RRR - 5.3.
Write in comments your opinion about this position on USDJPY.
I see that all USD pairs in medium term - are in downtrend.
But on NFP - USDJPY make good movement highly. Why? New buytrend? Or collected stops and went down? I think that way.
So i find sell position with SellLimit on 109.59. SL-109.83 TP-108.47 RRR - 4.53
Good or not? It really risky position. But interesting RRR. So lets try it :) I wish good...
Check my previous analysis on UJ in which I recommended short entries at the retest of a resistance area.
Also, to trade the breakout of the trendline.
If you are not in this trade, be patient for a pullback should give you an entry opportunity within the range i illustrate in orange.
Hold this position toward the end of the year.
Best luck! Follow my...
On the 4hr chart USDJPY abearish butterfly has formed. The D leg had along stretch, this is agood opportunity to short this pair. Look for bearish evidence before trading, use proper money management. Cheers fam
I'm not sure whether USDJPY will be kind enough to give us this entry chance around 108.5's, but if we get that chance, on bearish confirmation initiate shorts in USDJPY and ride all the way down to 107's zone by trailing ur stops carefully.
As whole world knows this there may be occasional spikes to upside to hunt stops, so trialing stops plays the vital...
Check on Daily timeframe in Usdjpy, what we have got ? Bearish gartley one of the harmonic patterns which has good success ratio,so will it work in this pair ? We may need to wait for sometime to find the answer. We have another prev. resistance around 110's zone and Usdjpy hit the same area n completed the pattern, so according to this trade setup we...
Usdjpy Trading around 106.4 After touching 101.2 on usa Election.
where Strong Resistance above 107 if hold below this level we can see 104-104.5 before new high
So advice sell usdjpy in range of 106.35-107 sl above 107.6 Tp1 104.2 Tp2 102.5
BOJ dept Gov Iwata was the most recent in what seems to be a slew of attempts by JPY officials, whether it be Govt or BOJ to try and weaken the Yen with yet again more dovish/ promising rhetoric. Statements such as "prepared to loosen policy further without hesitation" where in my mind no doubt undermined by the BOJ's seemingly blind assesment of future...
BOJ - 3trn increase in annual ETF Purchases + $24bn increase in USD funding for banks
1. The BOJ on Friday delivered a shockingly poor package, imo they changed the snallest part of their current QQE programme.
2. What was interesting though was the markets reaction - immediately after the decision $Yen spiked higher then lower to 103 level but from then and...
28/29th June BOJ Meeting Expectations by 27 analysts polled by Reuters:
1. 23/27 (85%) expect easing from the BOJ.
- The Median Analyst expect a 10bps cut to the headline interest rate to -0.2% and a Yen10TRN Extenstion to the BOJ's monetary base target to Yen90TRN a month (JGB and ETF Purchases).
- One analyst expects easing in September, two in October and...