As we see on this 3hr chart on here it is in a positive downtrend already and looks to be keeping steam moving forward my first TP is 106.896 after that I believe a retracement will begin to start wave for another short run!
Hi traders. USDJPY appears to have been forming a descending triangle on both the 4H and 1H time frames. Since market open today, it has broken out of the structure to the upside but since has now been pulling back. I believe this was a fakeout. Providing the green trend line is broken on the 30M or 1H time frame cleanly, it would then be time to short UJ to the...
Shorting USDJPY, I believe the price will go lower but we will just have to see what lays in store this week!
After a W we are inclining in what seems to be a break through the resistance into a bullish move. TP and SL set
Hi fellow traders. USDJPY over the past week has been in a strong uptrend. It appears it may be time to see a correction, slightly towards the downside. Awaiting testing of the red trend line drawn. Upon this, looking to open a short position and take profit at the 0.382 Fib level. Stops are tight in case this idea is invalidated. RSI (14 period) further...
I'm shorting USDJPY as i think uptrend is ending and we can see a strong resistance at 110
I see a nice rising wedge with bearish divergence (RSI) on the 1 hour timeframe. My short position is sitting at a break to the downside. This comes at a time of mass fear in the global economy, people are rushing to the USD but now they have announced "infinite QE" and a 2 trillion dollar stimulus package, how long do we think USD will stay as a safe haven? I...
- Short scalp retacement to TP around -11660 - Expecting price to reverse off trending resistance - Long reverse position around 11660
From the technical point of view this could be the final wave up with ending diagonal. Also by looking in the past when the stock is falling yen is very likely appreciate over the us dollar since yen is the safe heaven for the investor. We could see a potential drop in uj this week.
UJ should be a really sweet sell right now...
USDJP looks like it has reached the base of the short shown in my revious analysis, (see link below), I see a rise now, before a further fall