Near 109.821 is a good place to open buy with low risk I will open buy if the price will make a Pull back to key level. - Middle - term trend bullish - Price above key level
Entry - 109.75 Target - 108.19 Stop-loss - 110.53 Short position at the daily 30EMA (green line) and an area of previous S&R (light blue line). Following the 30EMA and 200MA crossover and breakdown at the end of December, USDJPY formed a bear flag. The potential problem here is that long monthly wick from the 104.7 level, but I'm looking for a retest of the 108.1...
I think UJ will continue up move. The best place to open buy will be near 109.068 - Price made absorption - Daily trend is bullish ( mostly price continue it)
UJ seems that is respecting the little trend line, but I think it will break soon. I am seeing a nice inverted head and shoulder pattern to continue long. We will be looking for long entries on monday on the right should which is also located in the 38.2% of Fibo. Let me know your comments about this pair.
I will open Sell if the price will make pullback to key sell zone 109.079 - 109.14 - Price broke down a key level - Daily candle close under it
UJ looking to be in a range. looking to take it up to the next high. This all of course could be pushed down due to the fed rate decision later on today
I will open Buy if there will be fake broke of buy zone 109.66 - 109.147 because the trend is still bullish, and it is the best idea to open entries after pullbacks.
Expecting to see a push up as price looks to create HH along the trend line
Price came back to key buy level 109.09 I set a buy limit near key buy level 109.09 - Middle -term trend bullish - Price close to mirror level - Risk/reward 1 to 4
Head and Shoulders on daily timeframe Potential C of ABC on weekly timeframe
Doubts about where the market will be heading the next few days? Here are my view on this. Don't pin me on it but I have spent quite a few hours/days/weeks/ if not months on UJ and UJ seasonality so I'm pretty confident. Nevertheless you never know if the USD raging bull got himself a new tool early for christmas and is capable of pushing over macroeconomic cycles...
Price is still bullish. I will open new buy entry if there will be a pullback to 109.19 Also, the currency rate can move up from the current position. After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.
Look for UJ to make a running flat. Looks like making a 1 hr flag. Daily showing more upside, but 4hr and 1hr showing sell. Considering the price action I would expect some overlap of 109.00 high.
I set a buy limit near a key level. - Price broke up a triangle and key level 109.087 - 1-hour candle close above it.
I think USD/JPY can move down because - Price made a fake broke of key level 109.087 - There wasn't any retest down after flesh crash - I will have a low risk if I will open sell near 109.00
I buy from h1 reversal candle The big picture is sideway, so be careful of this trade.