USDJPY buy set up daily Entry from support trend line up to resistance trend line. Support has held up very well since March 2018. The market has respected the Support trend line with numerous touches allowing the market to reverse trend. As the market is reaching the end of the triangle, we're looking at UJ to push above levels 111.500
For this pair we can see a double bottom formation that just broke the neck and also the bearish TL. We are waiting to see the retest of the 38% fib /that is the same neckline) to confirm the reverse and buy
Hi guys, I am currently looking at USD/JPY which I would like to buy if it reaches the levels I have highlighted in my chart. I will put a BUY LIMIT and a target as shown. This trade is valid for the day. Trade with care! Best, Jesse
Hi All, So last week, this pair broke the upward channel , & now stuck at support area of 109 region , which seems to be holding . So for we start above that , this is what i anticipate . A bullish run to create a new high above the 112.000 region . I'm opening a buy on this pair based on what i see on my chart , Note we still under a risk off situation with...
Hi All , I will be looking at opening a buy from 110.395 with a target of 112-113-114. Sl at 109.960 I will be looking at a more aggressive entry from 110.420 Depending on price at region and trendline . Today The fed comments has impacted the price setup , But with fed meeting and forecast out the way . we should see some bullish momentum . I will be looking...
H4 Close above 113.25 expect , USD/JPY to touch 113.80 , 114.57 Level Stop Loss 112.50
usd jpy 2018-10-17 4h buy 112.25 stop loss 111.50 tp : 112.80 tp :113.20
usd jpy 4h buy 111.90 and 111.70 stop loss 111.45 tp : 112.30 tp :112.40
A break below 111.000 we will be looking for further downside and changing our bias. Using simple trendlines we are looking for further bullish pressure, 113.000 targets. Always the potential for risk aversion so will be watching carefully.
The chart shows a possible breakout on USD/JPY, clearly stated by the short volume the market has, and three levels of support being tested 3 times in the past. Just remembering, the more times a key level has been tested in the past, the more accurate it can be. Price has also reached a Swing Low, which shows more evidence of a future strong and definitive...
I think over the coming days we will see USD/JPY carry on pushing higher. As you can see by the chart it is at the top of trend regression and so we should see a small dip as the RSI calms down. The ADX is continuing to show a strong trend and we are just coming out the back of a tea cup pattern. You can see the technical analysis is also pointing towards a Strong...