UJ is presently still bullish, price has broken the trendline and presently getting rejected at the current resistance level. If price breaks above the resistance i will look for a buy entry.
What is your bias?
Trade Proposal:
There is a probability of first tp to the proposed ( 114.400 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: USDJPY Waiting for the Range Bound and the beginning of the Ascension Trend.
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 108.00
...
The US dollar is moving higher against the Japanese yen currency after bearish momentum faded below the pivotal 106.90 support level. If USDJPY bulls can maintain price above the 107.45 level the pair could advance towards at least the 108.00 technical region. Overall, the resumption of Sino-US trade talks later today is likely to decide the overall direction of...
Here on the USDJPY pair I have found a bullish harmonic pattern . Harmonic patterns are the most advanced patterns to emerge in the market and are highly accurate when applied correctly. Take a look at my detailed analysis and if you have any questions comment below. Happy trading and be sure to protect your risk.
Hi traders.
USDJPY is currently forming a strong long, its very expected to stay short for the next 3 or 7 hours at the moment, which can make us profit between 200 pips. because thats what I aim for. I care about pips, not profits as most traders do. Its what brings me money in long term.
I will be updating this chart as time goes by. It'll surely be a good...
