This is a long trade which we are going to trade on the other hand there is a ascending channel the the USD/JPY just broke on the chart giving signals or selling but with this we will stick with long Technically, however, the Yen appears to have something of an advantage now. USD/JPY has slipped quite dramatically below the strong, newish uptrend channel that...
Sugar 2 days ago hit bottom. This was a good opportunity to take it long. Entry: $10.07 (23/08) Exit: $10.31(24/08) Return: 2.3%
Trading System on USDJPY Buy on 5th of June 2018 Technical Breakout on USDJPY. EP(Asia Market):109.83 SL:109.53 TP1:110.13 TP2:110.43 if the level of the price at the 109.65, we could close the above trade position. SYSTEM: Breakout Trading Trade Management: BE on 25 pips Trailing on 25 pips
www.tradingview.com Time to set the position in the pair USD / JPY -0.09% came. I recommend that you start buying US dollar against the yen. While carefully, you need technical confirmation or easy panic, which will send JPY to level 104-105. The widespread avoidance of risk has provoked large players to liquidate part of their positions in stock assets, and...
OANDA:USDJPY Short Term Trade Idea for USDJPY Play a long towards 109.37 (1st target), even 109.82 (2nd target). Stop loss at 108.400 RSI indicator also holding above 40% support level. Alternatively , if price breaks below 108.400, there presents an opportunity to short towards 107.75 (alternative target). 107.75 also happens to correspond to a key Fibo level.
USD/JPY in a critical area ... Potential rejection from the descending trendline to new lower lows ?
The sharp retreat from the high of 110.34 on the back of weak US retail sales and inflation data has kept intact the falling tops formation on the daily chart. An end of the day close below 109.11 (June 7 low) would open up upside towards 108.13. On the higher side, only a daily close above 110.34 would revive short-term bullish view
nice pullback from 61.8 fib and the channel.
On the above hourly chart, the RSI has confirmed a bullish price RSI divergence. The spot currently trades below 0/8 Murrey Line (oversold line). Thus, a recovery to 109.76 (1-hr 50-MA + Murrey Line) looks likely. A break higher would expose 110.00-110.20 levels. The descending trend line has been breached as well.
Rejection at the sliding trend line resistance followed by a sell-off on the weak US payrolls data suggests the sell-off from the recent high of 114.36 has resumed. However, bears are still advised to wait for a daily close below 200-DMA before hitting the pair with fresh offers. the 200-DMA (sloping upwards) is seen at 110.14.
The intraday outlook remains bearish so long as the pair remains below 114.37. Note the bearish price RSI divergence and the breach of the rising trend line. The spot looks likely to drop to 113.00 levels.
STRONG DAILY RESISTENCE
USD/JPY remains well bid in early US session as investors focus on the uptick in the core PCE and employment cost index. The daily RSI has breached the descending trend line. Looks like the currency pair would take out the 50-DMA level of 111.75 and move higher to 112.60 (Jan low).
A close above the trend line hurdle seen around 110.45 would signal the a short-term low has been made at 108.13 and would open doors for a sustained rise to 111.60-112.00 levels. On the contrary, rejection at trend line hurdle followed by a break below today's low of 109.59 would open doors for re-test of 108.13.
A bullish break from the inverse head and shoulders pattern would add credence to the repeated rebound from 108.30 area and open doors for a 'slow' rise to 109.20-109.50 levels. On the lower side, only a daily close below 108.00 would signal continuation of the larger downtrend from the 118.66 levels.
Price is currently sitting on a major support in the 110.230 area. If it breaks through and closes below, expect s continued downside trend. It may also bounce back off of the 110.230 support and climb its way back up to the 112.000 resistance area
Hello Traders, today we would like to share with you the USDJPY as it seems that it may push lower. After the market pulled higher and held resistance around 112.00 as it turned south again. On its way to the downside, it might have created an S-H-S formation with a break of the trendline which may indicate lower prices. This may be first clues that a lower...
Pair appears on track to take out 110.00 levels. Such a move would trigger stops, leading to a quick fire drop to anywhere between 109.72 (monthly classic pivot support 2) and 109.40. But, beware the spot could make a quickly retake 110.00 handle as the daily RSI is oversold for the first time since July 2016. The ADX line has bottomed out and is pointing...