Price struggled around the area of 107.00 where it found strong support exactly at 0.50 Fibonacci retracement level. After that, we expect re-high of the price as it changed the trend from bearish to bullish.
USD/JPY looks bullish after daily close above the key level. We should see a further upward movement.
There is a very strong support line at $ 104.6 as you can see in the graph above. Mini resistance at $ 109.6 The USDJPY is still accompanied by a green Ichimoku cloud which is a bullish sign but the candles are not yet above the cloud which is the ideal in a buy signal. According to the Stochastic USDJPY in Oversold, this is the ideal time to buy. RSI is in a very...
USDJPY The long term downtrend was broken in September 2019..The major upside resistance is 109.500. And this pair trading in a range and will fall towards 107.450. From this level we can open long positions and potential take profit will be 110.500. Stop lose may placed at 106.500 level.
Bullish trend. As you can see in the above graph, the previous two times that usdjpy touched the 200 trend line the response was a nice increase. We believe usdjpy is on the way to test resistance at 109.40 in the weekly graph. Target: 109.40
Next up we have USD/JPY after the recent flash crash I feel like we should let the market chill out a bit and sit on our hands. I personally feel a 109 retest is coming soon and we can capitalize on a potential bounce or break set up. If we break the descending trend line 110 will be met rather quickly. If we bounce off the descending trend line my next downside...
Buy market USDJPY at 107.30 Stop around 106 lvls - to be confirmed soon Take profit target 1) 108.40 target 2) 110.80
USDJPY testing its new support leved, Get ready for Breakout
Hi fellow traders, USD/JPY looks good to go long; the technical level @ 107.7xx if would be broken up, then there is more spcae for USD/JPY to move up. Take your look at the depicted chart for more info. Trade well! makkaba team
A simple look at the daily chart shows a trend line that can be drawn from the previous lows and touches the current low in the Yen. It is a make or break level which if held could set up for a move back to the 1.10 level and possibly above. If the level does not hold then another strong push can be expected which would reach down toward the 1.05 level. It's...
Quick buy on USDJPY using the Elliott Wave Theory in the 1 hour time frame
Morning outlook - USD/JPY surges amid US fundamentals In line with expectations, the currency rate reached and made a successful rebound from the bottom trend-line of a senior ascending channel. Fortunately for the buck, this technical moment matched with release of information on the US non-manufacturing activity. However, the surge did not last for long, as...
Morning outlook - USD/JPY falls as North Korean crisis escalates In result of a new ballistic missile test conducted by North Korea, the American Dollar lost 0.57% against the Japanese Yen just in two hours. Accordingly, in the first half of Tuesday the buck is expected to try to recover some of the lost value. However, even if it succeeds to break...
Using Top Down analysis I can see that UJ is at Heavy Support, The W Pattern is forming on H4 and Higher Timeframes. Also there was a break of structure previously to the upside with multiple retests. Ideal entry would be 108.902 Targets are on the Chart SL Below 108.500. My Bias is bullish On this pair. Waiting for a pullback to First entry or a Lower high for a...