usdjpy breakout his 2 week range so his bullish signal
now to say enter long now?
i will say wait a pullback mauy around 111.90-112.00,technically chart will say on old range around 111.15 ..i let you choose and see how the market doing the pullback strongly or slowly then you can have a feeling to choose your entry point
then enter long or reach the downtrenline ...
Buy above 111.71. Stop loss at 110.97. Take profit at 113.41.
Reason for the trading strategy (technically):
Price has continued to rise strongly and we look to buy on dips above 111.71 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.41 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high ...
Will I buy? Maybe, but not at current levels (112.22).
First off, we haven’t had a retest of 111.90 as new support. Second, the 10 and 20 EMAs are lagging below today’s price by 160 pips. That leads me to believe that a pullback or at least some sideways consolidation is likely over the coming sessions.
Even if we do get a retest, I won’t act right away. ...
Buy above 111.71. Stop loss at 110.97. Take profit at 113.41.
Reason for the trading strategy (technically):
Price has continued to rise strongly and we look to buy on dips above 111.71 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.41 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high ...
Buy above 108.04. Stop loss at 107.81. Take profit at 109.38.
Reason for the trading strategy (technically):
Price has started to bounce up nicely from our major support level at 108.04 (Fibonacci extension, horizontal swing low support, channel support). We expect a strong bounce from this level to push price up to at least 109.38 resistance (Fibonacci ...
Pending Short @ 112.80
Stop Loss @ 114.80
Target @ 105.50
RR Ratio @ 3.65
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Sell below 110.90. Stop loss at 111.84. Take profit at 108.52.
Reason for the trading strategy (technically):
Price continues to test our resistance area which is our selling area. We remain bearish below major resistance at 110.90 (Fibonacci retracement, multiple horizontal swing high resistance) and we expect a strong reaction from this level to push price down ...
Trying out some basic pivot structure on USDJPY.
Of course I'd like bullish momentum to continue since being long since 108, but this last high wick test of 111 seems to be a rejection.
we shall see how this plays out soon.
** North Korea is back to threating people again also so investors may pull out of USD and run to YEN for safety
Sell below 110.90. Stop loss at 111.84. Take profit at 108.52.
Reason for the trading strategy (technically):
Price continues to rise as we approach major resistance at 110.90 (Fibonacci retracement, multiple horizontal swing high resistance) and we expect a strong reaction from this level to push price down to 108.52 support (Fibonacci retracement, horizontal ...
MARKET ANALYSIS: The pair has been trading inside a symmetrical triangle pattern. Now the market is inside a consolidation range. Once if the support breaks and resistance holds on. We can have a huge bear market to the support of the triangle support. So lets wait and see what the market does in the coming days. Cheers!
Morning outlook - USD/JPY fails to break above 111.26 two times
In line with expectations, until a release of data on the US Retail Sales the currency pair spent in an upward movement. In the process, it made two attempts to break above the monthly R1 at 111.26 but both of them failed.
Due to pressure from the approaching 55- and 100-hour SMAs as well as ...
Sell below 110.90. Stop loss at 111.84. Take profit at 108.52.
Reason for the trading strategy (technically):
Price has risen to our selling area as expected. We remain bearish below major resistance at 110.90 (Fibonacci retracement, multiple horizontal swing high resistance) and we expect a strong reaction from this level to push price down to 108.52 support ...
Pending Short @ 111.00
Stop Loss @ 111.70
Target @ 108.00
RR Ratio @ 4.29
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Morning outlook - USD/JPY confidently moves to north
In result of the yesterday’s advance, the currency exchange rate managed to cross practically all barriers on its way.
As a result, the only two obstacles that could prevent the further path to the north, except for the upper trend-line of a former descending channel near 110.42, are the weekly R2 at 110.98 ...
