Salam and hi my name is Khalid Hamid. USD Index is showing a reversal, thus USD pairs might go down too (including USDJPY).
Early sign is there but still need to wait for a STRONG BREAKOUT signal to the downside.
Watch the video to understand. ;-)
Tomorrow is NFP and few other high impact data release so please be careful with your trades.
Good luck and...
USDJPY: BULLISH TP - 113.000 - INTRA 300 PIP MOVE #Forex #FxProNow
UJ still has a clean bullish Uptrend
Price Must Not Pass - 110.8
To keep Its Trend on the Lower TF
If it does then I see price
pushing to 50% retracement.
Then continue its way to Push to 113.000 @ -27%
USDJPY - BEARISH - Intraday Pullback to $109.8 - 100 Pips #Forex
On the H4 TF from Point A - $113.6 to Point B $106.8
We are now at 61.8% and see resistance. (111.000)
I am looking for that resistance to be held for now and for price to have a small retrace for the H1 TF seen clearly on the H4 TF.
Pulling out my fibs on the H4 TF from the last HL to the HH and...
USDJPY - BULLISH - SWING TO 114 #Forex #FxProNow
We obviously see that the last major push to the downside was just a retrace.
So with the consistent uptrend, I will keep it as so... Going with it...
114 is my TP the level of resistance!
USDJPY - Up or Down? Nothing Clear yet for Higher TF #Forex
I am still unsure whether this is supposed to be a retracement of the broken structure on the Daily or a continuation of trend...
After this area is broken... Support or Resistance is when I will make my decision and stick with that one through the trend.