Looking at the bigger picture on USDJPY, I am expecting to see a rally over the coming months which should see price reach 118 comfortably and possibly as high as 120. From that point I will be waiting for a reversal to confirm where there will be a significant move to the downside being the second impulse after the correction is complete.
UDSJPY to continue to fall to 107.800. Possibly touch my trend line, thereafter strong confirmation for a Bullish movement. Bullish movement may start from the near zone but very unlikely. Key: Black trend line: Monthly Blue trend line: Weekly Orange trend line: Daily Comment bellow what you think! :)
1st green zone is our first target, with the amount of bearish pressure currently behind this pairing we are expecting price to drop into this very quickly. Now this is a level of previous strong support so if this is respected we could see a good bounce up and a bullish run, but if this price is broke we could see price reach our 2nd target zone very quickly and...
This pattern implies that the USD could lose substantial ground to the Yen. This could become a BIG trade.
Conclusion for today’s USD JPY technical analysis: The USD JPY remains range bound and a bearish bias is favored with price returning to the lower boundary at 104.647. USDJPY analysis for today is carried out on the 6 hour timeframe using a candlestick chart. Attention is paid mainly to the current chart patterns and their likely implications for further price...
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USD/JPY Short Idea (5/29/19) 1HR Chart - Looking at a double top off of the 200 EMA and a disturbance level - DXY is looking like its going to be bearish so then UJ should also follow - Looking for price to come down to 109.140
The cloud is changing from a bullish cloud to a bearish. This is our first indication of a change in trend, the USDJPY is below the 200 moving average, and we should not forget that this currency is strongly influenced by the sentiment of the indexes and at the moment all the important indices are downwards. Take profit: 108
USDJPY DAILY CHART: - RSI < 50 --> Bears in control - SYMMETRICAL TRIANGLE SELL PLAN: 40%, WAIT FOR PULL BACK NEAR 112? BUY PLAN: 60% RISK: - MEDIUM, PRICE IS IN SYMMETRICAL RANGE 110.00-112.00 - TRADE WAR US VS. CHINA
USDJPY Analysis: Price is currently below support zone price 109.862 and underneath trend-line expect price to head towards support zone 110.131 Long-term daily timeframe
USDJPY is approaching a SUPPORT AREA from where it can BOUNCE HIGHER. The first SUPPORT is at 109 area and the second SUPPORT lies slightly lower at 108.50. So, depending on BULLISH PRICE ACTION, Traders can look for BUYs at 108.50-109.10 with SL below 108.40. TPs can be set at 110.10 and 111 respectively. A lot depends on the current RISK SENTIMENT in the...
Buy near 110.24 - Short - term trend is up - Price made a pullback - Goal 110.80
USDJPY - BEARISH Now?? - If so, TP - 108.1
USDJPY has been travelling in a (BLUE) descending channel and has also been following and testing a (BLACK) descending trend line multiple times inside of the channel. Price on the daily chart made a sharp move upwards yesterday breaking above the previous resistance zone (now support) and also the black trend line. Depending on the closure of today's candle we...
So as you can see from my TA i am expecting USD/JPY to rise from here, i have been keeping a close eye on this pair over the last week and my overall outlook has been long and that is staying the same unit i have confirmation otherwise, the pair currently seems to be testing 23.60 fib which is also a key area of support based on price action analysis, it is also...
looks like the bearish move is starting. Watch out an dont miss it Please share your thoughts and views on my analysis and don't forget to like it and share with others.