USDJPY Analysis: Price sold as expected is currently below support zone price 110.935 and underneath trend-line. We expecting price to test support line & bounce Once reached expect a sell Long-term daily timeframe
Confirmation is big part of trading and waiting for it - always look for at least 2 or 3 additional reasons why a trade is a buy or a sell.
We make mistakes and we take losses whats important is that we learn and take it forward.
Buy 110.95
Reasoning behind buying in this zone are daily swing low, April monthly low , daily 0.618, previous horizontal support... its has not been an all out dump from 112.4 with the bulls showing up at.0382 and 0.5
Target 111.65
Reasoning behind target is, if we bounce in the exact spot, the target will meet up with the 0.5 and double top on the 4 hour, also...
Possible short if breakout continue, be aware of fake out. Short possible after fibo 61.8 crossing and follow the price action. RSI is in bellow 50 and trend line break out makes short attractive. Another view of rejection resulting long entry.
Risk Involve. Good Luck..
Hi All , our team would like to share our idea on USD/JPY , we are expecting long position above 111.45 with target 111.7 .
Below 111.4 , looking for short with targets 111.2 ,111.15
Thank you P.S Brayzil Team
USDJPY has been travelling in an ascending channel ever since the large drop on all the fx pairs. At the moment , price is at the bottom of the channel and also the 0.618 retracement level of the previous wave upwards. ALL signs are indicating a move up to the TP which is -.027 extension level.
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower.
Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming...
Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower.
Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming...
