Pivot: 106.65 Most Likely Scenario: short positions below 106.65 with targets @ 105.75 & 105.50 in extension. Alternative scenario: above 106.65 look for further upside with 107.20 & 107.45 as targets. Comment: the RSI shows downside momentum.
Pivot: 106.65 Most Likely Scenario: long positions above 106.65 with targets @ 107.45 & 107.90 in extension. Alternative scenario: below 106.65 look for further downside with 106.35 & 106.00 as targets. Comment: the RSI is bullish and calls for further upside.
If USDJPY break though 150% level of fibo i believe it will drop untill 107.20-107.50 this zone . if price hit this zone i will consider to buy USDJPY. currently i think USDJPY should keep going down .
USDJPY week ended above the 110.00 level as most the Fed members expect a hike in the very soon future.
An update to an earlier published idea, the market moved like i thought, if you got in your good on this for maybe another day
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
ANALYSIS It is meet at the resistant line 3 times. RSI divergence, so i think it will move down. From E Wave, it will form the impulse wave 1-2-3-4-5 done.
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
During this week, as can be seen on the H4, the USD/JPY has narrowed its range of movement, remaining in between two converging trend-lines; a triangle pattern. In particular, a downtrend breakout due to data that is received negatively by the market, could bring USD/JPY to continue a retracement commenced a week ago after reaching a peak. The objectives, in...
1D: Active trade. Sell @ 109.563 SL=110.75, TP=106.48 A close above 110.62 would invalidate this trade and could indicate a buy. Close above 112 would definitely indicate a bull bias. FYI - lower charts (4h or lower) still have ST trend up. More conservative entry would be to wait till break of 109.30 and confirmation of move down. There is a...
NO ACTIVE TRADE AT THIS TIME Observations 1W: 1W Observations: Volume building. Some consolidation patterns. RSI just beginning to show some bullish divergence. Strong bounced off strong support. 1D: 1D Observations: RSI bullish divergence forming. Still in down trend. Hitting resistance. ANALYSIS: I believe USDJPY will retest 105.65...
USDJPY broke a 4 month trendline, am expecting upside movement.
I expect to he do the same movement again.Volumes falling steadily.Bears powers are decreasing. Safe trade:)
Thakns to uor amazing technical analysis we could affermate USDJPY LONG. Our pattern shows the price will reach is 112.000 in the next 3 months. we are long at 106.000 STAY TUNED
There is no better time to buy US Dollar but NOW! - The might Dollar fall big time : 1.05 The loonie fall just below 70 cents (U.S.) in January and as of the beginning of May was right around the 79 - 80-cent mark. 98% Dollar could easily move higher starting this week, and 2% it could fall. Forecasting currency moves are even harder to predict than the stock...
One of 3 things could happen this week. I am waiting to see how the next few candles print, but it looks like it will be a great trade for the middle of the week. It could bounce off the trendline and continue up on the purple line, or it could smash all my hopes and dreams with the green line. The most likely path it will take is some sideways/downward...