Wait for price to close below 114.00.Price rejected 118.600 twice , SL at 114.422 last resistance tp at 111.940 next area of support.
WAVE 2 DONE NEXT TARGET BETWEEN 121 TO 122 STOP BY BREAK 112 AREA
Hey traders, another week of trading is starting and i want to share with you one of my analysis. Here on USDJPY on the daily timeframe we can see we couldn't get through the 118,50 level. Price tested it once, twice and then broke structure to the downside, giving us reason to believe it may head lower in the ensuing days. You can see there's also RSI...
Market analysis: The pair has now broken the minor resistance zone. Now we can expect a minor retest to the previous broken support level. Once if the support level holds on we can expect a uptrend to the next possible resistance level. So lets wait and see what the market does in the coming days, Cheers!
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (all 21 Major Cross-Rates) of 1st week 2017 @ my GOOGLE Drive drive.google.com Best regards :) Aaron
MARKET ANALYSIS: The pair is now trading after a fib 50% retracement level. Once the market breaks the resistance level near 118.00 we can expect a new high to the next possible resistance at the 120.30 level. So lets wait and see if the market could break the resistance and head north. Cheers!
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Morning traders usdjpy tested pivotal level of 100 and also probed the multi year trend support after Brexit in June this year. Since then it has been undergoing a steady up move and it has also met the projected target for a double bottom formation. This pair is now closing in on a multi month descending trend near 119.50 which also happens to be the 76.4%...
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
After a while not checking the charts, this is my view on this pair
Above 114 USDJPY is bullish once again !!! 114.87 USDJPY 1st support line - even buying option 114.77 USDJPY 2nd support line - even buying option 114.06 USDJPY 3rd support line - even buying option I am excepting a exhaling at the beginning of next week - after this cross-rates run away today :) I excepted an outbreak at weekstart on next trading day -...
Morning traders, OPEC's "agreement" caused a lot of noise in markets yesterday, including testing our limits on the usdjpy shorts to 114.70 close to SL. Previous usdjpy longs hit the 114.70 target, as for the covering shorts we leave running for targets as they are now backed up with this bearish white swan pattern on the daily. Wishing all the best to you...
Morning traders, the pair has broken out of the recent Trump bubble, short term the pair is likely to head lower toward the target levels; 110.9 110.2 and 109.75 wider stops recommended.. if we punch through the above, then a test of 107.90 is on the cards. Please see related ideas to notice that i called the 110 move back in August :) Your likes and...
USDJPY Short Entry @ 112.950 TP 111.000 (LONG TERM TP 108.130)
USD/JPY was very bullish over the past 2 weeks. We are still bullish for this pair too. Nedd to monitor closely. If the price breaks the resistance zone strongly, wait for pullback and long for this pair :) Risk to Reward Ratio is 1:2 Trade with right risk management :)