The dollar yen has confirmed the down move giving a us a bearish candle on the weekly chart. We think this week should end up red too before we enter a consolidation in November as the market awaits the next news trigger to form a direction.
We wait for a correction and enter a short. Our exit is near the top of the channel at 112.5
The USD/JPY continued its strong run last week, recording new daily gains on Friday in the US season. The pair remains poised for weekly advances of more than 1%. However, RSI is showing that the market holds onto an overbought zone that suggests caution to investors. So, we may see some profit-taking from this territory.
USD?JPY may reward if prices correct...
USDJPY 1D-TIMEFRAME ANALYSIS The elections idea
Hello ladies and gentlemen
This is my new idea for USDJPY of the upcoming movement
I think we are heading to big swings
But the important days for me are the day the winner is announced
Strong movement after the announcement
From there we will start the bull market
We reach the top at the end of the year
After this huge push to the upside we can start looking at a short positions for this pair
Price is currently at a weekly resistance level so I will be waiting for a break of structure before taking the short down to the highlighted area
After breaking above range's resistance and marking a new local high above 112, UsdJpy corrected and has confirmed the old resistance zone as support.
A new leg up followed and a new correction, just to mark a higher low and make 111.20 support.
At this moment the pair is trading just in short-term resistance given by last high and a break here can lead to...
Yesterday UsdJpy has reversed from the channel's resistance
With the stock market ready to fall again I expect the pair to drop to channel's base in the next weeks.
The bearish scenario is valid as long as UsdJpy is trading under 112 zone
For 2 months now, UsdJpy is trading in a range
I expect this to remain the case going forward and a drop from the resistance zone is what I'm looking for
Also, a sell close to 111 can have a great R:R if we target the bottom of the range
USDJPY SHORT. THIS CHART WILL BE AGREAT SHORT Intraday bias in USD/JPY will be downdtren at this point. Decisive will reach 3 touch and will confirm that correction from 111.65 has completed with three waves down to 108.71.
70% sure of green trend line and red trend line 70% possible. coming friday we have NFP which is very important but from the last meeting they r saying they will bring back economy and make the dollar stronger, fed is crazy nowadays people are suffering from interest rate. so its u all traders exit ur posistion before friday nfp.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY Showing Some Nice Selling Opportunity.... Counting On Trend Reversal or A Slight Pause With The Trend... SL>> Slightly Above Previous High In-case Trend Strength Pics Up & TP Indicated On The Chart ... Good Luck!!!