USD/JPY Outlook Resistance Level Target: 114.46 Support Levels: 110. 520, 110.107, 108.913, 108.157 Target Entry (Long): 108.913 to 108.157 (check for price signalling of reversal before entry) Target Entry (Take Profit): 114.46 There appears to be a horizontal channel which has formed from March 2017 up until now between 114.464 and 108.156. The price...
USDJPY we are probably near an end of the bullish retracement, stochastic is overbought and Heiken Ashi candles are showing wickness i'm expecting a bearish move soon. Trade with care ;)
I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade. For the past days, I've also been obsessed with Yen pairs along with Loonie pairs... especially CADJPY! I currently have 4 long on the Forex pair because of the formation of inverse...
Consolidation forming beetwen the 0.50 and 0.618 Fibonacci, i will wait a break of one of the resistance, feel free to take ideas but as always be carefully and trade with your own mind ;)
Usdjpy is poised to relieve the buying pressure short term, and with the double top I wouldn't remove a complete reversal off the table. We have a potential Cypher pattern completion @ 113.322. We also have a potential Bat pattern completion @ 113.551. Let's see how this plays out through the week.
as we can see if price can reach to the top of the channel and complete the ABCD pattern, it will touch the midline of pitchfork too, so we have a very strong resistance there and we can set our short pending orders there.
With the completion of an inverted H&S formation on the daily and weekly time frames, we have the opportunity here to long the USDJPY for circa 500pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits....
According to the US index reverse pattern, we're waiting the continue of uptrend tendency of USDJPY currency pair. Nearest target - 116.000. So!?!? Let's see...)))
USDJPY has been trading in a very tight range (like XAUUSD, which are always going opposite ways btw). UJ couldn't break through that 0.618 which is also a weekly resistance for this pair making this short a very good one RR trade. I will be shorting this pair from here and I'm looking for a retest of the bottom of the descending bearish channel. Trade safe!
BUYING USDJPY PRICE ENTRY IN BETWEEN THE PURPLE LINES. TP 1 ,TP2 given as labelled. SL 40 pips away from price entry
This is a test setup of my own for the USDJPY , not something I would recommend anyone entering a trade on without doing your own analysis. On the short I have a target of around 88pips and on the long I have a target of around 220pips. We've had a bullish crossover of Moving Averages on the 30Min chart and on the 1H I can see that price is respecting to stay...
USDJPY to break neckline (support) and drop to 108.5
Buy above 110.25. Stop loss at 110.03. Take profit at 111.15. Reason for the trading strategy (technically): Price has shot down and reached our profit target perfectly. We prepare to buy above major support at 110.25 (Fibonacci extension, horizontal swing low support) for a push up to at least 111.15 resistance (Fibonacci retracement, horizontal overlap...
Several Yen pairs have formed inside bars which may suggest a reversal of the trend. However, some are already on the decline like my previous trade analysis: EURJPY. With the 200sma few pips ahead, another ascending trend line for the pair is on play. What's more wonderful is that the trend line and the 200sma are overlapping which may suggest that this pair...
We are Bullish on this pair based on ; 1) Bullish signal generated by our indicator 2) Major trend line broken 3) We are in the retesting phase 4) Bullish Flag on 4hr TF
USD momentum virtually gone as we approach the major resistance level area (D leg). A sell off would be appropriate in this market, Atleast into the FOMC Meeting next month. Will update when developments occur. #FFT