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After hitting our targets absoluty perfectly last trade we can now see a turn around. I expect we will be back at the Resistance level of 113.650 by Friday. Entry: 112.300 (I already entered) TP1: 112.600 TP2: 113.175 TP3: 113.650 Goodluck!
USDJPY / TECHNICAL CHART ( CRAB PATTERN )
in Week chart :hhttps://www.tradingview.com/x/yd92klzg/ in Daily chart:
After hitting the Resistance level of 113,650 a few times without a good breakout we could see a drop to the first Support level of 113,200. If that level won't hold we could see a further drop to around 112,600. Our last target is 112,275. Entry: 113,625 TP1: 113,200 TP2: 112,600 TP3: 112,275 Goodluck and follow me for more analysis!
Breakout is due very soon! Lower trendline is more powerful indicating we may see a bullish breakout. Wait for confirmation before pulling the trigger.
Is USDJPY diving back down to 112.600 area to grab some liquidity, only to return back North again/ Looking left at the chart on a 4hr this can be seen many times. Busy day today & tomorrow fundamental wise, let's see if this 112.600 holds, could be a possibility of a break down to 112.450 for a stop hunt before positive news takes affect...
The next few hours are very important for USD/JPY. We could either see a retest of the Resistance level of 113.200, or we could see a retest of the Support level 112.650. I'm currently not trading this pair, I'm waiting for a move to the Support or Resistance level. Goodluck trading and follow me for more analysis!
USDJPY broke out quite sharply yesterday at FOMC, expecting the market to continue downside move towards prior lows, short term momentum well lined up, so worth to play shorts today. Trade Safe, Thanks for your support.
Definately ov erbought at this point. Price has been rejected. Take profit 1 was drawn from the golden ratio of the previous rise and i believe its going to fall back to it. As of the other take profit stops I believe it will be a aprt of a formation of a double top... a big swing. Thoughts?
USDJPY been a nice mover from past few sessions, price action is struggling at the moment, momentum is weakening across short term time frames as well, so i am looking for short setups here, not expecting much pips but still there is scope for 30-40 pips. Trade Safe! Thanks for your support.
Pair: USDJPY Prediction: SELL 113.500
USDJPY HAS RECENTLY TESTED AN AREA WHERE PRICE TESTED MULTIPLE TIMES IN 2017. I HAVE TWO BIAS ON THIS PAIR. PRICE IS IN AN UPTREND ON THE DAILY TIME FRAME. EITHER PRICE WILL CONTINUE UP TO MY FIBONACCI TARGET AT THE -27% OR PRICE WILL BREAK THE UPWARD CHANNEL, RETEST IT, AND THEN CONTINUE DOWN TO PREVIOUS SUPPORT. WATCH MY VIDEO ANALYSIS ON THIS PAIR YOUTUBE: youtu.be
TARGET: 50 PIPS TP1: 114.16, TP2: 114.301 SL: 113.472
We are in uncharted territory now but if we break 111.640 successfully, I will place a short position. IF we break above 113.136 we might face a short term bullish trend which I will NOT trade.
USDJPY is headed down, BUT the long-term analysis of the monthly chart is not bearish. The current US President (President Trump) will do everything he can to boost the economy (or the market sentiment) as the upcoming political debates take place. Perceived improvements in the US economy will send the USDJPY up over the next few months, however CURRENTLY there is...
Expecting another leg lower on this market, since price action is struggling at this area, momentum is weakening across bigger time frames as well, looking for shorts if you have your trading strategy. Trade Safe.