Inverse Shoulder Head Shoulder Pattern. The goals are indicated on the chart.
USDJPY BULLISH SETUP Hi Guys, the USDJPY is in a corrective structure, this is one possible way it could develop next week. I will watch it as it develops and updates the possible trade setups, short-term, and medium term. Thank you for your support.
USDJPY Bearish Gartley Crab Pattern! Potential for reversal......
Head And Shoulders If you have different analysis please share with us at comment part, please Sell at Break and Close, Below the Neck Line
Price is currently playing at resistance, and a possible double tops is forming.
USDJPY is almost testing its resistance area with narrow range price action, momentum is weakening across the board, i am expecting a dead cat bounce to at least test the top of the bullish channel, thereafter i am expecting fresh falls. Watch this market closely. Trade Safe!
Short positions from this wide range looks better because of strong sell volumes from top
Price stopped at a minor level near 111.100 we could see a drop to 110.700 where price with bounces from or breaks below if so id near a clear break to 110.600 in order to take short positions. if not price could bounce from 110.700 and rally up between 111.1-111.500
Price stopped at a minor level near 111.100 we could see a drop to 110.700 where price with bounces from or breaks below if so id near a clear break to 110.600 in order to take short positions. if not price could bounce from 110.700 and rally up between 111.1-111.500.
USD/JPY has broken all of its ema's on the 4 hour chart and is finding support on top of them. We can expect the first TP for this continuation pattern to be at 111.95. On the long term, if USD/JPY holds strong, we can expect it to hit back the 113 level.
Marked in yellow are the supply and demand zones for USD/JPY. They will act as price reversal zones for future price movements.
USDJPY have been trading in multi days bullish channel with succession of tops and lows, i see scope for further upside, as momentum still support the upside potential. Watch for a strategic entry around trend line while stop at green line, target 112.62.
Suppose, that correction phase on USDJPY currency pair, is over. Currently predict, uptrend tendency, but if the price breakthrough the invalidation 110.271 all the possibility of uptrend will cancel. Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, trader Igor.