The dollar yen consolidated this week towards the upside. The 114 area proves to be an area of resistance where short sellers come in and the price it is at right now looks good for a short. We are targeting 111.166 to exit our trade.
Moving similar to GBPJPY I'm looking for a pull back then possible long trades for a continuation move higher.
Ill be looking for more rejection off current support of 112.700 for buy trades to atlest 113.500 and beyond.
Hey Traders, in the coming week we are monitoring USDJPY for a long term buying opportunity around 112.700 Zone respecting the bullish trend in combination with the weekly strong demand zone. Once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hello Traders , Welcome to this analysis, we are looking at the USDJPY , the 1-hour timeframe. My trading strategy is based on the simplicity . Please don't forget to FOLLOW , LIKE and COMMENT . If you like my analysis. Thank you and Good Luck!
By breaking the set level, the price will decrease by at least 30 pips
Ill be keeping my eyes on this one but it does look like we are breaking through a huge area of resistance and continuing on the bullish momentum. For now Ill wait and see if we can get a pull back and possible entry's for long trades around 114.250.
This chart looks indecisive, the bias is to the upside. If it is going down, there's going to be a long struggle where price trades sideways for an extended period of time. From an elliot wave perspective, looks like it is due for a wave 5. BULL CASE Price to break farther up from here, retest the top of the channel and find a higher high. This could be a...
There is no doubt that the overall trend for UsdJpy is strongly bullish and after reaching a recent high above 114, the pair corrected some of the gains. The spike under 113.30 support was short-lived and quickly reversed giving us a signal that bulls are here and are very strong Now UsdJpy is trading just under local resistance and a break looks imminent. Once we...
In this update we review the bullish sequence in the USDJPY now that it has met the minimumn requirements for a 4th wave low to develop
In this update we review the corrective cycle in the USDJPY and identify a high probability trade location to play for a wave 5 upside extension
Stopped out at break even on USDJPY and will be just watching this pair for atlest the start of the week. If price can reject that support at 113.500 I will be looking for buy trades but if price breaks that area ill be looking for continuation shorts... If price can breakout to the upside through that 114.500 area Ill be looking for continuation longs, but for...
As I said in my previous analysis regarding UsdJpy, I'm strongly bullish At this moment the correction from the recent top seems to be over and the pair is ready for a new leg up The confirmation comes once the flags resistance s break and we can see UsdJpy above 115 soon A drop under 113 invalidates this scenario
After reaching a new local high last week at 114.70, UsdJpy has started to correct. This correction should be over soon and a new high above 115 could follow. 113 should provide strong support and dips to that zone should be bought
Disclaimer:- Educational Analysis says USDJPY may go long According to my technicals. This is not an entry signal. I have no concern with your profit and loss from this analysis. Why Long? Because the 4 hr trendline(backline) is been respected twice and may test third time before going long or 15 min Consolidation of (Red Line) will break and go long. There are...
USDJPY Weekly Forex Analysis & Trading Idea for 4th - 8th October
The pair appears to have broken to the upside from the current corrective structure presenting us an opportunity to go long when the price retreats before the next move up begins, right now any dips look opportunities to go long, if this is the start of a new lag up or part of the larger corrective remains to be seen but we can target the July high's around 111.50...