USDJPY - BEARISH - Intraday Pullback to $109.8 - 100 Pips #Forex On the H4 TF from Point A - $113.6 to Point B $106.8 We are now at 61.8% and see resistance. (111.000) I am looking for that resistance to be held for now and for price to have a small retrace for the H1 TF seen clearly on the H4 TF. Pulling out my fibs on the H4 TF from the last HL to the HH...
USDJPY - BULLISH - SWING TO 114 #Forex #FxProNow We obviously see that the last major push to the downside was just a retrace. So with the consistent uptrend, I will keep it as so... Going with it... 114 is my TP the level of resistance!
USDJPY - BULLISH - SWING TO 114 #Forex #FxProNow We obviously see that the last major push to the downside was just a retrace. So with the consistent uptrend, I will keep it as so... Going with it... 114 is my TP the level of resistance!
Hi Traders, The USDJPY reversed from a key support level that lined up with a daily ascending trendline then broke out of a resistance level. . The impulsive breakout labeled wave (i) blue is most likely to be part of wave 3 of larger degree. . Currently, the price seems to be building wave (ii) of 3, and it has the potential to move up towards wave (iii) target...
See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
USDJPY Broke above the psychological and structural level 110 and we could now look to the next dip. Best would be if the correction happen back to that 110 to try and find bullish evidence at that area to buy at.
Long trade set-up USDJPY today. Bulls dominating with good momentum and looking for a move up to complete an Elliot w5 perhaps. There's ample space for a nice rally to T1 if this momentum continues. Not financial advice.
=> After completing the ABCDE triangle formation we widely expected with the flash crash we are almost ready to turn down once more. Markets have retraced almost 61.8% of the leg and here expecting 110 to cap any further upside. => This key resistance will attract selling interest and act as a barrier for any meaningful correction. => To the downside we can see...
WATCH OUT FOR THIS PAIR AND BE READY TO SELL THE BREAKOUT See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
WATCH FOR THIS BREAKOUT AND SELL ONCE IT OCCURS. SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
So with USD/JPY right now we will be focusing on the key level 108. If we can stay above this a retest of 109 and higher is possible. Although I feel its more likely that we will fall under 108 to the 106-107 region. Keep an eye out and wait for either a 2 hour candle to close below 108. or a 2 hour candle to close above the trend line, be cautious for fake outs!
My last target of 109 was hit and I closed my profits. I am currently waiting patiently for this pair to decide which direction it is going to go. Upside Target: 112 Downside Target: 106 I would recommend sitting on your hands and let the market play out, and be cautious of fake outs. Remember we did just experienced a flash crash so the markets going to be a...
Next up we have USD/JPY after the recent flash crash I feel like we should let the market chill out a bit and sit on our hands. I personally feel a 109 retest is coming soon and we can capitalize on a potential bounce or break set up. If we break the descending trend line 110 will be met rather quickly. If we bounce off the descending trend line my next downside...
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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!
At this point USDJPY is at the Resistance level of 113.200, if it will break and close above the Resistance level we could see a raise to 113.650. If USD/JPY can't break the Resistance level we could see a drop to the Support level of 112.600. Goodluck trading and follow me for more of my analysis!