Hello everyone, looks like USDJPY pair is at a crucial level. Will we continue to reject the resistance trendline and move to the support trendline? Or will we break right through and make a move to the upside? Both situations are very probable but I'm leaning toward a weaker USD and we move to our downside targets. Lets see how this plays out. It will be fun!!
USDJPY 4H Gartley Pattern May give us another good entry to buy USDJPY from the low. Harmonic Pattern's Logic is simple: If you want to long, buy the low. if you want to short, sell the high. So let's watch the 111.840-111.660 area. If you are new to the harmonic pattern, please do not take this idea as a short idea. We trade after the D, not the CD leg.
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!
Wait for break and then sell. Stop loss right above the top trend line
USDJPY just dropped for us. i am now expecting a move back up. if it breaks red line the going back down SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
USDJPY - LONG - Buy @ 1D Diagonal Support - Stop / Loss below Diagonal Support - Target 1: 114.30 - Target 2: 118.10
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...
UsdJpy - Daily and H4 - Price landed into a demand area on daily chart and so far holding up good combined with dollar strength suggests this pair should move on higher.
USDJPY has retraced to Fibonacci retracement level of 0.618 as previously surmised. this could extend to Fibonacci retracement level of 0.382 (113.441) before it falls back down Also Stoch RSI is going into overbought territory. Be ready to jump in for a sell if you are not in already See previous analysis like, comment and follow
1. Broke through resistance and now bounced off the new support twice. 2. Inside bar potential break upside 3. Upside wick and long bullish candle to show strong momentum to upside. 4. Good RR of 2.7ish Fundamentals show hawkish tone by FED and recent good jobless data. *Strongly based on support and resistance play
USDJPY UPDATE for those following me would have made some handsome profit on this and many other analysis ive done. i am expecting this to complete wave ABC before we see the final fall sometime in the next month see previous analysis below
USDJPY long then short as it approaches level of supply. Also could form head and shoulders
Inverse Shoulder Head Shoulder Pattern. The goals are indicated on the chart.
Reasons to enter: 1. Overall Uptrend 2. Daily Fib. retracement at willis zone 3. Daily engulfing candle at ascending channel 4. Possible new lower high is printed 5. Daily resistance hold at 112 6. Psychological round number.
SEE ONSCREEN INSTRUCTIONS. ALSO SEE PREVIOUS ANALYSIS I DID BELOW THANKS
WAIT FOR A PULL BACK AND ENTER FOR THE SUBSEQUENT LONG LIKE, FOLLOW AND COMMENT