USD/JPY Weekly Overview 7 weeks ago price broke up Range. As you se on weekly chart, when price did it, also currency rate broke up key resistance level 107.94, which become support. Also, 2 weeks ago price bounced up from that key level. For it shows that situation is totally bullish because big players protect key levels. The best place for open deal is near...
All info on chart. My first published chart
Price Action: Bullish Pattern: Overextended inverse head and shoulders. Long-Term Momentum: *Bearish Short-Term Momentum: Bullish Bias: Neutral Action: Wait until price corrects and finds support; however, price does have a chance to run another 100 pips before a major correction. Price closed as doji star. Sunday should give better indication of direction....
USDJPY bounced perfectly above our buying level as expected and looks poised to rise further in this bullish channel. Buy above 109.98. Stop loss at 109.61. Take profit at 110.86. Reason for the trading strategy (technically): Price has made a pullback to our buying level and bounced off perfectly as it continues its way towards our profit target. Our major...
USDJPY remains in a strong ascending channel and is also above our Ichimoku cloud signalling that there’s strong bullish momentum. Price could potentially drop to our first major support at 109.98 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) for a bounce to at least 110.86 resistance (major 61.8% Fibonacci retracement). RSI (89) has...
USDJPY bounced off our channel support perfectly and reached our profit target. Look to buy on weakness. Buy above 109.98. Stop loss at 109.61. Take profit at 110.86. Reason for the trading strategy (technically): Price has shot up perfectly to our profit target after bouncing above our channel support. We now look to buy on weakness to play the further channel...
Hello traders,i hope you all had a profitable trading week as we had a pretty busy week including NFP and a lot of volatility. Let's see what great set-up we have on USDJPY pair. Ascending trend for the pair USD/JPY continues. Estimated pivot point is at a level of 108.71. Main scenario: long positions will be relevant from corrections above the level of 108.71...
usd jpy was formired classic Zig Zag i think test this cycle for down need open sell stop this currency
Long Goals on the Chart. Note the cloud, the last rebound was recorded from it, as well as other rebounds. The cloud is a strong indicator of a trend
USDJPY Long Trade Possibility! Trade with care as always! Looking For A Small Up Move Before The Market Decides To Reverse! A Decent/tight SL of Around 109.25 Levels and a TP of Around 109.60 Levels will be just perfect.
USDJPY testing its new support leved, Get ready for Breakout
CURRENCY PAIR: USDJPY ; Time Frame: 1D - 4H; LONG OPPORTUNITY : Buy on support line , after reversal pattern of trend. Looking new up moves. first tp is 108.500
Uses: Linear Regression Divergence Ichimoku Cloud Zero Lag MACD Zero Lag EMA , John E. Hilbert Sine wave support and resistance Features: Date Selector No Repaint Alarms Trading Version "Thoth the Egyptian scientist, mathematician and engineer. In art, he was often depicted as a man with the head of an ibis bird" Made in Qmt with 999ug.
A double bottom is required as it broke some of the strucutre in H1 chart. Awaiting to long at 106.88 or even lower, preferably lower as long as it didn't break and close below the buy zone. EP: 106.88 ISL: 106.47 TP1: 107.17 TP2: 107.37 Disclaimer: Information or opinions provided herein should not be used for investment advice and do not constitute an offer to...
USDJPY broke out of its horizontal resistance-turned-support level at 105.60 (horizontal overlap support, breakout level). A strong bounce could occur at this level pushing price up to our major resistance at 106.67 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with the long term descending resistance...
USDJPY Multiple Time Frame Analysis showing weekly chart (top left), daily chart (top right), 240 min (bottom left), 60 min (bottom right). At the moment finding support around 105 with a falling wedge developing on the daily chart. Looking for upside as the wedge formation completes and price works its way back above the short term moving averages. Notice that...
Should be a clear sign on the daily that we're in for a rise in USD.
USDJPY has shifted momentum strongly towards being bullish and we’re at a good level to enter a long trade. Buy above 106.35. Stop loss at 105.40. Take profit at 108.45. Reason for the trading strategy (technically): Price has made a bullish exit of our long term descending resistance-turned-support line meaning our momentum is shifting from bearish to bullish....