USDJPY bounced off 105.990 where it could potentially rise further to 106.820.
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Overall, USD/JPY is trending downwards. Recently, USD/JPY has been ranging across within a 55pips range.
At the moment, USD/JPY is moving towards the resistance level of 107.000. Its next support level is at 105.000.
Plan: Waiting for an H4 bearish candle => Sell
Target: 105.4 - 105.8
ATTENTION: All of my plans, you MUST WAIT PATIENTLY for a BULLISH/BEARISH SIGNAL before ENTERING.
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USDJPY moving upside after rejecting its support.
Potential breakout or rejection.
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Type : Swing & Elliott wave .
though we caught a very good short on USDJPY this morning,
for those, who missed this trade, now, there is a chance to be involved.
the market set very nice head and shoulders pattern and
this night you can wait for a bearish breakout of a neckline and short the pair.
Target - 105.8
Stop - 106.55
I See USDJPY has break a consolidation price. The main trend was Bearish, but there's a chance to rebound and make a new form of bullish. This scenario if you want to make short position at USDJPY. Stay safe with wise money management!
In the hourly time frame we see price pushed up to an important level of resistance and then reject below breaking out of its respected uptrend. The Market is showing us that price can begin consolidating at the key swap level price is at right now and this breakout could be an exhaustion for the bulls before they come back in with another impulsive push up...
I've published a previous idea about USDJPY and it was expecting to go up after breaking some levels and I already mentioned alternative scenario:
Needless to say, yeah it went up, but shows lack of momentum and under any means the prices should not goes below the trendline.
USDJPY labeled within a Complex Bearish Triple Three pattern in Intermediate (B) (blue).
- Minor Z (purple) - Regular Flat
- Minute a (red) - Three Swings sequence
- Minute b (red) - Double Three
Minor Z (purple) is expected to resume for the down-trend with Minute c (red), in an impulsive manner.
The price of usd/jpy is not able to break up the static resistance. This because of the macro scenario we can find around the us economy. We can find the minor one around 111.90. From here it is channeled again into a very short/short-term downtrend. That should bring it back to test the dynamic support area. As this movement is one of the most common in this...
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USD/JPY - Elliott Wave Outlook
Leading Diagonal in Primary (A) (turquoise)
Sharp ABC Correction in Primary (B) (turquoise)
Leading Diagonal in Intermediate (1) (blue)
Running Flat in Intermediate (2) (blue)