Correction USDJPY 📉
The Japanese yen has reached the local resistance level of 149.40 and after a false breakdown I expect a correction downwards. The correction may go to the 1/2 margin zone 146 or to the strong buyers zone 143-144.50 from which I will also look for a bounce upwards. I believe that the general upward movement is not finished yet and the...
You can expect a reaction in the direction of selling from the specified resistance zone
USDJPY moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this...
USD/JPY has picked up fresh bids and approaches 149.00 in Friday's Asian session. The BoJ rate hike uncertainty undermines the Japanese Yen and acts as a tailwind for the pair. However, a dour mood and the US Dollar consolidation could limit the pair's renewed upside. US data eyed.
USD/JPY October Market Analysis and Trading Setup
In the month of October, we are observing an open high-low-close structure on the USD/JPY, which strongly suggests the development of a potential sell setup. At this point, we are awaiting further confirmation through a TDI (Traders Dynamic Index) cross, which will signal the appropriate entry points for sell...
#USDJPY - UniverseMetta - Signal
☄️H4 - You can try to work out a triangular correction with a short stop beyond the nearest maximum.
🔤Entry: 148.800
🔤TP: 147.798 - 146.898 - 145.970 - 143.817
🔤Stop: 149.743
149.00
USD/JPY defends 149.00, stalling its retracement from the highest level since mid-August at 149.36. The BoJ rate hikes uncertainty and a generally positive risk tone cap gains for the safe-haven Japanese Yen while traders look to the US CPI data for fresh impetus.
Confirm signal
usd jpy down to 146.94 by dxy in a reversaldivergence making wave number two after this last days of bull market innit we got the first reversal sign for the 2nd wave of Ellitot making it go to 146.94 arround that area in my pov, before turning agaoin up to 161/2
The USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 143.77, positioned close to the breakout level....
I'm looking at a potential short position on USD/JPY based on the current price action and market structure.
Entry on Retracement: 143.750 after the recent breakdown of the ascending trendline.
Stop Loss (SL): 144.000 (25 pips).
Take Profit (TP): I'm targeting multiple TPs along the way for scaling out of the position:
TP 1: 143.500 (+18.9 pips) – A...
As we dive into the USDJPY chart, I'm seeing several key technical signals that suggest a potential move to the downside. Let’s break it down step by step:
Weekly Timeframe: A Crucial Swing High
First, we zoom out to the weekly chart, where we can observe that USDJPY is currently within a strong swing that recently broke a prior high. This is a crucial moment,...
Dear traders,
We've found a wonderful setup where USDJPY could be going down if we see some rejection wicks at this resistance zone!
If the price starts falling, it will hopefully reach the previous Lower Low for TP1!
What is your call on USDJPY?
ERRANTE:USDJPY
entry : 142.719
stop loss : 142.846
take profit : 142.18
i have adjusted my stop loss and take profit according to my spread size. this is not an advice i am just giving out a set up which i am gonna take, do your own research before you take any trade.trade set up will be invalidated if price touches tp before hitting the entry point.entry...
Hi everybody. We have a situation when some fundamental thinks push price upper but all technical analysis show falling signal. So my opinion short to 141 in near time. Levels thanks to X-Lines script. Follow me ;)
