Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
If you like this idea, do not forget to...
Prior to today's market closure, UJ recorded a low at 129.520 before a move upside. Expected a fall out at my rejection zone (130.050-129.920).
Expecting a rollover to 129.350's before the NFP data for June drops!!!
NB: Red BOx; Rejection zone
This idea is VERY SPECIFIC (and simplified) in that: Price has tested and closed (this past week) below a very important Daily Resistance Price = 119.322
Resistance Price 119.322 has corresponding Supporting Price at 116.488.
This idea remains valid only if downside Rejection at 119.322 sustains-- Meaning, price in time will drop to Support 116.488 for tests--...
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💹USD/JPY ⏬SELL STOP @ 115.095 ((Scalping Trade))
N.B- MUST USE SL BECAUSE ITS WAVE CORRECTION ENTRY AND
DOLLAR HIGHLY STRONG.PLZ! FOCUS TP1.
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reliance on the information contained within this channel...
The US dollar initially rallied last week to reach towards the ¥115 level. That is an area that is a large, round, psychologically significant figure, and now it looks like we are ready to continue breaking down in the short term. The ¥112.50 level underneath could be a potential support level, and perhaps a potential target. At this point, we will continue to...
The USD/JPY currency pair made its highest weekly close in 5 years for the third week running, but the candlestick formed is a pin candlestick which looks only weakly bullish, if at all. We do see a strong bullish trend, but the souring of risk sentiment last week had the effect of boosting the Japanese yen, so I do not want to go long here until we see a daily...
Previous update on analysis quoted reason for executed Short 116.183 Entry. Though 4Hr timeframe slightly differs, Daily has Three price-action prices for Take-profits on running Short.
ie 114.442 | 114.242 | 113.991
112.645 | 114.242 zone is previous Support/Resistance zone likely to see Retest.
114.442 and 113.991 respectively, are 0.5% and 0.618...
When it comes to USDJPY , a while ago, we've seen a strong impulse to the upside. And got rejected from a resistance. Right now price is staying near a supply zone as well. We also seen a multiple rejection from that area as well, which clearly shows the selling strength. Looks like there aren't many support areas till S1. So you could start booking profit from...