USDJPY The long term downtrend was broken in September 2019..The major upside resistance is 109.500. And this pair trading in a range and will fall towards 107.450. From this level we can open long positions and potential take profit will be 110.500. Stop lose may placed at 106.500 level.
Price met the monthly resistance and respected it supported by the weekly trendline which it also failed to break giving us an opportunity to go short with the market looking for daily target @108.455
Buy USD/JPY Entry 1 108.484 Entry 2 108.390 Sl 108.240 Tp.1 108.890 Tp.2 109.120 Tp.3 109.480
Plan : wait for prices to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you...
Buy usdjpy Entry 1 109.140 Entry 2 109.000 Sl 108.900 Tp.1 109.354 Tp.2 109.475 Tp.3 109.670
Plan : wait for prices to bounce off trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you...
Trade wars and Brexit not yet resolved, market uncertainty will continue to support safe heaven currencies and gold prices in 2020
As mentioned previously Let’s see if price can finish creating its right shoulder. We’ll monitor this trade for for a short opportunity if we see a strong confirmation. Trade safe!
Price expected to fall hard, wait for a short pullback
USDJPY 4H Sell **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for...
USD/JPY SELL SIGNAL ENTRY: 109.000 - 109.035 STOP OUT: 108.330 TARGET #1: 108.830 TARGET #2: 108.600 TARGET #3: 108.360 _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage...
FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY
Usdjpy - Daily - This pair has been very hard to forecast due to the bullish yet range bounce price movement recently but given the stength in jpy this week.. with a break of a daily ascending trend line and a head and shoulder pattern broken on H4 chart.. I can see price heading down towards 107.. lets how this plays out..
Bullish trend. As you can see in the above graph, the previous two times that usdjpy touched the 200 trend line the response was a nice increase. We believe usdjpy is on the way to test resistance at 109.40 in the weekly graph. Target: 109.40
UsdJpy had a hard time staying above 109 figure and yesterday the pair broke short term support at 108.50-108.60 zone. Now the pair is trading around 108.60 zone now which should have become resistance. Strategy: Sell around 108.50-108.60 SL @ 109.20 TP @ 107.00
Usd/JPY has a clear up-trend in play, however we approached a important level of resistance where it absolutely melted from this level the last time (RED). I have two take profit targets, Pulling out the FIBB Retracement tool will be helpful as well. Enjoy!