The USD/JPY continued its strong run last week, recording new daily gains on Friday in the US season. The pair remains poised for weekly advances of more than 1%. However, RSI is showing that the market holds onto an overbought zone that suggests caution to investors. So, we may see some profit-taking from this territory.
USD?JPY may reward if prices correct...
USDJPY Showing Some Nice Selling Opportunity.... Counting On Trend Reversal or A Slight Pause With The Trend... SL>> Slightly Above Previous High In-case Trend Strength Pics Up & TP Indicated On The Chart ... Good Luck!!!
After making a high around 112 at the beginning of July, UsdJpy has started to drop.
The drop is clearly corrective in nature and is contained in a flag pattern.
2 days ago a bullish engulfing candlestick pattern has formed and this can be an indication of a bottom.
I;m bullish as long as the price is above 108.75 and buy dips is my strategy
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.
PLZ! LIKE COMMAND AND SUBSCRIBE
Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you...
Prices are facing bearish pressure from resistance in line with the 61.8% fibonacci retracement and broke the previous low as well. We could see a test of the sell entry before a further drop here. Next key level to watch would be at the 109.50 area in line with the 78.6% fibonacci retracement. What are your thoughts on USDJPY? Love to hear them!
The USD/JPY pair hit 110.19 on Friday, its highest since early April, retreating afterwards to close the week with gains in the 109.80 price zone. The pair soared amid the prevalent dollar’s demand, easing ahead of the close on the heels of lower US government bond yields. The yield on the benchmark 10-year Treasury note peaked for the day at 1.62%, settling at...
I am bullish on this pair. It has impulsed bullishly, and looks to complete the correction phase. I am looking to catch price as it is overextended to the downside at support... and buy!
No confirmations, no trade!
I am monitoring for bullish PA at support, for a valid entry.
USDJPY has been consistent with the approach to have a bullish trend overall ever since the US elections. We expect the price to rise further, but for a better long position, wait for the price to retrace down to the 200EMA or the trend line on the lower side.