USD/JPY breaks two-week long channel down
For the first time in many weeks, reports about another ballistic missile launch made by North Korea did not led to appreciation of the Yen. The news from Asia most probably was beat by a series of positive news coming from the United States. From technical point of view, strengthening of the buck led to breakout through ...
USD/JPY moves to south as expected
As it was expected, the currency exchange managed to break below both the psychological 113.00 level as well as the weekly S1 located at 112.86. A release of better than expected American retail sales and inflation data did not ruin this achievement. In contrast, it simply accelerated a rebound from the bottom trend-line of the ...
USD/JPY trades in descending channel
During previous trading session the currency exchange rate expectedly approached and made a rebound from the upper-boundary of the current descending channel. As a result, now the pair is expected to continue moving to the bottom. This direction is also supported by the fact that the 55- and 100-hour SMAs are located above the ...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Hello Traders,
Weekly Chart
Scenario 1: (Normal conditions)
> Price exactly at .618
> On 4H we have a nice buy setup.
Scenario 2: (Risk conditions)
> Hurricane Irma, N.Korea tension.
> It may reach 0.786 level in worst case.
> Wait until weekly candle shows bullish momentum.
I rely on both technical and fundamental analysis and use my strategy to trade, you ...
Morning outlook - USD/JPY falls as North Korean crisis escalates
In result of a new ballistic missile test conducted by North Korea, the American Dollar lost 0.57% against the Japanese Yen just in two hours.
Accordingly, in the first half of Tuesday the buck is expected to try to recover some of the lost value. However, even if it succeeds to break through ...
Near Term Setup - LONG USDJPY
Expected reversal from 108.709 to 111.015
Entry:108.287 (based on April Support levels)
Stop Loss: 108.709
Target Profit: 111.015
Expected Time frame for trade is 3 days
Note: Reversal has not been confirmed as signal line has not crossed over as yet.
With the completion of an inverted H&S formation on the daily and weekly time frames, we have the opportunity here to long the USDJPY for circa 500pips.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please ...
usdjpy posted this earlier on my Instagram account that i started way before the buy happened and it went my way...well to be exact all the confluences were present on this pair...
will definitely pass the previous high without a doubt....just a matter of time.
have a great one guys.....:)
Hey guys,
The chart says it all, more or less. I have a larger pitchfork on the monthly chart,
price hit its median line @ 125.3xx and bounced off it. If we are destined to hit the
lower paralel line we will see 90 - 100. Breakout to the upside could mean 130 - 140.
I personally have bearish sentiment on the larger time frames and believe a move
towards 90 - 100 ...
Here is the Weekly chart of the USDJPY with a nice test of the 200 SMA. Keep an eye on it for more upside as long as price can stay above the moving average
I think everything is shown on the chart
The entry , The Targets and stop loss
i'm actually wants really to hear from you before starting the position
Good luck all of you .
Sell below 114.07. Stop loss at 114.77. Take profit at 112.90.
Reason for the trading strategy (technically):
Price continues to drop nicely from our selling area. We remain bearish below 140.07 resistance (Fibonacci retracement, horizontal overlap resistance). We also tighten our stop loss to 114.77 to protect our profits. Profit target is at 112.90 support ...
Buy above 112.58. Stop loss at 112.21. Take profit at 113.75.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target from yesterday. We turn bullish above 112.58 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 113.75 resistance (Fibonacci retracement, horizontal ...
Buy above 111.35. Stop loss at 110.10. Take profit at 113.15.
Reason for the trading strategy (technically):
We remain bullish above 111.35 support (major Fibonacci retracement, horizontal overlap support, Fibonacci projection) for a push up to at least 113.15 resistance (Fibonacci retracement, swing high resistance).
Stochastic (21,5,3) is seeing strong support ...
