FX:USDJPY daily time price is currently consolidating which means we will have an ' price expansion'. This is strong size that buyers presence is still there in the market even after the 'CPI DATA' came out to be negative. Let's not miss out on this great buying zone.
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Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 in my next analysis.
-Hello Traders, so we had to send an updated setup to everyone who has been waiting for USDJPY to go all the way up and that is why after BOJ announced their decision to not change the monetary policy. We waited whole day yesterday for UJ to settle down and have a clear view!.
-Sellers are being exhausted and failed to take this pair lower low even when JPY BEING...
As you can see here, I see 3 possible scenarios for USDJPY. It's been in an uptrend for some. I mostly want to sell as you can tell since 2/3 of scenarios include UJ falling to 132.6. It hasn't seen that 132.7 high since 2002! So should it decide to go up, I'd prefer a deeper retracement, but with the "r" word looming in the US economy I'm not confident that UJ...
USDJPY - HTF Bias is Bullish, however Ill be scalping retracements and taking this long if price drops back towards the C point.
Has nice confluence down there & takes out the liquidity and covers the imbalances!
Whats your thoughts?
