Price is currently sitting on a major support in the 110.230 area. If it breaks through and closes below, expect s continued downside trend. It may also bounce back off of the 110.230 support and climb its way back up to the 112.000 resistance area
If we can hold 118.200 on EURJPY I will be entering a long on Monday night. Stops and targets are on the chart. I think that the EURO is likely to gain strength, as Europe is getting inflation. This long will work as an investment, and not a swing- or daytrade. Happy trading out there!
Sounds like a book title.! Falling Wedge + price heading for resistance. we can expect 113-114 Enjoy. Comment below. for more frequent signals message me.
PRICE HAS BROKEN SUPPORT LEVEL 111.374 AND HAS COME BACK TO RETEST IT AS RESISTANCE ALTHOUGH A HEAD AND SHOULDER PATTERN HAS PRINTED ON A LOWER TIME FRAMES IT IS NO LONGER VALID AS PRICE HAS FAILED TO BREAK PAST RESISTANCE I AM LOOKING TO SHORT THIS PAIR UNTIL IT CONSOLIDATES POSSIBLY TAKING PROFITS AT 108.XXX i WILL KEEP MONITORING THIS PAIR AS IT PUSHES TO LOWER LOWS
OANDA:USDJPY looks like its bouncing back up after a severe downmove forming a nice channel. 4H Timeframe View: It was able to pullback and even retest the 20MA in the 4H timeframe so it will be great if it touches the 50MA(yellow line) and hold above it for a confirmation of the short term uptrend. Long: 111.342 Stop: 111 It might still pullback to test...
We looked at the AUDJPY on Thursday of last week. At the time the pair was trading just below the 85.35 handle, a level that’s served as a pivot since the new year began. The idea was to watch for a sell signal from new resistance. However, Thursday closed at 85.51, which canceled out any notion of shorting the cross. I wasn’t interested in buying the pair on the...
This is an awesome technical figure that's taking shape after a very long consolidation period; the impulsive leg starting from past October at 125.00 hit 148.00 at the end of the year and has been retracing since then, finding a strong support at 138.00 Today's candle should confirm the pattern, which hints for a bullish move (and hopefully a retest of 148.00...
Yen has shown it's weakness in the last days and two bullish candles (two pin candles) around 110.00 mark this level as a strong support. Furthermore, the approaching EMA200 could provide some more confluence for a bullish technical entry.
We discussed the AUDJPY exactly one week ago. At the time the pair had just broken support at 85.35 and looked determined to test the next key support at 83.73. With this in mind, we were watching for a selling opportunity on a rotation back to new resistance. Unfortunately, that retest never came. But the pair did reach a low of 83.81 this past Tuesday, just 8...
USDJPY has broken above the neckline of an inverse head and shoulders pattern and looks set to continue higher. Initial resistance is 111.60, with a break above there targeting 112.20 and 112.80. Immediate support at 111.20, with further support at 110.90 - a break below the latter would invalidate our bullish bias and turn us neutral on this pair.
The prospect of a likely victory of market friendly candidate in France (Macron) would redirect attention to ECB policy normalization and imply a bullish impact on EUR in the middle term. However a victory of Le Pen would drive to an signficant bearish impact on EUR in the short term and support the YEN, as this currency is a big beneficiary of risk aversion. The...
Perfect break and retest of CHFJPY. Plus 4 timeframes up are bull
Nikkei breakout the channel and recently tested back and got rejected i expect a move to monthly support @ 18600-18700 It will push UsdJpy down to 108 Levels. good luck!
Rising wedge has appeared. Probably will have mini-pullback and then, price will broke that resistance level to do a bullish impulse.
Important for me is a move above 111.60 thats when i will probably move stop to breakeven and let it go higher. 112.00 should be a reasonable target. We should not see any close below 110.70 anymore, this idea fails if we break lower. Best of luck and please use proper risk management, never risk too much on one single trade.
as we see currently the price are moving in compression movement which might need a little bit more of force before boosting out. We expecting the investor are currently looking for a good price and opportunity to purchase pound ahead of article 50 which will be triggering on 29 march 2017. thus, we will long this pair at 0.5 lvl and 0.382 with projection target...