Reasons to Buy 1. Trend Line Support 2. Resistance Turned Support @ 141.20 3. 200 Period M.A Support 4. 1:2 Risk to Reward 5. Support Trend Line Test 4 Times Since 22nd December
This pair is about to take a multi-year dive (not, yet!) speaking volumes of a developing global crisis (risk-off). Here is the Daily for more precise timing.
A falling wedge has formed for USDJPY. There is likely another short building here against the 50 DMA and another H4 RSI-14 Overbought top. Seasonality supports a short of USDJPY in the near term.
Thinking this. Another stimulus deal should just about burry DXY into 2021, no deal and watch out for a big bounce.
GBPJPY created the daily low during London open by capturing sell side liquidity. It then closed a HHHC (higher high higher close) on the 4HR during NY session giving an optimal trade entry on the pullback. Price pulled back and re-accumulated on the 1min tf and never looked back. Target is the price imbalance that rests above on the 4HR. Now short term, order...
USDJPY SELL ---------------------------------- TP 1: 104.100 TP 2: 103.950 SL: 104.890 * USE 1% RISK ----------------------------------
USDJPY L Trade Ideas ALOHA Traders! The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do. 1. USDJPY L (not in this position) D - After a double bottom on the lower trend line of a range, price spiked up and has room to breath. A...
It seems that the Japanese Yen has been strengthening since the beginning of September. The USD/JPY currency pair has broken key support levels at 105,78 and at 105,10. As a consequence, the market has reached the lowest levels in two months. From the technical point of view, the broken support at 105,10 could be a potential resistance right now. It seems that...
The JPY pairs have been big movers lately. The USDJPY not so much because both currencies are gaining value = sideways chop. If the JPY gets above our trend line, more downside for JPY pairs, but... it could be a great bouncing place too. This is our pivot area for JPY pairs. I'll update when we get close to that line.
HELLO TRADERS! OUR VIEW OF USDJPY, AFTER ANOTHER TOUCH OF THE 106 LEVELS, WE ANTICIPATED BEARS RESUMING THE SELLS WITH BEARISH SENTIMENT IN USD AND JPY BEING SAFE HAVEN WITH NEGATIVE INTEREST RATES. NOT MUCH CHANGE IN OVERALL WEEKLY STRUCTURE AND LAST WEEKS HIGH 106.374 STILL RESPECTED WITH OUR BEARISH VIEWS, SHOULD SEE THIS ONE PLAY OUT LATER IN THE WEEK....