U.S. Dollar / Japanese Yen

FXCM

USDJPY

Pattern: Descending Triangle on 1M. Signal: Bullish as the price made contact with the 1M Support Zone. Target: 109.000 (the 1D Resistance). For risk seekers, if the Golden Cross (MA50 over MA200) takes place on 1D (as seen on the chart) it can extend towards the 112.00 1W Resistance.

Hello my dear friends, USDJPY had that correction which lasted for few days and it's expected to end very soon. Be prepared for any penetrating of the current resistance, only then we will buy the market and target higher levels. After penetration, use very tight stop-loss below the latest bottom before the penetration. Good luck my friend and to be updated...

Check the left chart for more details about our wave analysis in our Channel ABC Strategy. Would be easier to check on this weekly chart. USDJPY has made a reversal signal on weekly chart' bottom. Now this week, it is going to make a new high. And on a long-term, it will make a possibility of 650 pips from C TO D. LESS IS MORE!

USDJPY expected to rise up to 1st resistance at 107.186 where it could potentially react off and drop down to 1st support at 106.766. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Price is ranging after forming first Higher Low just after it came to Stop Hunt some orders on the Monthly Key Support Level. We can find a divergence with MACD and the EMA 50 is now forming support. Price can come back to retest 106.00 (Monthly Supporty) just as TVC:DXY is about to do with Montlhy Resistance, and then...

This is purely for educational purpose and should be taken with a grain of salt. I think "JPY" is due for some sell-off. Let me know what you think, I'm fairly new to the forex world, been at it for almost 2-months now.

Dear Traders all around the world! Feel free to leave a like and follow not to miss any setup! USD/JPY is looking bullish here as LTF is getting above OB and we got a nice set of Higher-Lows. Therefore I'm anticipating a Long position with 11.4R/R.

may idea is short

Did this one quick... just want to track result.

Overall, USD/JPY is trending downwards. Recently, USD/JPY is ranging across with no clear direction. The G7 meetings will be starting tomorrow. During this time, central bankers from the G7 nations may make important comments and statements. At the moment, USD/JPY is moving towards the resistance level of 107.000. Its next support level is at 105.000.

I borrowed the trading idea from here - . Having checked the bigger structure I agree there can be a potential change of trend and sharp bounce.

Possible run on the lows but have some 4H MACD Divergence showing Will monitor

The pair is in a correction and may grow. On the 4-hour chart, the wave (C) of the higher level forms, within which the third wave 3 of (C) develops. Now, the first wave of the lower level i of 3 has formed, and a local correction is developing as the wave ii of 3. If the assumption is correct, the pair will grow to the levels of 107.67–108.43. In this scenario,...

We're currently having a wedge pattern on usdjpy, as well as the bundling of the long and short term moving averages. bias is for a push up but not ruling out the possibility of a push down back into the demand zone.

.....

change trend

Breakout and close above resistance 106.728 confirms a bullish move. we will look to buy once the area of resistance has been broken.

JOIN THE EXECUTIVE FX TEAM ON TELEGRAM ( @executivefxsignals) FOR LATEST SIGNAL UPDATES AND CHART ANALYSIS ADMIN :(@fxofficial)