U.S. Dollar / Japanese Yen

FX

USDJPY

We are looking to buy USDJPY. its a good buy now, Bank of JApan announced no change till spring 2020. SO buy USDJPY with NO FEARS.

One week ago, price succeed breakdown the support 112. and now, let be USDJPY rising and very ideal for us to selling USDJPY on fresh sell area ( 111.103 )

SELL WAVE A -> Trend 2-4 SELL WAVE C -> 0.618 WAVE A

USDJPY price currently touched the support area or the ascending trendline and probably will bull higher to the resistance area marked.

Waiting for sell signal on lower high to go short.

-DAILY HAMMER CLOSURE TO CLOSE THE WEEK -REJECTION OF A LONG TERM PINK WEEKLY TRENDLINE -8H MOVING AVERAGE CROSSOVER WITH PRICE SITTING ABOVE EMA -8H MORNING STAR FORMATION -PRICE CLOSING BACK ABOVE WEEKLY SUPPORT -COULD PRICE BE LOOKING TO RETEST DAILY TRENDLINE

USDJPY ON A RES NOW IF IT COULD BREAK IT WILL GO UP IF NOT WILL GOW DOWN TO TREND LINE

Will be looking for potential longs from this weekly demand zone

USDJPY LONG

expecting the least a push up to 110.900

uptrend buy on dip

Daily Analysis

Expecting further upside on USDJPY, Here was a long trade I took.

STOCHASTIC FINALLY OUT OF THE OVER SOLD AREA. THE LAST CANDLESTICK WAS SUPPORTED BY ABOVE AVERAGE VOLUME.

high probability this move will play out.

USDJPY still fighting the trade war. Bias is short for time being.

>>waiting for a setup to go long on this pair around the blue box. >>Looking for a candlestick pattern before buying into this pair >>1d timeframe shows an ascending triangle forming >>4hr timeframe also shows the same. Now it looks like the pair is going to retrace around 0.5 to 0.618 fib point until it decide to form it's new trend.

If USD becomes strong we might see a potential cup pattern forming on the Daily chart wherein the first part of the cup is already formed