The price compelted a falling wedge pattern. The support zone from below also looks very strong so it may push the price higher very soon. For this bullish scenario, we need to look at the price movement above the model and after that we can make a decision.
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-US Treasury yields plummeted as investors seek for safety.
-Japan is set to publish July’s Tokyo inflation, with the core reading seen at 0.%.
-USD/JPY has accelerated its decline, could fall towards the 108.00 level.
- Classic bullish pattern
- Our team expects growth
Entry Level - 109.018
Sl - 108.264
Tp - 110.148
Our Risk - 1%
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USDJPY after the break below the weekly support at 109.750 retest it and move lower.
The market has now broke below the 109.400 zone and continue the correction to the 108.800 area.
According to Plancton's strategy if the Academy conditions will be satisfied we will set a nice short order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly...
#USDJPY Price is trading in the demand zone and we got the price rejection and bullish harami candlestick formed once the price close the above trend line its possible to moving next resistance level 109.459
Why we like it:
price trading in demand zone
bullish harami Candlestick Formation
Watch the trend line breakout
Next supply area &...
Based on the technical analysis, and the recent minor fundamental news
USDJPY looks bearish to me overall.
I think marketmakers will be pushing the pair down
That is why we are going short
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Hi Guys !
On the technical side, the USDJPY completing the running flat and it will start pushing to the upside. Based on that keep your eyes on 5min-15h timeframe for your buy setups. Try to catch the entry before breakout appears.
There is huge profit to be made (if this pair follows the script) and the trade has a nice reward – risk ratio.
Any strong break to...
Overall, USD/JPY is trending downwards.
Currently, USD/JPY is testing to break below the key level of 109. Its next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for selling opportunities of USD/JPY if it breaks below the key level of 109.
Higher low and higher high formation in place
All candles @ 1 Hr formation
Trend line @ 4 Hr time frame
Entry @ previous break point of LH
Stop loss below Lower Low
2 Stage Take profit
Stop loss @108.850
TP1 = 50% = Entry - Stop Loss = 109.543
TP2 = 50% Trailing Stop Loss