Waiting for FX:USDJPY to breakout from its previous resistance and continue the bullish trend.
Entry: 148.847
S/L: 148.213
T/P 1: 149.4810
T/P 2: 150.1150
Risk 2%.
My dear subscribers,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 148.42 pivot level.
Bias - Bearish
My Stop Loss - 149.37
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 146.67
About Used Indicators:
The average true range ATR plays an important...
Expecting a drive up towards $153.300 from the current price zone. Potential to bank roughly a good 600 PIPS (4.20% gain) from this trade alone📈
Upon completion of this final impulse move up (Wave V), we can look to start positioning ourselves into a MULTI-YEAR downtrend. This could be 1 of a lifetime opportunity!
Hello,Friends!
USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 145.881 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/JPY pair.
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We expect further downside on this pair, signalled by the symmetrical triangle pattern breakout. We can also see the breakout of a trendline and key level which further supports our directional basis.
Hello Traders,
Since we clearly invalidate the potential SELL on USD.JPY, and that we just passed the FED interest rates I think we should be looking for LONG BUY on USD.XXX pairs. This structure gave us a little setup days ago, and is giving us another one.
As always I'm posting on this idea the two potential and probable scenarios, and keep in mind that anyway...
On USD/JPY is nice to see strong buying reaction from the price 147.890 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Resistance from the past + Uptrend +...
My dear friends,
My technical analysis for USDJPY is below:
The market is trading on 146.65 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 148.64
Recommended Stop Loss - 145.57
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations,...
US Job Growth Soars, Dashes Rate Cut Hopes
The unexpectedly strong non-farm payrolls data released on Friday has reignited a rally in the US dollar for several reasons. The robust job growth of 353,000 in January, nearly double the expected figure, has instilled confidence in the strength of the US economy.
Positive Economic Outlook: The impressive job...
Hello,Traders!
USD-JPY went up sharply
And the pair has reached
A horizontal resistance level
Of 148.800 from where
I think we will see
A local bearish correction
Sell!
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I am waiting two level on USDJPY before entering. 150.600 is the level where i wil start shorting, otherwise at 144.000 i will start buying. This two levels are really important, because they are daily support and resistance. This levels also fit as fibo level 1.618 and -0.618 of recent leg
Today's focus: USDJPY
Pattern – Consolidation Watch
Support – 146.20
Resistance – 148.50, 151.70
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY.
After US employment data shocked on Friday and lifted the USD, we are wondering if we will see trend continuations on the USDJPY. So far, the price continues to travel on...
USD/JPY is trading close to a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 148.165
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 147.252
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement...
