gdf_fx
Long

USDJPY possible longs

FX:USDJPY   U.S. Dollar / Japanese Yen
77 0 3
I may or may not take the trade as I do not really have a good bias on the YEN yet.

what i do have is a bullish view on the dollar as well as last week's rejection off the key support on the weekly usdjpy             chart.

if we are expecting bullishness a nice entry could be found at 61% retracement of the current swing confluenced with a breaker candle

initial target would be the key price zone around 104.2

target 2 would be 106/poc, however we would need to break the key yellow resistance and then see bullish PA for me to target that high up

Worth noting the BOJ are looking to clarify their policy and explain how they are still on track for 2% inflation target. What this means for the markets is alot of volatility , increased risk and increased reward (or loss)

Also, there was some divergence last friday with the Nikkei slipping and USDJPY             continuing its pullback. Further confluence that the dollar could be looking to make more gains this week.


EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out