Profit taking happen on Dollars and cause a downward momentum going to happen on USDJPY. As previously a lot of resistance breakout happen, now is time to retest on all those resistance, key level to watch is 113 then 112 then 111. If 111 manage to break then will retest 100 before going back to 108.5
Hello Traders, USDJPY is offering bullish targets with the following expectations: Dark Red = Very High Probability Target Medium Red = High Probability Target Light Red = Low Probability Target The lighter the color, the higher the chance of a reversal. Best, Chartistry
USD likely to have further losses ahead. This looks to be the start of a down trend, after high velocity break of the uptrend.
MAJOR SUPPORT TREND LINE AT 99.181. PLACE A BUY LIMIT AT 99.181. STOP LOSS AT 96.589
AS SEEN ON PREVIOUS MARKET ACTIVITY, PRICE HAS CONSOLIDATED A IN BEARISH FORMATION. MY IDEA IS THAT PRICE CONTINUE TO CONSOLIDATE IN THIS STRUCTURE AND WILL FALL FROM THE 102.800 PRICE LEVEL OR ON HITTING THE 103.800 LEVEL. EITHER WAY, THERE ARE A GOOD 150 PIPS PROFIT WAITING TO BE TAKE ON THE USDJPY.
SHORT USDJPY: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) USDJPY has a cumulative probability of a =>7th day lower at 0.6%, hence there is a implied 99.4% chance of reversal on the daily. 2. Technically there is also some nice structure about the 103 level. Trading Strategy: 1. Sell USDJPY at market in 1xlot, and add 2x on...
SHORT USDJPY: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) USDJPY has a cumulative probability of a =>7th day lower at 0.6%, hence there is a implied 99.4% chance of reversal on the daily. 2. Technically there is also some nice structure about the 103 level. Trading Strategy: 1. Sell USDJPY at market in 1xlot, and add 2x on...
It's a little bit late for entry, but incase price return back, try to enter. Fibonacci cycle for previous one already fulfil its requirement. Awesome Oscillator divergence already signal of reversal. Optimum Take Profit is 2. IF ! break TP 2, it will go TP 3, which I'm confidence it will. Best of luck. Happy greenpips. fueledbydoodle
USDJPY: 1. Price action immediately following BOJ this september was more than erratic but at the same time showed some consistency for those of you who can remember back to Julys performance - we moved instantly lower on the decision to 101 flat, before ripping 180pips higher to 102.8 to then lose most of the bids and trade back to the 101 base. 2. The BOJ...
USD/JPY opened higher than the Friday close to a small retracement in it's initial hour and price is now trying to push high (hourly view) with a wick formed above today's open on the next candle. Markets could be primed for the Bank of Japan Chief Kuroda who is due to speak in the early hours of Monday and as per recent speeches he will likely be seeking to...
Just Long.... while listen to "wake me up when september ends" songs... in regards of Sept Event. Look on the MACD and RSI. Long again....
USDJPY, EDU SETUP. READY FOR ACTION AFTER WEDGE BREAK Entries as it drawn.
$Yen - There is little impetus for this pair this week, with this recent rally likely part of the NFP report flushing out. - Nonetheless from here I maintain my bearish bias given the BOJ and JPN govts massive let downs I think USDJPY topside will struggle and we will move through 100 once the risk-off tone returns (which is likely once the equities rally/...
no reason to turn bullish right away but these inside bars caught my attention
BOJ dept Gov Iwata was the most recent in what seems to be a slew of attempts by JPY officials, whether it be Govt or BOJ to try and weaken the Yen with yet again more dovish/ promising rhetoric. Statements such as "prepared to loosen policy further without hesitation" where in my mind no doubt undermined by the BOJ's seemingly blind assesment of future...
Well USDJPY will go down on the first target at price support level 100.580. Seems like this is a weak support, once it break will continue to go down to the second target at price 98.626. Once reached the second target will go up at price 104.888.
BOJ - 3trn increase in annual ETF Purchases + $24bn increase in USD funding for banks 1. The BOJ on Friday delivered a shockingly poor package, imo they changed the snallest part of their current QQE programme. 2. What was interesting though was the markets reaction - immediately after the decision $Yen spiked higher then lower to 103 level but from then and...