Hi Everyone, USDJPY has been on a nice rally up, but it seems like it has lost a bit of power. On top of technical analysis, the recent news released with some key economic indicators showing positive impact to control inflation, which leads to a lower probability of heavy hikes in interest rates. I believe USDJPY is ready for a correction and 1:2.5 will be my...
According to chart, DXY is at 50% retracement and the pair is at resistance. So I think it's time to short.
Is it just me or is the USDJPY starting to forming a bearish top at the daily chart? Is the market risk aversion favouring the JPY now against the USD after weak US Consumer Reports?
The USDJPY currency pair is likely to experience a significant correction , moving downward from its current position at 132.795 (even though JPY is weak). I anticipates that the price will find support at key technical levels, on the 50EMA, 200EMA, and 800EMA respectively. The 800EMA is expected to represent a deep correction, while the 50EMA and 200EMA are...
I am bearish for usdjpy. Yesterday took sell usdjpy at 134.50 with the target profit somewhere BELOW 131 level. The next possible thing to do is to accumulate sell position. The moment is whenever there is great momentum to the downside. It is whenver the price could break below the blue trend line. Especially whenever it happens with bearish engulfing...
Last week usdjpy plummeted to 130. But this pair is still strong enough to hold above 130 level. So what is the scenario for this week? From my view I would prefer to sell the rally. There are 2 possible zones to go for short. 1st one is around 135.583 area (red horizontal line). 2nd one is the red rectangle area, 137.35-137.75 zone. In my humble opinion we can...
This morning I posted there is chance for usdjpy to test lower trend line (red line trend) then drops. But there might be alternative scenario in case if usdjpy fails to retrace higher near to lower trend line (red line), i drew the blue trend line in case the price fails to go higher to test the lower red line. If the price breaks down lower the blue trendline...
21 July was the day USDJPY managed to break below the lower trend line. Just after that the pair us still running below the lower trend line. We are heading to main focus of this week, fomc and gdp announcement. I believe before the fomc there is chance for USDJPY to retrace to retest the lower trend line. And that is the moment to sell again just like what I...
USDJPY short positions Excessive levels, correction or reversal of the trend
Downtrend long-term.✔️ Golden Fib-zone.✔️ R:R better than 1:2.✔️ Lower highs , lower lows ✔️
usdjpy longs and short trads setupes u can understand this chart ?
I have a bearish outlook on USDJPY. I am expecting price to make one last bullish attempt, before finally dropping as expected. I think the another minor push to the upside will create a double top or complete the head of the possible head and shoulders formation, from that point on i will be looking for a bearish candlestick to enter a sell. I believe that...
Sales range: 106.015 Targets: 105.930- 105.845- 105.760 Stop loss The first goal: the profit to loss ratio is 1: 1 (106.100) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 106.015(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
the Weakness in the Dollar index might continue in the near term, after Donald Trump refused to start the stimulus program we saw a bounce in the DXY index. after that a weakness started to show which put pressure on the USDCAD and retraced down from 1.3340 to 1.3240. however the USDJPY is still holding. reaching a 4 month trend line pressure we might expect some...
In this analysis we can see USDJPY setup, I expect big sells for USDJPY in the nexts days/weeks. The signal for this trade is: SELL USDJPY: 🚨SL 107.807 ⭐️TP 107.045 ⭐️2 TP: 105.140
Aloha! Here is a missed opportunity at the beginning of the week. I had one trade open on EURUSD L that closed for 1.5%. Focusing on that trade distracted me from a USDJPY S, regardless, here is how I was looking at: I saw a wedge pattern where price is squeezing and since we are coming from a massive move on march 26 and 27, This could be a continuation and...