Entry - 108.38
Take Profit - 109.28 - 90 pips
Stop Loss - 107.88 - 50 pips
Straight away, you'll notice this is not an ideal risk to reward ratio, but I've found the 30/200 pinch to be somewhat reliable in my back-testing. On the 4H chart, price has appeared to have made the turn for an extended reversal. The 200MA (blue line) has been breached and we're...
We will see the confirmation if the Price Break the Level 107.300 to down , with a Daily Candle ,So we will see a continuing fail of this pair like we already see since 113.000
The US dollar has fallen significantly during the day on Friday, continuing the down move that we had started on Thursday after Donald Trump announced a tariff on both steel and aluminum. This has put a lot of fear into the market, which of course has people running towards the Japanese yen.
I suspect that most of the reaction in this market will be due to noise...
After such a big drop we need a correction before continuation of our down trend. Therefor I believe we gonna see that correction now.
I'll hold my position with a really tight SL for now.
First target is the S zone and 38.2 fib if we see a break I'll focus on our second target at 61.8 fib.
Hey Guys, We are keeping our bias bullish for UJ over the next few weeks and have identified a potential area where this chart may find a higher low structure level at 113.200. This is based on a support and resistance level which has been tested on both sides and a previous higher high point. We have a target of 114.778 and a stop loss at 112.900 giving us a very...
One of the time cycles of Gann's theory was the ending of a 270 day cycle for USDJPY and EURUSD. What this means is that there is a higher than normal probability of a 90 day countertrend. This countertrend will end the year.
USDJPY should move up consistently from now until at least Dec. 22nd.
We also have some extremely bullish signs based on time and price...
I know many of you are watching UJ when trading gold... There's a very important pattern developing on the UJ UJ chart.
After a 7 months consolidation ( downtrend in a down channel) we had a character change. Price didn't turn down immediately in a V shaped form as did before. It sticked to the trendline an started to crawl along it. I think the Bank Of Japan...
Yesterday USDJPY daily candle close as BULLISH REJECTION CANDLE off the WEEKLY range support.
Confluences
- Bullish rejection signal on daily
- Breakout and retest of H4 CTL
Potential bullish to the range top. However, good target zone will be the mid zone of the range.
All to do with USDollars - lots going on and all pressure on Dollar looks positive as numerous news weighing in. We cash out on the south run as TP hit, and we re-instate long position with TP @ 114.931
USDJPY has been falling since last December.
I anticipate that the correction wave will end at 107.300-106.040 area.
Around 107.300-200 is particularly important support.
After the correction wave, I think that a rising wave will continue.
Fundamentally, looking at global equities, data from the US, Fedspeak and Yellen's comments, USD should be trading much higher.
Why isn't it?
1) JPY-positive flows before the end of the Japanese fiscal year
2) 'Uncertainty' of the Trump administration
3) Profit taking at 115.00 - including option defending and strong sell interest
However, I view this as...
USDJPY weekly analysis 17 october 2016, long position .
Long position : 102.03
Stop loss : 100.66 (137 pips)
Take profit : 106.45 (442pips)
R/r Ratio = 1 : 3.22
