Usd/jpy short , it's time for correction a little bit , near 0.5 fib. Retracement
USD/JPY formed a Butterfly pattern on a Supply Zone. Depending on market structure "Short trade is Possible here". If it Persist upwards the next projection is a crab pattern lining up with another Supply zone. Cheers
I think the GDP numbers will be positive and we will see USD/JPY going down tonight at 18:50 eastern time
While we see a rally of up side in usd/jpy from last week, know it's seem like trend has been reversed and a strong pattren occures if usd show some weakness and break the pattren it can enter in a down trend for some day's and can give us a swing trade.
The market patterns seem llke its making a M on a daily and 4 hour which looks good for a Selling position, look for confirmations on the lower time frames and let it ride! ;)
Based on the technical analysis , and the recent minor fundamental news USDJPY looks bearish to me overall.
USD jpy overnighted and us inflation report Sell at 110.4 level now Stop 110.8 Target 109.87
Price broke channel with bearish momentum and went back to retest the channel and zone area and a bearish candle formed showing bearish momentum. This gives rise to a short sell opportunity
The usd/jpy just hit the 200 moving average and is looking quite exhausted. I'm expecting it to make a retracement to the 104.32 level.
Possible sell on USD JPY. Look for a curve with a double top. Avoid if right side of curve looks like a trend line retest.
USD/JPY has been consolidating the whole year after the volatile moves in March. I do see the downtrend momentum coming to an end and a bullish continuation. we will have to see it break above key levels and remain above to see bulls taking over.
It's already on a downtrend, made the head & shoulders, the EMA cross confirmed the downtrend, there is a fibionaggi retracement AND it just made a doji on the 15min timeframe. That are 5 confirmations that it's going down! :)
usd/jpy is weak may bounce of of 76 fib then go in for a buy all the way to 106
Hello traders, here is the analysis from our team : WE HAVE A SCALP BUY 107.066 Let us know in the comment section below if you have any questions.😉