Lovely time to get short on this pair, yen helicopter money ruled out and the buildup ahead of FOMC this week will both aid in this cocktail of strength for yen pairs. All eyes on BOJ towards the end of this week with their interest rate decision. Thank you for all the kind comments, I am humbled by your response - Please support with a like and comment! Trade...
here is my take on this pair on 3 different time frames : Monthly : We hit a major trend line dating back to 2002. Considering this pair has been a bull since 2012. what we see here is basically a pull back that took place from 1/7/15 till today. if by any chance we break the trend line, then this pair shall be officially bearish and may go back to 2012 low''s....
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
TF DAY It is in the C-wave state. and likely flag pattern please trade with carefully Target = 105-106 Stop in 1H Run in 4H End of week it is break out, maybe watch for open market for sure.
USD/JPY 113.78 Market managed to hit below 112.50 yesterday in a sign that market may have another dip toward 111.50-60 zone before resume the rebound correction toward 115.10 zone short-run still showing ability to continue trading zone between 111.00 – 115.10 , while below 111.00 expect 110.00 zone and below Support Resistance Level...
in 4H USDJPY Will rise to 114.600 and this will be our tp So its long HOPE FOR BEST :)
AWSOME exactly in my idea VERY GOOD FOR NOW i think it will be in short to 110 after will go long huge antil 117
USD/JPY Japanese Yen sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60 As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60 Mid-Run: ...
The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show...
Hi everyone! I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. I see USDJPY sitting at the resistance zone which combine WR2 and DR2 pivot point cluster. This might be seen as potential take profit zone and zone where bears would sell.
Multiple long wick occur around support area suggesting that the price would not go any low than previous low (mark in chart). Currently price is at my decision point and i am looking buy opportunity only this time with 1:1 R:R
Alongside my previous published idea: I mentioned that if the pair failed to break above 123.44 and close strongly, the pair would fall - and that came true. Currently, we are looking at how the pair retraces the recent leg down - and watch if the pair manages to consolidate back into the month long channel, or fails to do so. I am placing orders to SHORT UJ at...
This current uptrend on the USDJPY, although overbought on the RSI is showing strength for the moment on the MACD. I would expect it to ride the trend until the MACD shows signs of weakness and then a breakout on the downside. We could potentially see this breakout at some point next week. Im not trading but i will definitely keep an eye out and see how this one...