On Friday night USD fell badly just due to the speak from Federal Member. I believe it will rise again and will make new HIGH of this year. Better to buy on DIP as I already mentioned in the chart.
USDJPY leaped from price 140.200 to almost 143.000 this morning continuing the long-term bull trend. After the pairing reaches price 143.000 I am expecting the bull run to continue. I have based my analysis off charts from June 1998, the last time USDJPY saw these price points. Buy Entry: 143.000 Broad Targets: 143.900 | 144.500 Resistance: 145.000...
It was easy predictible that USDJPY is bullish again, but you have to get a good risk managment. SMC has the best concepts with Risk Managment, where you have a 2-20 RR. The most important thing is to protect your money from the banks by your stopploss and takeprofit. If you have a profitable 10 RR you can lose 10 trades and regain it with 1 trade. Explanation=...
The USDJPY is forming Simple Bullish Flag Pattern and the indicators are already giving bullish sign.
As Dollar Currency Index seems bullish so by this we can assume that USDJPY will go more up to it's Resistance zone.
The market of USDJPY is in Bullish Divergence and also it taking support on Trend line which is giving strong indication of further bullish momentum.
On the H1 time frame, prices are holding above an ascending channel and approaching the support zone at 134.500, in line with the 38.2% Fibonacci retracement and ascending channel’s support. This presents an opportunity to play the bounce to the next resistance target at 136.20. Prices are holding above the 50 EMA as well, supporting the bullish bias. Failure to...
As we can see that USDJY taking support on it's previous support zone. I believe from the current market price it can be bullish.
Japanese yen is weaker against the USD. I believe that this bullish journey will remain continue in next week. Better to look buy opportunity on every support taken on trend line.
Japanese yen is still weak and I believe that this pair will continue grow to make new high.
It is better to look buying opportunity on it till it is above the trend line.
We have seen a nice leap in price since my last update, blowing past the resistance of 127.330 . I am still bullish on USDJPY, but the price of 130.000 will be a big deciding factor. If the pairing continues past this price it will more than likely go onto to 134.000 . If not we may see some drops. Current Trading Range based on April 2002 day chart Entry:...
USDJPY is obeying it's ascending trendline. The market will remain bullish till the USDJPY is remain above the trend line. Yen is weak against all currencies. Better to look buy setup on it.
The market is open for USDJPY to fly more high as there is no market upside.
Ill be keeping my eyes on this one but it does look like we are breaking through a huge area of resistance and continuing on the bullish momentum. For now Ill wait and see if we can get a pull back and possible entry's for long trades around 114.250.
Just a bit of a look at how I trade these pairs when price is on a huge upside move. It can be very rewarding when you get entry's and straight into risk free but remember anything can happen and just cause price is looking so strong, we can get sell offs whenever... its better to be safe then lose.. risk amounts stay the same ALWAYS no matter how good a setup looks.
USDJPY, 1h Buy Entry - 111.500 Stop Loss - 111.250 (25 pips) Take Profit - 112.100 (60 pips) usdjpy chart looks like a flag on 1h chart ..its posible to continue rising.. lets see what happens
In the chart, USDJPY has breakout its descending trend line which indicates the more uptrend. Follow Monday bullish candle if occurred.