UsdJpy - Daily and H4 - Price landed into a demand area on daily chart and so far holding up good combined with dollar strength suggests this pair should move on higher.
SEE ONSCREEN INSTRUCTIONS. ALSO SEE PREVIOUS ANALYSIS I DID BELOW THANKS
WAIT FOR A PULL BACK AND ENTER FOR THE SUBSEQUENT LONG LIKE, FOLLOW AND COMMENT
We can see a trend and a correction on USDJPY. The correction trend-line has broken to the upside and I have entered a long (buy) position at the current pullback level. This is a C wave trade. Tp 1: 110.030 TP 2: 110.200 Should the previous high break, I have a target of 111.000
In the USDJPY pair price has reached a critical support area and I am not watching for any sort of price action candlestick or pattern to get long. Price has been in a strong bullish trend for the last few weeks and while price has pulled back quite a bit since last week the bullish bias is still intact. Prudent price action traders will be watching for any sort...
USDJPY remains bearish. On the 4 hour chart Ive laid out the next support levels and the current trading channel. Dont buy USDJPY untill the upper range breaks. Tell that moment it remains a sell with a stop about 15 pips above the upper range. Use support levels as your take profit or as level to aim at a bounce back up.
On the 4 hour time frame for USDJPY it looks like it will go down a bit more to touch the support after that it might bounce up to the upper range. Sell with take profit 111.15 From there buy with take profit 112.10
On the daily time frame for UsdJPy we see that it has been trading in a tight range for a while. Also we see that the current candle is above the upper range. This is an indication of a possible break out. Since its the daily time frame we need to wait till the end of the day and see if this candle still is above the upper range. If its not then it could be a...
USDJPY on the daily time frame seems to have entered a new down trend. You can see that the lower range of the previous uptrend has been broken and its now forming waves of the new down trend. So what your now basically are seeing is the a blue print for the new trend. Since its now at the stop of it close to the upper range and the Stoch is very bearish its a...
hey guys a new long setup idea usdjpy everything and details in chart
Hi traders, (As always, our students got notified early about this analysis) King Dollar crushed every pair yesterday, creating a new trend. UJ somehow was one of the smallest intraday movement I saw. I guess that weekly (almost monthly) resistance got in his way. The trend is your friend and it will be ours today too. This is either a triple top or we are on...
USDJPY is a nice strong bullish wave and currently the candle is breaking the upper range. It still not to late to buy with a big target of 114 if you got the patience. If you more an intraday guy/girl then aim at 110.30
Multiple reasons lead to the idea of a UJ long situation over a short. First is USDOLLAR INDEX is testing a support as seen on the right chart, while USD/JPY is testing as well its own support line. JPN looks exhausted and needs to take a nap most likely. --------------------------------------------- Fx - USD/JPY Chart timeframe - 6hr Area of interest - 109.5,...
Using Top Down analysis I can see that UJ is at Heavy Support, The W Pattern is forming on H4 and Higher Timeframes. Also there was a break of structure previously to the upside with multiple retests. Ideal entry would be 108.902 Targets are on the Chart SL Below 108.500. My Bias is bullish On this pair. Waiting for a pullback to First entry or a Lower high for a...
Here is the Weekly chart of the USDJPY with a nice test of the 200 SMA. Keep an eye on it for more upside as long as price can stay above the moving average
Fundamentally USD is still supported. Today the 61.8% retracement offers a good entry.
the picture pretty much says it all ... Id be keen to hear yalls feedback ... #economicfreedomFX