NFP should create highs and lows in between the two blue arrows I have placed on the chart providing a few good opportunities to trade UJ
Buy above 112.55. Stop loss at 112.00. Take profit at 114.00. Reason for the trading strategy (technically): Price bounced nicely and reached our profit target before retracing strongly. We remain bullish above major support at 112.55 (Fibonacci projection, multiple horizontal swing low supports) and we expect to see price make a bounce above this level towards...
on a break of 113.20 a long position could be possible. The next major resistance is at 113.75
looking for a break out of the channel at 115.8, a retest and continued bullish move.
112.867 marks the 50MA and 50% retracement of the 2015-2016 decline, moving from previous resistance to future support Trumps conference yesterday due to focus on fiscal side caused a sell off in usd, prepare positions for the next leg. Please see related ideas to see accuracy in this pair, best of luck and please thumbs up!
2 different possibilites. a test and break fail at the 113.15 zone which would send UJ bullish up to the 114.3 zone or a break below 113 with a retest from the bottom side and a bearish move down to 112. For a short position you will want to see a break of the trend line on momentum as well which would open up the bottom side for a nice 100 pip short position.
So... Seems, it's starting Main C wave or we're still in corrective B wave... That's all.
Go long. Everything illustrated on chart. and Stop loss : Low of signal bar. Trade according to your strategy. Thanks.
I've been waiting to see if the USDJPY would break back above former support and it did. Most traders expect this pair to grind higher and I would agree. I am long after the break. Long @ 113.26, stop below the last swing low @ 112.43 and my target just under the last swing high @ 115.01
WAVE 2 DONE NEXT TARGET BETWEEN 121 TO 122 STOP BY BREAK 112 AREA
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (all 21 Major Cross-Rates) of 1st week 2017 @ my GOOGLE Drive drive.google.com Best regards :) Aaron
Long from around here with stop below the area and conservative target around 115.60. Let's Pl
usdjpy has been in a consolidation for some time now and it looks like it has broken the trend line to continue its bullish move, as the 200, 50 and 20 EMA'S starting to come under price and dxy is also on the rise we can see the this to go back the 118.500 level and possible continuation from there to 121 area where previous resistance lies.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Morning traders usdjpy tested pivotal level of 100 and also probed the multi year trend support after Brexit in June this year. Since then it has been undergoing a steady up move and it has also met the projected target for a double bottom formation. This pair is now closing in on a multi month descending trend near 119.50 which also happens to be the 76.4%...
Morning traders, the pair has broken out of the recent Trump bubble, short term the pair is likely to head lower toward the target levels; 110.9 110.2 and 109.75 wider stops recommended.. if we punch through the above, then a test of 107.90 is on the cards. Please see related ideas to notice that i called the 110 move back in August :) Your likes and...