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....
Hey Guys, We have symmetrical triangle pattern in USDJPY, wait for the breakout side confirmation then take the trade. Don't get trapped in false breakouts, as markets are volatile false breakouts are possible. Whichever the direction it breaksout we have great number of pips to be gained in this pair. Hit likes if you support the idea.. Thanks, Happy Trading !
I think in the coming weeks we will see a rise in USDJPY. It has followed this pattern for a while now, so I have good reason to believe it will continue. I think it will either rise back to the midpoint at around 107.650 and then fall again, or Rise all the way to the upper trend line at around 111.840 and then fall.
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...
USDJPY broke a 4 month trendline, am expecting upside movement.
Steamed usd jpy we flag formation, which is the continuation of the trend of the price chart.
Thakns to uor amazing technical analysis we could affermate USDJPY LONG. Our pattern shows the price will reach is 112.000 in the next 3 months. we are long at 106.000 STAY TUNED
Double bottom bat rally to rise ~109.6 I'm generally new at this so I'm posting this idea for feedback on why it may be good/bad.
As seen in the weekly chart. We see price is indicating a bullish momentum to develop again in the pair. 1 - We are at the 38.2% Retracement Level of the major upswing. 2 - Price respecting the uptrend line, perfectly. 3 - Hidden Bullish Divergence in existence, shouting another push up is welcoming. Good Luck, let us see how the market trades it next week. Just...
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...
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...