USDJPY: doing the right thing at the right position
This is a wedge for uj, but can it still go up again ?
Yes, its possible.
But i guess other traders will come and surround you and rob your account money.
Less is more!
As you can see USDJPY has reached to 112.000 handle which has acted as a key level of support and resistance on a number of occasion in the past.
While RSI is also seriously overbought situation and JPY is expected to be strengthen over the coming week. Added bonus we have a perfect reversing signal sitting on top of the chart.
I have gone short...
112.13 USDJPY traders mark that level on your charts , Going off Price action alone and not boring you with the other 3 reasons we have gone short on the USDJPY , you can see that the 112.13 has been an excellent reversal pivot price for the USD JPY
a little bit of USD Index relaxation and we may see a little drop
We anticipate a lot but a Little would be great
USDJPY flat on Friday and little changed on the weekly charts as trading activity is muted on Good Friday/Easter holiday. The pair made some bullish attempts above the 112.00 handle earlier this week but failed to show a sustained momentum amid the unstable risk sentiment.
The yen ignored better-than expected Japanese CPI figures. March national consumer...
Possible long position for USDJPY. Price has been moving above both the 200 and 50 EMA indicating a long bias. Price has also broken a local resistance zone so could be going up. Tiny stop loss of around 17 pips and a 100 pip take profit, good risk:reward.
Good morning traders,
And welcome to a new week- our recent tradingview charts were unfortunately removed due to us breaking house rules of including our website in the title. So we are reposting this US dollar Japanese Yen setup from Friday which is still live. Friday was an extremely technical day with option expiry's driving Yen pricing into the end of the...
Here we have a small ascending channel marked by the red trend lines inside a much larger ascending change channel marked in the the blue lines.
We have had two touches on the upper trend line on the large ascending channel marked out by the blue circles and we have two touches on the upper trend line on the smaller ascending channel marked by the red circles....
The USDJPY pair jumped above the 200-DMA yesterday and extended gains to the levels marginally below 112.00 on Friday. The pair rallies for a second day in a row, rebounding after three days of losses as buyers reemerged at bearish attempts around 111.00.
The greenback saw a limited downside pressure from the dovish FOMC minutes as traders were ready for such...