Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bullish market structure from higher timeframe perspective, so I am looking for longs. I expect bullish price action from here as price took sell side liquidity from old low, filled the imbalance and rejected from bullish order block. Like, comment and subscribe to be in...
Dollar Yen is currently in a downtrend. It has recently been rejected from a recent high of 147.770 to a recent low of 146.875. I will place a sell-stop order below the counter trend line at 146.929 and aim for a 3X profit target at 145.101.
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FX:USDJPY Overall structure is bearish on USDJPY. Price broke below 147.553 daily support and retested as 147.553 daily resistance with a bearish engulfing candlestick on the 30 min being entry confirmation to continue bearish bias
USDJPY is turning around after a long push towards the upside. Price is already in a bearish trend from last week. Continuation from here
we can see continuation in dollar getting weaker so we can only look for sells on usdjpy as it gives us clear price action, at the moment we are in pull back phase from where we can expect continuation to the down side. expecting price to break some levels on 30min TF so we can get a confirmation entry.
Hello Everyone i want share my idea about USDJPY. Japan currency is dead, its coming downside clear and beautiful but in this week we had some rejection from buyers and this rejection was strong. In my opinion dollar will start strong bearish movement for that i will try to catch movement, at the chart we have some good rejection from sellers which broke range...
Hello traders, Trust you are doing great. Here is my concise Elliott wave view of the USDJP pair. Trend : Bearish (Local trend) initiated at 151.912. Structure : Wave 4 ABC correction, began at 147.150, appears completed at 149.746. Anticipation : Expecting impulsive bearish structure in Wave 5. Confirmation : Await breakout below 148.889 to the...
Hello traders, I think we'll probably see this pattern . so at the specific zone, you can wait for confirmation of sell. Good Luck.
Most Asian currencies rose on Tuesday, pushing the dollar to a three-month low as confidence grew that the U.S. Federal Reserve is done raising interest rates. However, gains for most regional currencies were limited this week as traders remained cautious on a number of key economic indicators. This week, all eyes will be on the PCE price index, the Fed's...
triangle pattern for usdjpy to push up or to push down, wait the breakout
My bias for USDJPY is bearish due to the fact that price has reacted off the last supply from the whole chart, and has now given a CHOCH and BOS's on the higher time frame. Price has also took all the liquidity that was left above leaving price to now melt downwards and target all the asian lows, trend lines, equal lows, and imbalances that was left previously....
Dollar seems to be weak when compared to other pairs and we can see that usdjpy is at a strong resistance level on weekly and daily time frame, Also we a supply level from where we can expect the pair to fall further.
After Covid-19 USD pumped like crazy now it is time to chill down and do some pullbacks. As you can see beautiful Double Top formed and neck is around 128. Here is my idea of how it will go and where I am gonna take profits.
USDJPY MN - The price may push off from the level, a potential rebound to the values of 127.111 D1 - The price has left the ascending trend channel, a potential retest is now forming (which forms a potentially 3-wave structure) and a continuation of the downward movement from a strong level on the MN timeframe. H4 - The price has broken through the...
Introduction: The USD/JPY pair has experienced a dynamic week marked by a double top pattern, providing insightful clues for traders. While recent days showcased a retracement and an apparent uptrend tendency, the most recent price action is signaling a potential shift. Retracement Dynamics: The past week witnessed a retracement in the intense and continuous...
USDJPY fell below the 30EMA to my previously predicted area of 147.100 then immediately bounced back to 150.000 only to stall and leave us wondering what the next move will be. How do we trade this? We're in a bull channel which should put us in a bias to long. But we have a double top reversal signal at a key level of resistance (the previous Weekly high of...
USDJPY broke out of an ascending channel and it's forming a Head and Shoulders pattern.