It is expected this week we might see some retracement towards 116 zone, before another leg down in USDJPY.
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: ...
Strength on JPY - USDJPY showing down trend on Daily chart. 115.00 seems like a good confluence level to short USDJPY.
USD/JPY - Bear Market. Retail traders are net long 2.8:1. This confirms further downside continuation risk outweighs upside risk at the moment. Negated if price closes on Daily Chart above 1.1832 handle and 9/21 EMAs have crossed up. Bearish bias also negated if retail trader positioning drastically falls or reverses. Trade Options Option 1: Wait for price...
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...
Looking for a short at 116 on decisive break of long term support
I have marked this idea as short because the major move expected is a sell. Well, until price reaches the upper trendline structure, its a buy. But I will be looking for pullbacks and corrections on lower timeframes for more entries. For a detailed forecast of this D leg of the triangle refer to Contracting triangle in the making USDJPY This is not a trade...
USDJPY has been putting in this Rising Wedge Pattern. These tend to break to the downside. The Rising Wedge is also occurring at Resistance. I'm waiting for the Break & Close out of the Wedge on the 60min before I enter. Stops - 1 ATR Above the Breakdown Bar Target #1 - Measured move of the Wedge Target #2 - 78.6% Fib Retracement You can you also use just...
We are looking to short the USDJPY trading out of the monetary policy report tomorrow morning. The market is starting to believe that the BoJ will add further stimulus but I don't think that is the case o at this meeting. Safe haven flows are still a big factor in the direction of this currency pair with the JPY being a sort after currency in times of risk off...
Hi everyone! I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. I see USDJPY sitting at the resistance zone which combine WR2 and DR2 pivot point cluster. This might be seen as potential take profit zone and zone where bears would sell.
I've been watching the pair recently and have noticed that we are in a zone where it is demonstrating crucial price action. It is ranging around the Summer Lows resistance and Mid Month support. Although it closed above the summer lows resistance it seemed to have opened below the price and have been within that range for the day. A break below the Mid month...
USDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies. Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box). This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or...
UsdJpy Compressed to reach up to supply, a drop of price in expected