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's journey is in accordance with last week's analysis where the price was stuck in the support area and now it is corrected and enters the fibo 0.382 area. If you look at the close of this week and a fairly strong bullish candle is formed, and the price pattern is lined up on a curved line, it is likely that strong bullish will still dominate after this.
Japanese Yen showed its strength last week but on Friday it was weak. I think next whole week Japanese Yen will be weak and it is good to buy all Japanese pairs.
if you look at the price movement in the past week it looks very slow but the price is still moving bullish, this looks like price compression. usually when something like this happens, in the near future there will be a fairly high price jump. the initial target is still the same, namely in the fibo extension area of 1,618 and it could be that the price jumped...
when wave 5 looks over, now enter the correction period, I have not added the new elliot notation, I have not seen the pattern that will occur even though the price movement looks positive for a correction. short term the price will drop to the SnD area with invalid restrictions, when the price moves higher than the invalid area it could be bullish again or there...
#USDJPY ( U.S Dollar /Japanese Yen ) - IMPULSE CORRECTION IMPULSE in Long Time Frame #LTF, Completed Corrective Waves " ABC " - SYMMETRICAL TRIANGLLE in Short Time Frame #STF and Breakout of the Lower Trend Line - Strong Selling Divergence - Breakout of the Demand Zone
The major is extending downside for the third consecutive session, outlook is bearish. Price action has slipped below 5-DMA and is on track to test 21-EMA support at 133.21.
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of USDJPY, I think we are going to see an upward movement. Now price is staying near a support as well as a demand area, which would help the price to get pass the above resistance areas move towards 113.890; which is a supply area. From...
USD/JPY has made a high of 111.66 and took a U-turn. Its impulsive wave breaks at support trendline breakout. It can keep falling from the dynamic resistance trendline ( DRT ). We may see 109.54 - 109.15 - 107.48 soon. Don't sell after a breakout of DRT or 110.7 level. And do not forget to watch significant releases or events mentioned on the above chart...
According to the 4H chart of USD/JPY, its uptrend can extend and touch the following target prices: 111.11 - 111.50 Invalidation: prices below ii or 50 MA.
Hey buddies, this is USDJPY daily analysis.
Price comes to my previous respected resistance trendline. Lets see. Probabilities
According to this chart, USDJPY will take a U-Turn from the resistance line for the following targets: 104.14 - 103.98 - 103.86. But if it breaks the resistance and stays above it, USDJPY may start moving upward for the following levels: 104.70 - 104.56.
In the previous week USD/JPY gained +1.261 points. From the last candle there will be an uptrend to the parallel channel and then price will start to fall again. Here, the hurdle is 106.06 level. If candles consecutively crosses the dynamic resistance(DR) there will be an uptrend and price will increase to the 106.76 or above but if candles continuously...
Long positions above control price with targets at 106.60-107.20-107.75 in extension. Hurdle: 105.20 Don't buy below the hurdle line.
USDJPY is trading in a falling wedge pattern. As price is trading in a narrow range soon, we will see price breakout from a falling wedge in USDJPY. USDJPY is trading below its support 1, so we might see a downside in USDJPY and the first target for downside will be the support line of the falling wedge and the second target will be support 2. If the price breaks...
USDJPY is trading in the Descending Triangle pattern. If it breaks out from the descending triangle pattern, we might see further downside on USDJPY towards support line 1. One can initiate the trade on USDJPY on the breakout of the Descending Triangle pattern only. If You Like The Idea Do Follow/Comment/Like For More Quick Update Note Trade With Proper Risk...