Japanese Yen / U.S. Dollar
USDJPY is unstoppable. The pair is growing sharply from the beginning of the year. Here are two important historical points for you to watch. 118.2 - 118.8 is a 6 years' high. The price is currently approaching that structure and with a high probability, we will see a pullback from that. Trading against the trend you...
As it can be inferred from the chart, a massive ascending channel has been formed and the price is currently testing the upper boundary of it. Just like it is written in the books, after a massive impulsive move, a correctional move should happen in order to complete the pattern. We are expecting for the price to form a nice top and drop all the way down till the...
As many of you may know, FX:USDJPY have been in uptrend for a while now BUT NOW it's actually testing a strong supply level. 1-) In our perspective , USDJPY is testing a very old supply level 2-) it doesn't mean to sell but keep an eye for potential reversal signs (shorterm) 3-) JXY IS ALSO IN A MACRO DEMAND LEVEL. Disclaimer: This is not a financial...
After a big significant growth, price has reached the strong weekly resistance zone which has been existed since December 2016. Currently, in the 4H time frame, we can see a downside push on price and it seems like it is making a reversal double top pattern. There is a yellow support level at 117.790 which is also the last price low. If price breaks this level...
USDJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
In today's Live Stream we took a look at a CTS Structure trade on the USDJPY Daily/4 Hour Chart. CTS stands for "Combined Technical Score" & it's essentially a way to quantify the things that matter to you most on a chart so that you're consistent in your analysis & in the type of trades that you value/take. For more on the CTS check out the March 15th Live...
#USDJPY Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it: Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation 1st support: 115.252 Next Zone area...
This is not financial advice. This is for only my private trade plan. If you have follow at your own risk.
uj short. stop loss cock size. target 117.420 - blaze it. have a good day.
Since the recent market expansion on USDJPY we have seen a fake breakout reaching a high of 118.452 and it has been up and down since it reached this point. With a more than likely rate hike on the way from The Fed, and optimistic news from the Bank of Japan. I think we could see a return to about 115.500 level at least. I speculate that this is a situation that...
We are on a sell. M30 has disrupted a lower low pattern and mitigation has taken place. There is also a break of structure as clearly seen on D1
Looking good, very nice they want more so imma just say random shit right now lmaoo
sell coming up usd jpy has been bullish for long but some retracement has to come see a double top
Overall, USD/JPY is trending upwards. Currently, USD/JPY is testing the resistance zone of 118.000 and the next support zone is at 116.000. Look for short-term buying opportunities of USD/JPY if it breaks the resistance zone of 118.000.
Obviously bullish for now until the next monthly trap moves are present for high of the month
the price is too close to the weekly resistance, so we expect the price will reject it making a correction at least to the 38.20 % Fib from the long leg. so we should wait on smaller TF for a clear momentum shift to the downside. if the price break and closes above the weekly resistance, this scenario will fail. <<<<<<< like and follow >>>>>>>>
FOREXCOM:USDJPY seems to be stablilizing at the top of this pitchfork and I will probably be taking a short to the centerline. H4 The RSI on the H4 does not look favorable right now and I'm waiting for it to flip overbought. H1 There was a Bearish divergence on the RSI up until 15 Mar. M30 The entry zone and a...
ahed of the interest rate decision by the feds, the technical analysis on usdjpy is showing potential sells on the market. This should be considered a high risk entry as we will only depend on the interest decision. PUT A TIGHT STOPLOSS!!!!