Japan
GBPJPY Towards it self into the next major resistance level GBPJPY been running low and retesting the bottom couple of times and we finally see breakout into the bull side.
Now we wait to see the next resistance to be broken as additional bull power for those among us who buy GBPJPY.
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USDJPY in thins chart i think the down trend continue for the next the price break the support in this point i think in 1 hour chart the price go to MA 800 when the price touch this point the uj bounce and complete the next wave and take a little correction and the go back to down side the target is the next support
SEE THE CHARTS PIC MY SCALPS OPERATIONS IN 5MIN CHART AND THE 15MIN CHART
EURJPY POSSIBLE SHORTS1) Daily resistance zone
2) Downside shifts in MA's
3) Previous/ most recent daily candle closed below resistance zone
, if zone holds + break of ascending trend line shorts to 113.847
4) If support at 113.847 fails to hold further shorts towards 112.354
( May see price pullback into 114.467 when 113.847 is reached to accumulate shorts to take out the 113.847 support level)
EurJpy Bullish Continuation for 280 PipsWe have witnessed in the recent week a beautiful and impulsive range/wedge breakout of the EurJpy. It led directly to the first downtrend line on the topside.
Market rushed down in recent days back to the breakout point and stalled.
I am seeing we are in for a bullish continuation of this multiweek range breakout towards the big downtrend line at around 117.10.
I am long @ 114.25 with a tight 50 pip stop and looking for a move to 117.10
USD/JPY Friendly breakdown, scenarios and entry strategyA breakdown of USD/JPY with potential scenarios for both the up and downside.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Good luck!
USDJPYI THINK THE PAIR TAKE A CONSOLIDATION, THE USDJPY LOOK VERY EXHAUSTING FOR YOUR UPTREND IN THIS WEEK , IN THIS POINT I THINK THE PAIR TAKE CORRECTION TO SHORT BUT IN MY OPINION THIS CORRECTION DONT LOOK FOR A LONG TIME MAYBE THE PRICE TAKE 103.104 OR 102.60
AND IN THIS TIME FRAME I HOPE THE UJ GO UP FOR A FEW PIPS AND TAKE DE DOWN SIDE AND TAKE MAYBE 30 OR 60 PIPS DOWN
PLESE IF I LIKE THIS IDEA I HOPE YOU SHERE THIS AND LET ME KNOW YOUR OPINION
USDJPYUPDATE: THE UJ GO TO GOOD POINT TO SELL IN THE 1HR CHART THE RICE GO TO 100.30 GOOD LEVEL BUT
THE PAIR TAKE A RESISTANCE AND THIS LEVEL DONT BREAK FOR MORE STRONG TO UPWARD,
IN A FEW HOURS IF THE PRICE BREAK THE SUPPORT THE UJ GO BACK TO LOW LEVEL 100.00 IN THIS POINT ANY TIMES THE PRICE BOUNCE BUT IF INT THIS TIME BREAK THIS SUPPORT THE USDJPY MAYBE GO TO LEVELS 99 , 97 OR 95 .
Japan is testing a strong daily support zonePrevious trend line (should act as support) and 3 MA lines will try to support $EWJ breakout attempt
If that breakout is real EWJ should bounce from here higher
If it'll close below the 200 days MA line - BOOM! Crash and burn..
Tomer, The MarketZone
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