"Top and Bottom Analysis" USD/JPY by ThinkingAntsOk4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price has broken the ascending trendline.
-Currently, price is inside a corrective structure.
-We expect the triangle Trendline to give some type of Support before the breakout.
Based on this, if the price breaks down the corrective structure below 109.750 we expect a continuation of the bearish movement towards the triangle trendline, after that if price makes a new corrective structure on that area we will look for a 2nd downward movement towards 105.300
MULTI TIMEFRAME VISION:
- Weekly:
-Daily:
JPYUSD
USDJPY Wedge and ChannelWhen looking on the left, it looks like the channel might break soon. Because the last bump up (green circle), failed to move above the previous high and already testing the channel again. This increases the chances for a downwards break. On the right we can see a bullish wedge, indicating it will move up short term. Usually, if the direction is down, we should see this wedge fall short of the target. So moving like the blue line, staying below the 111.7ish. If the wedge fails and breaks down, we should see an acceleration down.
UJ Quick +25 pip ShortQuick, Simple, Analysis based on price behavior I've seen over and over and over.
DXY Directional bias is bearish but we could expect a bullish Legg upwards, however I've learned Trends usually tend to keep trending in their direction until major support. So I would say chances are bigger UJ will dump since we went up a lot and DXY bias is still bearish for now.
USDJPY, bulls loosing momentumThe rally is slowing down and today's drop broke some low time frame support levels, so chances are increasing for a drop now. I am going to wait for a better entry and want to see something like the blue line. So moving up, seeing some resistance in that zone and then if it turns down, i will give it a try.
Previous analysis:
USD -JPY long term short on montly - bullsih on 4 hourIf we see for long term prospective the trend is bearish .
it has to come down a lot .
but it will fall down with lot of ups and down .
for short term -> can long upto max 111.477 but take care it can rebound back from 110732 and strong sell can be seen .
if it breaks 109.702 then short the pair. take care of 108.797 strong area can long and get some pips till 109.627 and then again strong sell may happen.
Analysis is done on the gan fan , fibo and price action.
enjoy :)
safe trading
USD/JPY — Bullish Bias With A Major Obstacle NearbyThe relatively easier gains in the pair have been made and it should get much harder to make progress from here on out even if the signals via the DXY and US fixed income continue to support the buying on dips campaigns based on the universal 5-DMA upward slopes we are seeing. The acceleration from Friday stopped on its tracks around the 109.80, with the close unable to achieve any higher levels. This is significant as the level coincides with the backtest of a major swing low from back in Aug 21st now turned resistance.
ETH Bullish and Bearish scenario TA and targets- QuantRsi 1D+12H- I apologize for the chart formatting, TradingView needs to add a preview button and allow chart manipulation during a preview stage. I'm using multiple monitors and the charts looks great until it gets published...
I feel like any bearish sentiment will be wildly unpopular, however the technicals indicate that ETH may be on the brink of slipping into a bearish formation with the potential for a big slide.
That said, there is also the possibility of consolidation and continuation to higher highs, with some pretty bullish short term targets.
Here are my targets and some narrative into how I'm using the QuantRsi and Heffae Cloud indicators to establish these levels.
Refer to the chart and related ideas for reference! Happy trading!
USD/JPY - Selling On Strength Favored As Risk DeterioratesOnce again, the pair saw a vigorous rejection away from a key area of support circa 112.20-30. The correlations continue to provide with clear selling signals as both the risk profile and the US vs JP yield spread keep deteriorating dramatically, suggesting a fair value of sub 110.00 in USD/JPY.
The absorption out of the daily chart is notable, but with sellers still drawing the line in the sand at the topside of the hourly range around 112.60, they remain the clear side in control. Selling on strength at key liquidity areas continues to be a strategy that should keep sellers ‘on the money’ as long as the divergence in valuations remain as clear as they are. If the follow through doesn’t abate, 112.00 and 111.80 are the next objectives to aim for by sellers. Overall, the market still remains in gamma scalping mode judging by the impl vs hist vols, so be aware of fading moves at the edges.
#GBPjpy -- All I want for Christmas is 200 pipsPrevious target level / area was achieved.
This weeks plan:
Expecting the base of last weeks LO's to hold and make moves upwards towards the area between 144.10 and 144.50. All depending on if 143.00 or higher can act as support.
With the momentum needed for this move up, there may even be enough to reach the 146.00 level (Bonus).
Million Dollar Tip: If you're wondering why 143.00 didn't hold the first time and what makes it possible now? Price usually oscillates around certain levels before it shows you what it's going to do next.
USDJPY bear flag breakoutFriday at the close there was an attempt to break up but instead it got rejected and sold of. Now that trend line have been broken and we got a sell signal on the 4H candle as well. If we open around the current price i might short it with a half size and wait and see how things go first. We can still see a retest of that former support line. I want to see that retest succeed first before entering the other half. I have 2 targets, the second one is the blue circle.
Previous analysis: Here you can see why a successful retest is important.