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JPYUSD

USDJPY Warming up for a stop run and then DUMPThe Samurai are planning a surprise attack on Dixie. So we have: - A few highs resting just below a significant breaker (or just plain broken support that should now be resistance), creating a liquidity pool just above them (everyone who went short around this level now probably has their stops above that high. - Void left by the inefficient move down - Confluence with DXY since it broke some lows recently, making it more bearish . - The breaker I outlined above falls right on the .705 fib retracement for this whole move. This makes it a perfect candidate for a short play once it reaches that .705 level. I can see two targets here with decent R/R ratios, marked on the chart. Original idea by Svarog
Short
by TradrzHQ
Range trading: Forex as for 26/10/2018Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1303 Long position 2 (The price today will not fall below this mark with a probability 95%) 1.1281 Long position 3 (The price today will not fall below this mark with a probability 99%) 1.1259 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1435 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1457 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1479 GBPUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.2726 Long position 2 (The price today will not fall below this mark with a probability 95%) 1.2701 Long position 3 (The price today will not fall below this mark with a probability 99%) 1.2675 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.2910 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.2936 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.2961 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 111.79 Long position 2 (The price today will not fall below this mark with a probability 95%) 111.57 Long position 3 (The price today will not fall below this mark with a probability 99%) 111.36 Short position 1 (The price today will not rise above this mark with a probability of 68%) 112.77 Short position 2 (The price today will not rise above this mark with a probability of 95%) 112.99 Short position 3 (The price today will not rise above this mark with a probability of 99%) 113.20 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
USD/JPY testing support line - Opportunity to go Long!Hey guys - In this chart you can see that USD/JPY is supported by a strong horizontal support and a potentially strong upward trend-line. Keep an eye on this key area for your entries. My entry will be at 111.7 - I will be looking for a take profit of 114.0, however it has potential to rise higher than my TP - I will place my stops just below this support zone at roughly 111.3. Although this technical analysis seems to be pointing in one direction - BE CAREFUL - We do not yet know whether the dollar has finished its correction cycle. This is not investment advice. Losses can exceed initial deposits in trading. Good luck!
Long
by StirlingBishop
08272018 DXY Price Action Analysis Short term(1) On 30 minute chart, dollar has Dollar has retested its support level, forming short-term Structural Support. (2) On both support level, engulfing candles have been formed, showing buyers are in control short term. (3) First group of sellers will come in psycological resistance level, where there's fib level confluence - and, of course along with major trend line. (4) Upon surpassing aforementioned psycological level, this level will flip into strong support level on dollar's uptrend move.
TVC:DXYLong
by Adongdong
USD/JPY indicating possible continued correctionHi all, Thanks for viewing. I am relatively new to TA and am not a professional. I am very new to FOREX and generally don't see it as an investment vehicle of preference. I am not currently in a FOREX trade. I am also not super careful with my wave degrees, only aiming to show smaller and larger degree trends, and avoid some wave degrees because I feel they clutter the screen. This is posted to further my own technical analysis education and is based on looking at the chart for about 10 minutes. But this is a potentially very profitable set-up and I may not be able to ignore it if this scenario ends up developing. Situation; in 2012 the USD started a bull-run vs the yen that ended peaking in 2015 +60% at ~126 yen / usd. FOREX is often described as having insufficient volatility to be profitable to trade - but that is quite a bull run. It also may have gone a little too far - as evidenced by the 2015 to present correction. My view is that the correction is a little over 50% complete. The A wave doesn't seem to resemble a single or series of zig-zag corrections and on the face of it appears to have been a 5 (larger degree) sub-wave corrective move to form wave A. If my view is correct we also may have the wave 1 and maybe even wave 2 peak in place of wave C down to ~90 yen / USD. If I enter it will be on a break below the wave 1 peak as this holds the lowest risk of a relatively close stop-loss not being triggered. When the price has dropped quite a bit I will lower my stop to the break-even point and let it ride - unless I decide to play wave 3 and 5 separately. The green box for the end of wave 3 is just a zone to track the progress of this call. The larger green box represents a 1:1 extension of wave A extended from both the wave B peak and also from the start of what I wave termed wave 1 to give a possible range. It is confluent with between the 1.618 and 2.618 extension of what is labelled wave 1 in wave C. My expectation is that, if this develops, wave 3 (most likely - as in wave A) or wave 5 is likely to be extended. Saying that, price may fall short of the 1:1 wave A extension, or it may even exceed it. I for one, will be very interested to see how this all develops. This scenario is consistent with my previous post on the USDX, although was arrived at independently.
Short
by flyinkiwi10
USD/JPY, Daily Chart Analysis 8/1Implications and Outlook 1. The Japanese Yen remained on the back foot following the BoJ (Bank of Japan) pledged to maintain rates of interest extremely low in the meantime - right after its most recent policy assembly on Tuesday. 2. Even though the rapid climb looks to be moving ahead of itself, there isn't any indication of lack of strength at this time; then there is scope for the present currency muscle to keep to extend toward Key Resistance 112.870 . 3. On the downside, Key Support is at 109., but the only break of Mean Support of 110.990 and Mean Support 110.440 would suggest that the major short-term top is in place by fulfilling Currency Dip 109.900 . 4. Current Currency Strategy Bias: Bullish 70 / Bearish 30
Long
by TradingSig
JPYUSD - Weakness continues to dominate as new lows formThe JPYUSD chart presents an interesting formation in regards to Elliot Wave formation and Fibonacci price theory. One could argue the current lows MAY form support given the past price action. Yet, I believe this weakness in price will likely continue for some time forward as I don't see the Japanese Yen developing any true support at this time. The dynamics at play in the global markets are that most foreign currencies are considerably weaker than the USD. Thus, until some dynamic changes where the USD strength is perceives to be weakening or the individual market for the regional currency is perceived to be an opportunistic buy (think Brazil), then overall weakness will likely persist. I will be posting a series of currency chart updates over the next few weeks for those that are interested. If you like my other charts, follow me on TradingView to stay aware of my posts/comments.
Short
by BradMatheny
USDJPYHi Guys, As you remember i had short-term and long-term scenario in my last USDJPY analyse.You can see them here: We are still in play like what i expect and close to an important moment now.as you see in main chart we are still in bearish wedge and near to testing that triangle as support.This test can show us what will happen in near future. After reach triangle price can show several reactions.First one that i really prefer is to not break it and just break the wedge and continue to move along (and above)the triangle(dotted line).But we have a bad bearish sign in MACD that can be dangerous.Second possibility is that price jump again after reach triangle and wedge line and make another swing in wedge.And third one,is a totally short chance.After test of triangle if we break it,we will enter it again and drop to at least 106.This is a logical possibility with that bearish wedge.Look at chart bellow to see all 3 possibility: I will update it as soon as i find new sign. Good Luck
by Peymana71
5
USDJPYHi guys,we have a short term look at USDJPY and a long term prediction. As you see in my chart i have a bearish wedge in blue that show it's time to short but in other hand i have a long term Symmetrical triangle that is a continuation pattern,we had a break out of it but one of the important part of these triangles is fake break outs. So my first target is 111 in favor of bearish wedge and after a test of triangle as a support maybe we continue upward to black dashed line but have many resistance in way and i think we will break triangle and enter that again. I will update this post with any new sign but what i'm sure about it now is a little drop from this area. If you want to short don't forget stop loss. Good Luck.
Short
by Peymana71
5