POTENTIAL UJ LONG IF PRICE BREAKS WEEKLY RESISTANCE AT 108.5LVLThis trade will be valid once price breaks the weekly resistance level at 108.5. If price breaks this zone, it will likely retest this level once before flying up to the higher resistance level at 113. It is better to catch this trade on the retest as it will serve as confirmation, increasing the likelihood of your trade winning. Note, this trade is not valid until the resistance level is broken and retested at least once. However, if this level is not broken, it provides a potential opportunity for a short position.
Uj
Posibbly Buy area. UJInterested in buying , Daily and 4Hr Time frames show buyers market (Always buy in an uptrend) As well as support and resistance levels.
The only thing I'm waiting is for it to create a possible Bullish engulfing pattern on the 4hr tf and as well as Break of structure on the M15.
Will keep updating.
4 HR UJ BREAK DOWN - BULLISHUJ is has just broke the 106.815 MPZ (Major Prize Zone) after displaying 2 bullish candle formations on the daily chart. Long term TP is @ 108.300 based on a 168% projection off of the PRZ (Prize Reversal Zone)
UJ looks like it will remain bullish throughout this week as it takes on a bullish popular trend.
LONG ON UJ SOON?LONG ON USD/JPY!
The Dollar has been depreciating against the Japanese Yen for some time now, however I believe that we will be able to go long very soon. Prices could ascend to highs of 108.00/110.00 , this might happen in the next month or so, our TP's are realistic and prices could potentially beat our expected Target Profits!.
Let's wait and see guys!
I'll provide updates on this, as time progresses! (Stay Tuned Guys)
TP: 108.00/110.00
UJ TESTING RESISTANCE BEFORE FURTHER DECLINEUSDJPY is attempting a recovery but with the medium term up trend broken the broader outlook remains bearish.
Might retest 38.2% fib before a deeper usd sell off against 1H2018s bullish yen
(Charting is a combination of Credit Suisse & Goldman Sachs private analysis)