USD JPY shortWeekly TL tested
Possible double top on 4h (DAILY major supply zone)
Divergence 2hr
MA crossover + Breakout of TL on 1hr
4-6 confluences
Ujsdjpy
USDJPY short-term rellief Monday 05-122 points for short TP 113.27 or if extreme 112.5 What will it be ---- Than we go on UP 118
USDJPYUSDJPY has formed a base just below monthly support around 100.052, recent price action would suggest that the pair is in early stages of reversal as a key trend line has also been broken. Price is currently testing monthly resistance at 106.131 a break of this level and we can potentially see this pair reach highs of 111.207 in the not too distance future.
USDJPY LONG. Fibonacci set up.I believe that USDJPY is going to break retest the resistance above. Once a clear new support is found the next target will be the 107.947 level. I have found my target not only through structure, but also through using the fibonacci retracement tool.
USDJPY - pullbacks from SMAJust look how amazing 34 SMA works here. I've got a short trade from 102.93 and I'm going to sell more next week.
USDJPY - possible wedgeThere's a possible wedge in progress. If we see a pullback from the lower side of this pattern, there'll be an opportunity to have an upward correction.
USDJPY bearish???I think USD/JPY will be bearish first - the bands have contracted a narrow range that we can see on the graph. So down first and then bullish.
This is my first time using Bollinger Bands. Feel free to comment and to give me your opinion.
USDJPY - possible diagonal triangleThere's a possible diagonal triangle in wave 5. If we see a pullback from the MA, there'll be an opportunity to have another decline.
USDJPY - bulls are still here The market is going to form a local correction, but bulls will try to deliver wave 5 later on.
USD/JPY shortLooking at a further short on USD/JPY.
Price has failed to hold above 102 and is looking like the daily close will be below 102. Although today was a UK bank holiday I still feel it indicates USD weakness agains the yen.
We could see a push towards the descending trend line, however, I will look to short if we break below Fridays close of 101.759.
Stop at 103, first TP at 100.5, second TP at 100.
USDJPY SHORTSimple technical analysis, with a flag formation on the 4HR chart with a simple breakout and retest i will be looking to enter next week.
On the weekly chart there is a void to fill.
If we get a solid break of 100, there is downside room to stops shown
JPYUSD is in a bullish ascending triangleThere has been massive resistance at 0.0099. Watch for a possible breakout up.
USDJPY Short +80 pipsUS Dollar vs Japanese Yen's Wednesday morning Comment:
Following a higher surge during the Asian session early this morning. With the pair gained nearly 69 pip. The Yen pair continue's to move down in a strong BEARISH trend as it did for past days ( view Daily chart below ).
On the other hand. USDJPY is holding well below the long term 200 days simple moving average (that's why we dont recommend any long trades on the USDJPY for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation of the the well establish BEARISH trend.
CONCLUSION: As per above general BEARISH trend; Only Short trades to be considered following completion of any counter trend rising correction on the 30-minute chart. (Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving average (red dotted line) the on the 30-M chart ). For the final Short entry signal please watch for the coming vertical Key Time Reversal Zone on the 30M chart (as presented on 30M chart below)
(c) This pair review has been published by TFF (TM) Forex Scanner Analysis team trendfollowingformula.com on Wednesday 2016.08.03 08:30:34 (GMT).
UJ DE-THRONED BUT SOON TO BE EN-THRONEDYesterday We noticed so much strength in USD & Euro Seems to be stronger today but dollar don't swear it 'cos JPY is vulnerable
UJ Monsters Months Plan This is what I think wil happen , keep the TP a long way away ,,, I keep it on 108 for the long on 116
OH! MIGHTY UJ WHERE ARE THOU? UJ seems to not care but continue to drive down south....
I am afraid UJ might go all the way south to 106.718 (God forbid!) - IMHO - I do not pray for this to happen as it may affect all emerging markets, but it can't be rule out either.
113.2 is fast approaching and 106.7 possibly could transpire by the end of this weekend (God forbid)
