USDJPY Aloha peeps. UJ seems to be making a very strong come back. If you read my post yesterday, you'll remember upwards momentum came to a hault showing stronger bearish movement. We ended up retracing to 108.63 which is a 23.6% fib retrace and responded right back with another bulls rush. we continue with higher highs and higher lows. We should See price...
- cypher pattern - for reserved targets T1 and T2 set - I still see USDJPY as bullish - waiting for it to hit .786 entry point - all the best
USDJPY testing a confluence of horizontal and trendline support, after the pair broke the trendline and made a pullback. Next major resistance at 107.8x.
Hi there, sharing a long setup on FX_IDC:USDJPY Entry criteria: -Monthly timeframe forming a low test/doji candlestick -Daily bullish engulfing / MACD bullish divergence -Intraday descending wedge/channel pattern -Price retraced to the 1h 50 EMA, showing deceleration; -5m pivot showing support I set up an entry order over the next pivot line on the 5m...
- bullish cypher pattern - bullish bat pattern - not entered as of yet as I'm waiting for a 4hr candle confirmation - expecting a strong retrace to the 618 fib set from the cypher pattern D leg - will trail my stop once its in motion - RSI oversold - ASL will be 40 pips Goodluck!
The market is still technically downtrending on the weekly despite continuous testing of the existing (blue) weekly trend line. Both the daily and 4 hour timeframes show that the pair is moving sideways. As a result, this indicates a market neutral approach in the short run. We can open "pattern" positions inside these consolidation zones to benefit from short...
After breaking the weekly resistance trendline price found resistance at around 114.000, retested the weekly resistance and looks to be back on its way up. From the 1H view we can see that the bearish trendline and previous short term support (in blue) has also been broken, triggering a long position for me. I could have waited for another retest but we will see...
USD/JPY Long For NFP www.tradingview.com USD/JPY
Looking at pricing history for USDJPY, is in a consolidation range and seems to follow a similar pattern of alternate monthly highs followed by alternate lows between 108 and 114. Expect price reversal opening few days on the back end of increasing Korea tensions and small backlash from NFP last week. Look for retrace to 109.563 before taking a Long position to...
As stated on the chart we can see that the price is at a key level, which acted as a turning point in the past and could do the same now as well. As we speak the price action suggests a Morning Star Formation on that level, should the candle close where it is now or even higher. With the tensions on the geopolitical level easing (we can clearly see that with the...
USD / JPY trades in range on Daily chart. Looking on monthy chart we can see possible rally in the future. I see this as bullish opportunity. Wait for price to come down to lows at 108.300. Set your target at previous tops. :)
With the bullish confirmation candle appearing in the daily chart today, I'm gonna take advantage of the consolidating USD and go long in USDJPY after the ADP Employment Change news today at 8:30PM (GMT+8), with TPs at R1 and R2 pivot lines in the current period, and SL between S1 and base pivot lines and manually close the open trades if they don't hit the TP or...
-Potential breakout from bearish trend - Crossover in 1hr & 4hr MACD confirm this breakout - Be wary of retest of the daily resistance which I will look out for before taking position - Be wary of economic data coming out of the US 19th July 2017
- Trend breaks out of pennant formation and breaks past daily - the trend has now retested the new daily support which I believe will lead to a bullish movement towards new resistance - will look to take this position if the next couple candlesticks signal bullish movement in the 4Hr timeframe
I think there's a chance of USD/JPY going long if there's a break through the first red resistance line, however, if it falls beneath the black line. Possible short. Blue lines = supports
This is my analysis for USD/JPY. All needed information is in a chart. Happy trade.
Hi traders. The focus is most certainly to the upside on USDJPY following the well-anticipated break of the trend line resistance as shown below: No surprise there. With that being said we have already surpassed r1 and are sitting just under r2. Intraday traders may want to wait for a break above r2 and look to buy a pullback to r2 on the flip side as support....