USD/JPY has reached a bigger resistance area. The price could well still go up higher into the resistance area, however a turnaround to the downside is likely at current levels.
Outlook is bearish for the next few months. Watch lower time frames before opening sell position. Good Luck :)
After looking at the chart on USD/JPY appears to be a nice short play from 110.73 to possible 107.80 showing a little resistance at 108.10 but expect it to pass through to 107.80 area.
USDJPY is pretty much the same too, The trend is looking very bearish for the pair. I do expect price to move up 15-20 pips during London/NY session before it actually moves. SO we'll place two trades, one for now and a sell limit if price actually does move upwards and reverses for the perfect entry. USDJPY SELL start: 109.772 stop loss: 110.325 take profit:...
I've been short risk pairs for the past 12 months or so and as I see it at the minute there is no reason to change my views. IMO The market has gotten a little ahead of itself after Trump stepped back from War with Iran yesterday. For me there are still numerous risks ahead in the coming months, Manufacturing is still winding down in most major economies (last...
105.5 TP 109.7 SL Also the last few years have seen big drops around year end, not that that should be a determining factor.
Hello Everyone. I see a sell on USDJPY coming up ^^ Its on a sellers market a couple of things that I'm waiting on are for the retracement to be around 61% followed by a BOS on smaller time frames. As soon as it reaches my preferred area I will be looking for that small time frame break of structure. Also, I don't know if you notice that I put a small green...
My Friends, Price is over bought, Approaching Resistance and forming a change of trend, Good Luck. *Trade at your own risk.
the price is being rejected at level 50 of Fibo and being under significant resistance it is predicted that the price will fall to 108,302 with a distance of approximately 109 pips. I am quite new publishing my ideas.
The USD/JPY currency pair price is creating a symmetrical triangle pattern on the daily timeframe going down even to the lower timeframe. The price has already exploded down after bouncing off the descending trendline forming the triangle, however, it seems as if some buyers are trying too hard to maintain higher prices. There is also an ascending wedge /channel...
Recent rejection at resistance levels show reversal for the USD/JPY pair. We look to enter short positions at the 113.400 handle at the break of support line.