USDJPY-SELL
USDJPY POSSIBLE sell tradeConfirmations:
Possible 61.8 fibo
Possible confluence between 61.8 and the 110.300 price that is actually a strong s/r zone
Possible 50 ema retest
Flag pattern in the retracement
Possible common 'the price breaks a resistance, then goes and make a retest now as a support and goes all the way up again.
USDJPY Sell IdeaD1 - Bearish convergence, currently it looks like a pullback is happening.
H4 - Price has reached the critical area formed by the downtrend line and the resistance zone. Potential bearish divergence.
H1 - Triple cycle up, price has reached the critical zone formed by the fibo levels of the cycles. Bearish divergence.
We may now look for more evidences of bearish pressure in order to join the bears.
USDJPY Short1. The era of overactive BOJ intervention is over.
2. Capital managers buy JGBs on an unhedged basis.
3. CHF is also no longer an EU-specific safe haven strategy.
4. Concerns about a US-Japanese trade war increase.
5. Widen trading band for 10-year yields or shorten the duration of assets purchased.
6. Kuroda starting to engineer the 10-year yield higher.
7. A sharp contraction in China, the greatest macro risk in the region.
8. The political standing of Prime Minister Shinzo Abe.
9. The Bank of Japan made a small cut in its buying of 5-10 year Japanese bonds.
10. The current stance of BoJ to a certain extent hinges on Abe staying in power.
11. A fast rise in the yield could trigger risk aversion, sending the Yen higher.
12. The BoJ is reducing its bond-buying program for the first time since 2016.
13. PM Abe’s Liberal Democratic Party retained the two-thirds majority in Oct’s general election.
Source--Fxstreet
USDJPY SELL SETUPPada USDJPY D1, terdapat trend naik keatas dan telah terjadi rejection di trendline atas ditandai dengan candle reversal engulfing . trend ini juga berada pada wave ketiga pada uptrend yang jika terjadi rejection dan terkonfirmasi maka harga akan turun.
Kemudian pada TF H4 juga terdapat trend kuat keatas yang telah tertembus .
Pada saat ini sedang membentuk koreksi di TF H1 sebelum kembali jatuh dengan target support dibawah.