Usdjpy1h
USD/JPY 1H👋 Hello and welcome traders to another trade
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long USDJPY @ 1h @ trading capability for this 52nd week `16Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
USDJPY 1H Short DowntrendAs predicted in our previous analysis of USDJPY, the pair is currently retesting the 200 MA.
Here we believe bears will give it another push back down towards the bottom of the current downtrend.
USDJPY has made lower lows since coming out of the original uptrend (purple), and we expect price to respect the current downtrend (green) before breaking further towards the TP Zone.
We have a nice setup here with a tight SL just above the trendline for minimal risk and maximum reward.
Trading Ideas:
Short at 200 MA
Long if price breaks trendline up
USDJPY 1H FORECAST (BREAKOUT)USDJPY has just broken down from it's uptrend and now looking to test S1.
We expect price to go further and test the 200MA, before it breaks and we see further downside towards S2, which is the long-term TP.
You can enter a short-term or a long-term play, and use the support levels as confirmations and SL points.