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Usdjpy1hr

USDJPY profit target reached, prepare to buy againBuy above 112.55. Stop loss at 112.00. Take profit at 114.00. Reason for the trading strategy (technically): Price bounced nicely and reached our profit target before retracing strongly. We remain bullish above major support at 112.55 (Fibonacci projection, multiple horizontal swing low supports) and we expect to see price make a bounce above this level towards 114.00 resistance (Fibonacci retracement, recent swing high resistance, horizontal overlap resistance). Stochastic (21,5,3) is bouncing nicely above our 8% support.
Long
by theforexarmy
don't say your boy don't do nuffin for yaMorning traders usdjpy tested pivotal level of 100 and also probed the multi year trend support after Brexit in June this year. Since then it has been undergoing a steady up move and it has also met the projected target for a double bottom formation. This pair is now closing in on a multi month descending trend near 119.50 which also happens to be the 76.4% retracement of the whole down move since June 2015. 116.70/50 will be an intermediate support while the 20 day MA at 114.70 will be important. In the event of persistent bullish momentum next key hurdle will be at the multi decade descending trend near 123/125 All the best in the run up to Christmas, don't say your boy don't do nuffin for ya!
by TheBanker
1
USDJPY @ 1h @ >114 (2nd upside trend since president election)Above 114 USDJPY is bullish once again !!! 114.87 USDJPY 1st support line - even buying option 114.77 USDJPY 2nd support line - even buying option 114.06 USDJPY 3rd support line - even buying option I am excepting a exhaling at the beginning of next week - after this cross-rates run away today :) I excepted an outbreak at weekstart on next trading day - even on monday ... How ever, prices under 114 USDJPY would destroy this SetUp !!! Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
Long
by Devise2Day
Bearish White Swan $JPYMorning traders, OPEC's "agreement" caused a lot of noise in markets yesterday, including testing our limits on the usdjpy shorts to 114.70 close to SL. Previous usdjpy longs hit the 114.70 target, as for the covering shorts we leave running for targets as they are now backed up with this bearish white swan pattern on the daily. Wishing all the best to you guys in the month of December, it is festive period so lets make some extra pips. GL and please remember to like and comment. (previous usdjpy ideas mentioned in the description are attached)
Short
by TheBanker
9
USDJPY uptrend continues Good afternoon Traders, I hope you are all enjoying your weekend, many of you have been asking my views on the election results - seeing as I have many followers who are Trump supporters, i would like to start by congratulating you guys on the W. Marginally I thought he was the better candidate, not that I thought either were great.. in the same breathe the amazing thing about living in a country like the U.S is that one person does not single-handedly make all the decisions. In any event moving onto the USDJPY, tactically overbought trend may dip to offer better buy point USD/JPY rally isone to be long and buy on dips. Below we can see the already formed bottom pattern in the daily chart and the trend following bullish signals; Overbought momentum pullbacks to 105.50 or 104.40 can be bought in anticipation of higher technical levels being reached, including 107.45, 108.40 and 111.35. Please see related ideas and success in JPY to understand my previous accuracy with this pair, it is very seasonal to trade and congratulations to all my premium members who have been making the most of the volatility. You will see I did call 110 some time ago, and with ABSOLUTELY no drawdown we are almost there! (Chart is called USDJPY 110 next stop 16th August). Another exciting week ahead, as most of you know my stance on eur.usd already I will also be posting another update for this pair soon. Enjoy your weekend, and should this chart help please support by giving it a thumbs up! All the best and GL.
Long
by TheBanker
19
$/JPY IDEA UPDATE AHEAD OF SEPT NFP!As advised yesterday USDJPY managed to jump above 102.85 where market activate farther advance that will face resistance zone for the downtrend line around 104.30-50 From that zone will expect a drop correction to hit the market toward 101.75 zone Above 104.50 market will face another resistance at 105.00-20 Support Resistance Level 1 102.85 103.75 Level 2 101.75 104.30-50 Level 3 100.70 105.00 See related ideas to gain an understanding of my accuracy with this pair... please like and comment guys, much appreciated. GL! www.tradingsignalreviews.com
Short
by TheBanker
4
JPYGood Morning Traders, Please check previous success with USDJPY to understand my accuracy with this pair. Next leg of dollar rally is likely to be driven by a higher usdjpy. Only a move below 104 would indicate that the current bullish phase has ended. The break increases the likelihood of continuing toward 107.25 - 108.00. This next level includes four separate pivots; i) 200MA ii) ABC from Sep. 27th iii) a 1.618 extension from Aug. 16th and, iv) an quality target from the June low. Fade anything above 108 as this will be an important turning point for counter trend traders. Congratulations to those in my premium trades, and another great week ahead. Please comment your views and your likes are always appreciated and to receive premium trades sign up below. GL
Long
by TheBanker
2