Get started

Usdjpy1hr

USDJPY right on major support, continue to buyBuy above 112.55. Stop loss at 112.00. Take profit at 114.00. Reason for the trading strategy (technically): 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 and displays bullish divergence vs price which is a good signal of the bounce we expect from here.
Long
by theforexarmy
1
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