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Usdjpy4hrs

USDJPY Completing Wave MovementPair is doing a pretty amazing movement so it is very challenging to make predictions. While doing the movement down the pair is stuck at 104.500 and again move up towards the resistance line at 112.900. This movement is quite promising as the final complement of the rising waves. If the price does not move down to the level of 106,700, then this movement will be confirmed and direct to the wave completion. It is currently a promising level to make a purchase and its take profit level is 111,700 for some time to come and a good stop loss point is 109,000.
Short
by fXVolume
USDJPY Bulls or Bears.....?Neutral view at the moment, as we had a break of the ascending trendline on Friday with a retest of this trendline just before market close. Moving averages were set to cross but this could just be a fakeout . The daily timeframe shows a very close rejection of the same ascending trendline, however price has ranged since the end of April. Daily candle close Friday producing a Doji pattern so indecisiveness between Bulls and Bears. Patience with this pair will pay off.
by JordanWillson
USD JPY - Towards an interesting zoneMorning traders! Today i'm going to post an analysis about USD JPY , in 4h timeframe printed a resistance in 108 zone, at the moment is going upside from march , from the low in 104.71 zone, but is going towards 108 zone that's an important confluence zone , here will touch the rising wedge and the previous highs. The direction isn't clear yet in my opinion , will wait for today's american data and then i'll be able to understand the direction will follow in the next weeks. Upside above 108 , downside towards 106 zone. Let's wait!
by maro9392
USD/JPY SHORT Opportunity On The 4 Hour ChartUSD/JPY is set up for a good short opportunity. It has broken through and now come back to re-test a major 4-hour resistance zone. If you look at the 5-minute chart, there was an uptrend that broke right at the end of the week so I will be looking to short when this week opens. The blue lines below the zone are 3 TP areas. PLEASE NOTE: I don't usually use a stop loss except to lock in profits so make sure to choose your own stop loss. I typically wait for a 4-hour candle to close beyond my stop loss before I exit. This way I don't have to worry about wicks/being faked out. LET ME KNOW WHAT YOU GUYS THINK ABOUT USD/JPY IN THE COMMENTS SECTION BELOW!
Short
by Jabest
1
USDJPY H4 *Short Opportunity*A nice close on Friday afternoon of a Bearish Engulfing with not much bull power being shown in the remaining hours of the market, closing at 112.085 . On a 1 hour timeframe a head and shoulders has been created with the pair following suit and continuing to fall, adding to the strength of my short sentiment. US news is pretty quite until Tuesday afternoon so could provide some nice opportunities the start of the week before the Fundamental Frenzy kicks in! The RSI is converging with the chart and respecting a nice downtrend also, with the Stoch sitting low but think it will hold. There are two ways this could go, but the result I believe will be a short. We could see a retrace back up to the 112.600 area before continuing it's fall down to around 111.270 , if the monthly support is weak and gets wiped out. If the price shows no stopping past the monthly support level, we could see this pair rally down to the 110.25 region. Commitment of Traders also showing a positive long hold on the YEN therefore backing up the continuing fall of the Dollar . I have a pretty strong sentiment towards the bearish engulfing holding out and the price pushing more to the downside.
Short
by JordanWillson
USDJPY Long + Short Beta Setups Based on 4H, 1D + 1W ChartsThis is a test setup of my own for the USDJPY , not something I would recommend anyone entering a trade on without doing your own analysis. On the short I have a target of around 88pips and on the long I have a target of around 220pips. We've had a bullish crossover of Moving Averages on the 30Min chart and on the 1H I can see that price is respecting to stay above the EMA50 and moving into an uptrend, making lower lows, preparing for a bullish crossover of moving averages on the 1H chart as well. On the 1H chart we can see price is just starting to move up from the lower bollinger band and we're seeing a bullish crossover on our stochastics at 10% oversold. Combined with MACD we see good momentum with plenty room to break to the upside. On the 4H chart we can see a bearish crossover on the stochastics at 80% overbought, diminishing volume on our MACD and price has moved down from the upper bollinger band towards the centre, suggesting room to move down. On the 1D chart although MACD is showing good volumes of sellers, deeper analysis would suggest sellers are dropping out and the buyers are soon stepping in. We can see price has moved up from the lower bands and a bullish crossover on the stochastics, which go hand-in-hand with our analysis for another leg up. Overall, we're seeing mixed signals and in my opinion... with a bullish bias. I will be waiting to see which way price breaks from the lime-green trend lines and after the break, I will be waiting for price to break either of the major support/resistance lines in red which I have made thicker and in bold. I'm waiting for price to close and bounce off from either of these positions to determine which way I'm taking this trade. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below, share your views on this beta test trade and Like if you agree with my analysis.
by AEFX786