USDJPY buy opportunity USDJPY was in consolidation and i think it's going to go this time to complete a three wave pattern.
Usdjpy4hrs
USDJPY PROJECTIONSI see a new high has been made extending past the kneckline of double bottom
I see a possible retest of the channel support.
EMAs still show a steady upward trend.
I wouldnt call short until we see this retest has succeeded.
If it fails we could see new highs.
my Target is around 117.5 long.
Im going to wait and see for any shorts. too early to say imo
USD/JPY WedgeThe dollar and yen have both been on the rise so I expect that UJ can range some more unless we get more imbalance from the Dollar. I'm interested to see how Trump's new tax plan will effect the rate as well as the planned rate hikes this year. We could see some volatile moves. For the time being if we stay within the wedge I will be looking to go long as short term. Though I am more neutral long term.
it seem a chance for long on USDJPY with 3 Targets.........downtrend broke out and revisit has been done with bullish candles.......wait till we see the market opening and with extra bullish candles we go LONG till mentioned 3 targets.......SL to be 20 pips (or how you manage your capital) bellow last support area
USDJPY : Reversal Pattern ApprovedRefer to previous analysis :-
Now, as promised, I have checked the S.O.P of reversal pattern. It's now valid.
Pending order is placed. Wait the price to take the supply before jump down.
Good luck
@scandicfx
USDJPY : Potential Reversal ZoneI will find reversal pattern in this area.
Get you guys updated.
I wish i won't miss this time..
Good Luck for Us..happy trading.
@scandicfx
How you can trade USDJPY for this weekI'm neutral about USDJPY because I'm not sure about who will be stronger next days, dollar or yen
USDJPY SELL OPPORTUNITY !FLAG FORMATION REPEATING ITSELF SO I AM WAITING TO GO SHORT AND MY FINAL TP WILL BE 112.500
USDJPYwe have a bilateral chart pattern on ujsdjpy .. these are tricky because these signals that the price move either way
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!
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
USDJPY short-term reliefMorning traders,
the pair has broken out of the recent Trump bubble, short term the pair is likely to head lower toward the target levels;
110.9
110.2 and
109.75
wider stops recommended.. if we punch through the above, then a test of 107.90 is on the cards.
Please see related ideas to notice that i called the 110 move back in August :)
Your likes and comments are much appreciated.
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.
$/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
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
USDJPY BEARISH FLAG TRADEAS SEEN ON PREVIOUS MARKET ACTIVITY, PRICE HAS CONSOLIDATED A IN BEARISH FORMATION.
MY IDEA IS THAT PRICE CONTINUE TO CONSOLIDATE IN THIS STRUCTURE AND WILL FALL FROM THE 102.800 PRICE LEVEL OR ON HITTING THE 103.800 LEVEL.
EITHER WAY, THERE ARE A GOOD 150 PIPS PROFIT WAITING TO BE TAKE ON THE USDJPY.
