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Usdjpy4hrs

USD/JPY Long & Short IdeasPrice hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and re-enter on a "Short" until you see the retracement to enter "Long" If price breaks the support line going down continue on the "Short" trade
Long
by mrmyers3133
Daily Market Report - USD/JPY - 10th Feb 2016USD/JPY Japanese Yen sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60 As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60 Mid-Run: market showing strong bearish signals after breaking below uptrend channel which may lead the mid-run toward farther drop toward 106.60 www.tradingsignalreviews.com
Short
by piponomics
3
Forex Market Analysis - 7th Feb 2016 The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show further bearish movement in the pair. If the pair breaks the level of 116.81, then we can expect it to test the levels of 118. INDICATORS:- MACD is sustaining in its negative territory although has crossed on the daily indicating a change in trend in the pair. RSI is leaving its selling zone indicating the upcoming bullish trend in the pair. STRATEGY: USD/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. Please like and comment your ideas and good luck! :) www.tradingsignalreviews.com
Long
by piponomics
1
USDJPY DOWN UPDATEAlongside my previous published idea: I mentioned that if the pair failed to break above 123.44 and close strongly, the pair would fall - and that came true. Currently, we are looking at how the pair retraces the recent leg down - and watch if the pair manages to consolidate back into the month long channel, or fails to do so. I am placing orders to SHORT UJ at 122.3, TP: 120.3, SL: 122.8, risking 50pips for a potential 200pips. IF UJ fails to retrace to 122.3 today, this shows weakness in the UJ bulls, and that the .382 is holding - I will tactically SHORT at rallies. Watch for price action. For more fundamental reasons behind shorting UJ, see my related idea link.
Short
by Jeuvici
1
USDJPY smal uptrend and breakdown.This current uptrend on the USDJPY, although overbought on the RSI is showing strength for the moment on the MACD. I would expect it to ride the trend until the MACD shows signs of weakness and then a breakout on the downside. We could potentially see this breakout at some point next week. Im not trading but i will definitely keep an eye out and see how this one unfolds. every feedback is taken constructively. please let me know what you think and it will be much appreciated. P.S these are only my views and should not be taken as trading advice.
Short
by Gilly