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Usdjpybullish

Bullish Outlook on USDJPY- 5 Jun 2023Currently, there is bullish order flow, with higher lows and higher highs created. A break above upside confirmation at 140.80, followed by a throwback to support zone at 138.80, which nears the 78.6% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 142.00, which coincides with the 100% Fibonacci extension level. Price is currently hovering above ichimoku cloud and 20 EMA, supporting our bullish bias.
Long
by shermzT
3-bar bullish reversal on USD/JPYAfter an extended pullback on the USD/JPY daily chart, we think it is time for the pair to revert higher. A bullish divergence formed with the RSI (2) and a bullish pinbar formed on after a failed attempt to break below 130. Being a round number, there's reasonable chance of demand down at that level, and yesterday's up day is part of a 3-day bullish reversal (Morning Star). - The bias remains bullish above Friday's low, although bulls could seek bullish setups on lower timeframes if prices pull back towards Friday's high - or wait for a break of yesterday's high to assume bullish continuation. - An initial target is around the 38.2% Fibonacci ratio / 133 handle - A Second target could be around the monthly pivot / 200-day EMA / 50% retracement level
Long
by CityIndex
USDJPY H1: Bullish outlook seen, further upside above 132.50Price is currently hovering above a key support zone at 132.50 on the H1 timeframe. A throwback to this support zone, which coincides with the 78.6% Fibonacci retracement, could provide the bullish acceleration to the resistance zone at 133.80, in line with the 161.8% Fibonacci extension. Price is holding above the 20 EMA and Ichimoku cloud, while Stochastic RSI is in the oversold region below 20, supporting our bullish bias.
Long
by T3-Consultancy
USDJPY M30: Bullish outlook seen, further upside above 133.20Prices have broken above a key resistance-turned support zone at 133.20 on the M30 timeframe, in line with the 23.6% FIbonacci retracement. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 135.00, which coincides with the 161.8% Fibonacci extension and 61.8% Fibonacci retracement. Price is holding above the 20 EMA, while MACD is showing bullish momentum, supporting our bullish bias.
Long
by T3-Consultancy