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Usdjpybullish

USDJPY approaching support: Potential BUYUSDJPY is approaching a SUPPORT AREA from where it can BOUNCE HIGHER. The first SUPPORT is at 109 area and the second SUPPORT lies slightly lower at 108.50. So, depending on BULLISH PRICE ACTION, Traders can look for BUYs at 108.50-109.10 with SL below 108.40. TPs can be set at 110.10 and 111 respectively. A lot depends on the current RISK SENTIMENT in the market. So, keep an eye of US-CHINA trade war-related news and how global equities are performing this week before trading and YEN crosses.
Long
by TraderAvDM
USDJPY // CompraTe dejamos ésta idea de trading para que la disfrutes. Es esencial que esperes a la zona de entrada para asegurar un mayor beneficio y respetar nuestro Stop Loss. Riesgo/Beneficio 1:4 Espera el movimiento, entra en la operación y disfruta tu ganancia. Con nuestro grupo privado damos estructura, zonas de compra y venta y todos los patrones que utilizamos para entrar en una Operación Segura. Para más información, visitanos en Instagram como: Mentalfxacademy.
Long
by MentalFxAcademy
USDJPY Bullish Wedge Forming - Early Buy Opportunity (Long)We sold this position for a target of +50pips and exited early at +35pips after we found strong resistance on the 4-hour EMA50. Lower timeframes suggests a sharp pullback and as we look back over the charts we can see the EMA50 has historically provided a solid ground for dynamic support & resistance. With this in mind and the higher timeframes being overall bullish. I decided to exit my short position early and take this opportunity for an early entry into a long position. I anticipate a bullish break of the current wedge, in which price is now moving back up into as we speak. My entry is @ 111.544 - for now, I have taken a very small position and I will look to add to this position, where possible, as the trade develops. Daily View: 4-Hour EMA50 View: 4-Hour View (Strong Support/Resistance Level): 15-Min View:
Long
by AEFX786
USDJPY - Bullish bias off of key support areaIn the USDJPY pair price has reached a critical support area and I am not watching for any sort of price action candlestick or pattern to get long. Price has been in a strong bullish trend for the last few weeks and while price has pulled back quite a bit since last week the bullish bias is still intact. Prudent price action traders will be watching for any sort of long signals to buy into the overall bullish trend. If price were to break below this key level and hold I may switch to a more bearish bias and begin looking for bearish price action from levels of resistance. Although that has not happened yet and I am still looking and bullish price action setups.
Long
by krugman87
USDJPY Buy SetupOn the daily time frame for UsdJPy we see that it has been trading in a tight range for a while. Also we see that the current candle is above the upper range. This is an indication of a possible break out. Since its the daily time frame we need to wait till the end of the day and see if this candle still is above the upper range. If its not then it could be a resistance rejection followed by a wave down. Another bullish sign is that the indicators are also making a bullish crossover. Making a break out of the upper range very likely. Entry: Wait till 1-2 hours before market close and see if the upper range is still broken. Or wait till market is closed and open a buy trade on Monday. Take Profit: 114.20 Stop: 112.50
Long
by JoshFX1
USDJPY New DowntrendUSDJPY on the daily time frame seems to have entered a new down trend. You can see that the lower range of the previous uptrend has been broken and its now forming waves of the new down trend. So what your now basically are seeing is the a blue print for the new trend. Since its now at the stop of it close to the upper range and the Stoch is very bearish its a good time to enter a sell. Best way to trade a trend for a longer 1-2 week period is to start small with a big stop around 80 pips. Then when you made 60 pips lower your stop to entry and add a 2nd position with a 60 pip stop loss. Continue doing this and after you added 2 positions (so 3 positions total) you are fine and cant make a loss anymore while you keep stacking up new position on which your profit will exceptional grow while the trend goes on.
Short
by JoshFX1
USDJPY : GOT SOMEBODYHi traders, (As always, our students got notified early about this analysis) King Dollar crushed every pair yesterday, creating a new trend. UJ somehow was one of the smallest intraday movement I saw. I guess that weekly (almost monthly) resistance got in his way. The trend is your friend and it will be ours today too. This is either a triple top or we are on the brink of blowing this thing open. Here's what I'm thinking : USDJPY LONG: ENTRY : 114.07 SL : 113.46 TP : 117.542 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
!The actual possibly is high!Multiple reasons lead to the idea of a UJ long situation over a short. First is USDOLLAR INDEX is testing a support as seen on the right chart, while USD/JPY is testing as well its own support line. JPN looks exhausted and needs to take a nap most likely. --------------------------------------------- Fx - USD/JPY Chart timeframe - 6hr Area of interest - 109.5, 114.5 Potential target 1 - 112.75 Potential target 2 - 113.5 Potential extended target - 114.5 --------------------------------------------- Trade Safe everyone!
FX:USDOLLARLong
by DMC