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Usdjpybuy

USD/JPY may drop some before it rise againNote: USD/JPY is in uptrend, there is no doubt here. So, selling USD/JPY is risky. The FED is raising rates and BOJ is still holding their negative rates. So, as a carry trading method JPY is much weaker than the USD. And BOJ already says they are not going to raise rates anymore. Now the question may arise, WHY am I in sell mode in USD/JPY. Reason is simple, Everything has a limit. I think USD/JPY has reached its limit. As long as it didn't break above the 135.30, it is not going to up more. If you see its last few days moves. The USD became strong against most of the major currencies but couldn't against the JPY. That means the current price zone matters to the investors. If you think my logic is not strong, please you can skip it... I think after tomorrow's rate decision the USD will be weak. Because the market is priced at a 75 BP rate hike. But my mind says, the FED won't raise 75 BP. rather they will rise only 50 BP.
Short
by Gold_Trading_Expert
4
USDJPY – SPOT: Double Bullish Pin BarsUSDJPY – SPOT: Double Bullish Pin Bar Signals (Double Bullish Pin Bar + Inside Bar Combo Setup) Price Action: Price formed two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) late last week. Price exploded higher from the Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) that had formed around two weeks ago (We suggested trading this setup in the May 30th, weekly newsletter, and hopefully some traders got on board). Price exploded higher from the recent Bullish Multi-Bar Fakey Setup that had formed over two weeks ago, (We suggested trading this setup in May 26th, members' daily newsletter). Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Two consecutive Bullish Pin Bars + Inside Bar (Combo Setup). Potential Trade Idea 2: We are considering buying on a retracement lower and/or after a price action buy signal, at or around the 131.35 short-term support level.
Long
by UnknownUnicorn393254
1
USDJPY: Never Ending Bull Run 🚀Trying to trade anything JPY is proving difficult as we experienced yesterday on EURJPY. The death of JPY just continues over and over. I think the bull run will continue all the way into the key psychological level of 130 before we see any signs of buyers slowing down. I won't set an order, I will set an alert because we are bound to see some manipulation around this key level. Once the manipulation and play on price is complete around 130 THEN we may have the opportunity to join sellers. Buyers got an easy breakout of the 'trend-line' which leads me to think liquidity and trapped sellers remain at the low. This will be the target IF we locate a sell.
Short
by AlkalineFX
22
USDJPY: Multiple Inside Bar PatternUSDJPY – SPOT: Buying On A Breakout Of Bullish Multiple Inside Bar Pattern Price Action: Price formed a Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) late last week. Price formed a Potential Bullish Multi-Bar Fakey Setup early last week (This Setup will trigger only if price breaks out above the Mother Bar’s high), (We suggested waiting for the Bullish Fakey setup in May 25th, daily newsletter). Potential Trade Idea 1: We are considering buying on a breakout above the current Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) Potential Trade Idea 2: We are considering waiting to see if the current Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) turns into a Potential Bullish Fakey Setup.
Long
by UnknownUnicorn393254
1
USDJPY: Double bottom?!USDJPY Intraday - We look to Buy at 128.10(stop at 127.40) Buying pressure from 128.00 resulted in prices rejecting the dip. Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. Further upside is expected. Dip buying offers good risk/reward. Our profit targets will be 129.98 and 130.80 Resistance: 129.00 / 129.25 / 129.50 Support: 128.75 / 128.50 / 128. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets