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Usdjpybuy

Low risk buy set-up for USD/JPYOverview - USD/JPY is trading in a small range over the last few days. However, it seems that a big move may happen very soon. Let us take a look at a low risk buy set-up. Analysis - From the chart, you can see that price is in a minor support area. It is also near the 100 period moving average on the 4-hour chart. Probable trade set-up - Based on this, a buy entry between 109.15-109.25 with SL below 109 and TP at 110.10 is a possible buy set-up. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Long
by MarcellusLUX
20
USDJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for BUY ! GOOD LUCK! Great BUY opportunity USDJPY . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by BULLSS1993
13
USDJPY: Keep 109.30 on Your Radar Next WeekThe USDJPY is testing a multi-year trend line from the 2015 high. The level connects with the February 2020 high, which preceded the March decline that sent the USDJPY 1,000 pips lower. As you can see, the market is challenging the resistance level today just above the 109.00 handle. Whether you see today’s retest as a selling opportunity or an upcoming bullish breakout depends on your outlook. I have a relatively neutral stance at the moment. A close above 109.30 could offer an attractive buying opportunity. On the other hand, bearish price action on the weekly chart could send USDJPY lower. However, the daily chart may offer some clues. Notice how USDJPY is consolidating below 109.30 on the daily time frame. That may be an indication of an imminent break higher. Usually, consolidation just below a key resistance level is bullish. We’ll have to wait and see if that’s the case here, but so far, I have no reason to be bearish, much less short the USDJPY. If buyers can clear 109.30 resistance next week, it could send the pair toward the 2020 high at 112.00. Alternatively, bearish price action from the 109.30 region could offer an opportunity to get short. That said, the bearish signal would need to occur on the weekly chart to help offset the bullish momentum we’ve seen since January. Trade idea: Watch for a buying opportunity following a close above 109.30 next week. That would open the door to the 2020 high at 112.00. Alternatively, bearish price action on the weekly chart could present a selling opportunity. That said, USDJPY has shown strong bullish momentum since January, so I have to respect that for now. Link Daily Chart - Link Weekly Chart- If you like this Idea, kindly smash the Follow & Like button & support us! Thanks!
by EagleForexTrade
USDJPY Broad falling wedge leads to the bullish runUSDJPY Because of the broad weakness in USD this pair has visit some south extreme and due to the final quarter and year end fixing and selling of USD is also acted as good fundamental factor to short this pair. USDJPY has reached around 102.00 and got some rejection at this level and this level was currently acting as year(2021) low. We can see a series of broad falling wedge pattern in this chart which is a clear sign of bullish trend and we have identified some triangle breakouts too. Interms of average daily moving of major pairs USDJPY is lagging behind the counterparts Positive risk sentiment will not favor the JPY. Recent vaccine developments and smooth political transition in USA will give a positive hope for the whole economy and the economic figures are much improving in recent months and the number of peoples who are claiming the unemployment benefits has in declining trend. The FED has reiterate the they will not hike the interest rates until the inflation is well above the 2%. This is average inflation targeting. DXY is also turned positive. More bullish run was expected in USDPY.
Long
by forexorbit