Usdjpybuy
USDJPY time to short itHi there,
Impulsive move on USDJPY looks like its about to end, as the dxy is also preparing for a retracement, USDJPY can fall now to make correction from the last weeks move, to prepare for the next up movement.
I will be looking for 106/107 area to start buying again, but for now look for sells, we are sitting on a weekly supply zone, a fall from here will happen.
Good luck
UJ Position Trading IdeaI've been following the UJ Buy Trade for several weeks (closed out in profit on one trade, currently in a Position buy trade on this one). Looking for another key entry point for a longer position buy trade on UJ. If you want in, please refer to the second position to the screen right for the parameters. As always, use proper risk management, as the stop loss is 50 pips this time and not the usual 40 pips.
USDJPY Hit All Targets +85 Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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-
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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.
USD/JPY New Analysis With Great Risk Reward 1:5This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USD/JPY BUYUSD/JPY has been in an uptrend respecting the green trend line .
By using the Fibonacci retracement indicator , I can see that the price has retested the 0.618 fib level which indicates the continuation of the uptrend .
I expect the price to increase until it reaches the yellow resistance level and will wait to see if it manages to break it and continue the uptrend or a reversal to happen