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Usdjpybuy

USDJPY Market Outlook | Daily Forex Market BreakdownUSDJPY I still feel that USDJPY is going to push up and reject off 112 before rolling over to the downside. Resistance has been holding very well, and we do look like we may be breaking out to the downside now, but I am not fully convinced. I want to see USDJPY push up a bit higher giving us a clean rejection off 112 where I will be then looking to take a trade. Currently looking like we might attempt to push below the current trendline.
by Layne_LV
4
USD/JPY - Ascending Triangle after Channel UpOn the 4h chart, we can see that it was following my Channel Up pattern quite nicely. Updating now on my previous successful analysis, it started to build an Ascending Triangle which indicates another bull run, especially now with the US-news we might get some more information on soon. I suggest going long. But as always check for price action first and proper risk management. We might have to watch out on the Final GDP tomorrow to get a clearer view. I'm most likely going long on this one! We might see a nice trade. Wish you all my luck traders! -------------------------------- Thank you for inspecting my idea I'm happy to receive any kind of feedback Also feel free to contact me I'm trying to build up a nice network for trading! Whatsapp: +41 79 943 63 48 Telegram: @sb_sandro
by Sandro_S
1
USDJPY trend ups“We are seeing a single-handed rise in the dollar vs. other currencies, which likely driven by investors' anxiety over the coronavirus outbreak,” said the Japanese Finance Minister Aso while speaking before the parliament on Tuesday. "Everyone is buying dollars. That's leading to declines in other currencies. Stocks and bond prices are both falling, which is something that has not happened before," he added. USD/JPY keeps range below 110.50 USD/JPY consolidates its drop to near 110.10 region, divided between broad US dollar weakness and the risk-on rally in the global equities and Wall Street futures. At the timing of writing, the spot trades at 111.35, down 0.73% so far. The upside attempts remain capped by the 110.50 levels while markets digest the latest comments from the Japanese Finance Minister. Source: fxstreet
Long
by chi1billdollar
1
USDJPY LONG! Test of 113.4 (after trendline) is possible! Analysis is Complete though this pair isn't ready for this dual-test move-- Target 108.431 successfully completed from previous Idea. A reiteration of all-time-range (110.188- 113.887) could enhance break of trendline for 113.4. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
Long
by legacyliked
Perfect up trend on USDJPYHello friends. Here is our analysis on USDJPY. The support and resistance marked are of D1. The pair is moving in that zone for a pretty long time. After hitting the support area the pair started to move upwards towards the resistance level. Also if you notice the black lines we can see that the pair made a new higher high while not breaking the previous higher low. So as per our analysis the pair will continue the pattern till kit reach the resistance which is at 112.000. Let us know whats your view on this. Thank you. Ryan.R.Lopes
Long
by Ryan_lopes