USDJPY Daily Short!
Overview:
USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD.
USDJPY is approaching clusters of Resistance and, technically, potential reversal is expected as sellers attempt control starting 118.226 price-range down to 114.201 for target.
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Usdjpydaily
USDJPY breaks major trendline resistance,MACD confirms a bullish crossover on signal line and momentum is also with the bulls, raising scope for further upside.
Price action hovers around 88.6% Fib retracement at 116.66, bulls eyes upper month BB at 117.94. Bullish invalidation only below 55-EMA.
Technical analysis for the pair supports a bullish stance. Price action has broken major trendline resistance
USDJPY Daily UpdateWe are Expecting long Buy in USDJPY, but market is still stuck in Daily TF. We have to wait till the market break the Supply Level 115.870, then market will hit the Daily Supply 117.211, as this Supply is Retested we think that market will also break this Supply 117.211 as it is weak. After the breakout of Supply, we can buy till the Weekly Supply 120.848. Stay Connected for more Updates.
USDJPY eyes trendline resistanceUSD/JPY extends gains amid improving market risk, eyes trendline resistance at 116.35
The pair is extending bounce off 55-EMA and daily cloud support, rises for the 3rd straight session
Price action is above the daily cloud, Chikou span is biased higher
Momentum is strongly bullish, Stochs and RSI are biased higher
USD/JPY trades with a bullish bias. Scope for test of Wedge top at 116.35. Bullish invalidation only below 55-EMA.
USDJPY SHORTS 📉📉📉📉 Expecting bearish price action on UJ as price is rejecting an important area of bearish orderblock h4 and it should go lower from there, we also have a bearish orderblock on H1 right in that area + bearish imbalances that were filled.
Targets into 115.000, What do you think ? Comment below..
USD/JPYThis major currency pair printed a bullish candlestick last week which ended the week at the highest weekly close for 5 years. The candlestick was also a bullish engulfing candlestick.
These are bullish signs, and the US Dollar is in a long-term bullish trend. However, it would be prudent to wait for a daily close above 116.13 to happen before entering a long trade here, as there is plenty of resistance between the current price and that level.
There may be better opportunities to be short of the weak Japanese Yen if risk sentiment continues to hold up, possibly by trading the AUD/JPY cross long.
Choppy USDJPY to test the top of the channel.The price for USDJPY is consolidating at the bottom of the channel looking for another run to break the top of the channel. The bottom may be in but do not be surprised to see another fake out to the bottom. If you are already in the long, and in profit, you can take some profits off the table once price tests 116.5. Otherwise, I think we can wait for a better buy entry when price hits the oversold region of the 4hr RSI.