In my opinion, wave 3.3 has finished and now we are in the corrections of wave 4 in a zigzag fashion. The first 5 waves of zigzag have finished and this recent rise is in the form of wave B, after which we will move down in 5 waves. Kurd. Wave B can move from 38 to 1.38% Fibonacci wave a extension. FX:USDJPY
USDJPY reversed off its resistance at 109.308 where it could potentially drop further to 108.728. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Retest of structure for a continuation push down. Quite a few confluence to support my bias on going short again on this pair. Most important ones tho is price is currently trading at/around weekly resistance level aligned with the 61.8 fibbo level Which is struggling to push past that area of resistance.
USDJPY is expected to drop to 1st support at 107.742 where it could potentially react off and up to 1st resistance at 109.002. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Looks like this consolidation is coming to an end for good. Its safe to say the market is most likely to drop since it hasn't been any higher ever since December last year. Based on fibs it looks like we are in a sweet position to catch 40-50 PIPS.
This pair looks like there may be a possible short opportunity incoming. If you were to look at the daily chart, you can see that price had rejected the 112.000 price level 3 times. Here on this 4HR chart, looks like we are currently in a ascending triangle along with what looks like a double top formed inside the triangle. If price breaks down of the triangle, I...
USDJPY HAS RECENTLY TESTED AN AREA WHERE PRICE TESTED MULTIPLE TIMES IN 2017. I HAVE TWO BIAS ON THIS PAIR. PRICE IS IN AN UPTREND ON THE DAILY TIME FRAME. EITHER PRICE WILL CONTINUE UP TO MY FIBONACCI TARGET AT THE -27% OR PRICE WILL BREAK THE UPWARD CHANNEL, RETEST IT, AND THEN CONTINUE DOWN TO PREVIOUS SUPPORT. WATCH MY VIDEO ANALYSIS ON THIS PAIR YOUTUBE: youtu.be
I am waiting to long FX:USDJPY at 0.618 retracement where the price is at 110.600 area which is previous key resistance now become support.
Hi traders, USDJPY is Bearish . Don't miss this short. It has a huge potential. Currently short term trend is Bullish. Buy at top and hold. As per my analysis, price action shall further move up to the below targets. Entry: 111.081 (or) Entry @ CMP Take Profit: 109.733 (TP1) & 108.386 (TP2) Stop Loss: 112.429 Risk Vs Reward Ratio: 2 Go short the USDJPY ; Good Luck
Neutral view at the moment, as we had a break of the ascending trendline on Friday with a retest of this trendline just before market close. Moving averages were set to cross but this could just be a fakeout . The daily timeframe shows a very close rejection of the same ascending trendline, however price has ranged since the end of April. Daily candle close...
Technical Analysis Last week we kissed the 0.382 fib level and had a strong wick indicating a loss in the bulls momentum. This could be a strong indicator of the start of a reversal for USDJPY. This week all eyes on USD with Trumps Speech Today with his Hawkish attitude toward the Iran situation causing great volatility in the Oil Markets. Consumer Price Index...
I'm expecting USDJPY to keep dropping and test the 61.8 fib, great opportunity to go long
USD/JPY drops to 111.30 Due to fears of a large reduction in foreign Dollar asset purchases, the American currency fell by 0.86% against the Yen just in couple of hours. The plunge was stopped only after the exchange rate reached support area located around the weekly S2 and the monthly S1. Accordingly, today bulls are expected to try to restore lost positions....
USD/JPY falls to 50% Fibo at 112.45 Due to interest rate hike by the Federal Reserve, the currency exchange rate got a downside momentum, which lasted until the pair reached the last combined support level formed by the weekly S1 and the 50% Fibonacci retracement level at 112.45. A successful recovery of the buck looks unlikely, as the rate will need to cross a...