USD/JPY fails to bypass 113.68 Most of the previous trading session the currency rate spent moving towards the 23.6% Fibonacci retracement level located at 114.03. Nevertheless, this target was not achieved due to resistance area formed near the 113.70 mark. As for today, a minor retreat back to 113.20 is possible. However, the Yen unlikely to gain much value...
USD/JPY prepares to test support at 111.20 In line with expectations, by the end of the previous trading session the currency rate has reached the upper boundary of a currently active descending channel. As this barrier was additionally backed up by the 38.2% Fibonacci retracement level as well as the falling 100-hour SMA, the pair was forced to rebound. During...
A nice close on Friday afternoon of a Bearish Engulfing with not much bull power being shown in the remaining hours of the market, closing at 112.085 . On a 1 hour timeframe a head and shoulders has been created with the pair following suit and continuing to fall, adding to the strength of my short sentiment. US news is pretty quite until Tuesday afternoon so...
Usdjpy Buy at 112.64 tp stoploss below 112.25 tp is 114 Weight of evidence : Trendline support Dollar strong Previouse resistance become support Fibonacci level Good luck trade with care Like follow and feedback if you like our idea
Consolidation forming beetwen the 0.50 and 0.618 Fibonacci, i will wait a break of one of the resistance, feel free to take ideas but as always be carefully and trade with your own mind ;)
Hi Seildev here. Today we're looking at USD/JPY (60) - Key level of support and resistance at 111.71. Either looking for break out above 111.80 or wait for the break out and buy long at retest of the pullback around 111.80. - 111.71 key level of support and resistance - Possible bullish triangle forming - Support from 38% fib at 21st/June (Contracting) -...
Buy above 110.25. Stop loss at 110.03. Take profit at 111.15. Reason for the trading strategy (technically): Price has shot down and reached our profit target perfectly. We prepare to buy above major support at 110.25 (Fibonacci extension, horizontal swing low support) for a push up to at least 111.15 resistance (Fibonacci retracement, horizontal overlap...
Price has reached an area of strong support on both Daily and Weekly time frames (blue area), with a retracement of 38.2% and a channel forming. Once this channel breaks, then a good strong move up could form to 115.xx or even upto 118.xx
Saw u-turn/bounce off of 61.8 and cross of trendline to signal continuation 61.8% can lead to 127.2% and at most to 161.8
Sell below 114.07. Stop loss at 114.77. Take profit at 112.90. Reason for the trading strategy (technically): Price continues to drop nicely from our selling area. We remain bearish below 140.07 resistance (Fibonacci retracement, horizontal overlap resistance). We also tighten our stop loss to 114.77 to protect our profits. Profit target is at 112.90 support...
Price is coming to a daily support zone, from previous formation. Waiting for price to either do one of two things, first come up to .382 or .236 fib level and than look for an entry to continue to the downside. The second is wait for a clear break of the daily support for continuation to the next daily support level. Get updated through our telegram! Click to...
Buy above 112.58. Stop loss at 112.21. Take profit at 113.75. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target from yesterday. We turn bullish above 112.58 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 113.75 resistance (Fibonacci retracement, horizontal...
Due to JPY strong sentiment, that pull the pair down not even able to make correction. You can see from the chart. The break of 261.8 will see the price heading down to 423.6 Thats my prediction and already in position in my current trade. prntscr.com TAYOR
I will find reversal pattern in this area. Get you guys updated. I wish i won't miss this time.. Good Luck for Us..happy trading. @scandicfx
Sell below 113.95. Stop loss at 114.95. Take profit at 112.56. Reason for the trading strategy (technically): Price has reached our profit target perfectly. We now turn bearish below 113.95 resistance (Fibonacci retracement, horizontal resistance) for a drop down to 112.56 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is seeing...
Buy above 111.35. Stop loss at 110.10. Take profit at 113.15. Reason for the trading strategy (technically): We remain bullish above 111.35 support (major Fibonacci retracement, horizontal overlap support, Fibonacci projection) for a push up to at least 113.15 resistance (Fibonacci retracement, swing high resistance). Stochastic (21,5,3) is seeing strong support...
going short . . . . . FX:USDJPY alikhademoreza.ir