USDJPY Multiple timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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Usdjpyforecast
USDJPY is in buy zone!!USDJPY (4H) Has formed a very strong bullish price action on the 4H with bullish engulfer which has broken out of the local resistance. It is highly likely that USDJPY will continue to rise and long term trend is up and price is moving in the direction of the long-term trend.
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Will USD/JPY fall after the bearish candlestick formation? In the daily chart, we can see a bearish candlestick formation USD/JPY. So, it is quite natural to
expect a fall in USD/JPY. However, a lot depends on the US dollar which is continuously in demand
due to the current geopolitical and economic situation of the world.
That being said, the technical picture can not be ruled out completely. As long as price doesn't break the previous
high, there is a probability of a decline in USD/JPY.
Short Position on USDJPY-4HHello Traders !
This is the USDJPY Technical Viewpoint in The Short Term .
We anticipate a reversal from the Resistance area that UJ is currently facing, which has been tested numerous times, to reach the Support mentioned above around 135.20.
Risk Warning : Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
USDJPYThere is divergence in monthly, weekly, daily and 4H, and the RSI shows us oversold. the price is under the top line of important channel. i think the price wants to change the trend but it is following DXY, so we should have analysis of that to have a position in USDJPY and wait for more signs.
According to Elliott Waves, a drop is waiting for this chart.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
DeGRAM | USDJPY short opportunityUSDJPY has reached major structural resistance.
Price action is testing a psychological level at 139.000.
A false break is going to be an ideal short entry signal.
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USDJPY possible breakdown!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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USDJPY is set for rise!USDJPY (D) long-term bullish market. Currently, the price resumed its uptrend and we can see a very strong bullish engulfer has been created on the neckline of the double bottom on the daily timeframe. It is highly likely that the price will continue to rise from this bullish engulfer as there is no significant resistance on its move to the upside.
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USDJPYEach person can see patterns in this chart based on their vision, such as triangles, wedges, or flags. Therefore, in my opinion, the template name is not very important.
Whichever pattern breaks, we will most likely see a sharp move in the same direction.
Observe the money management and the stop loss, the Fed is speaking today, and the Jackson Hole meeting is underway.
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DeGRAM | USDJPY short opportunityUSDJPY has reached a major resistance level.
Price action has already rejected that level, like before.
Price action is moving in a ascending channel.
We expect test the support level and lower border of the channel.
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