Usdjpyidea
USDJPYThe US dollar has fallen hard during the week to reach the ¥127.50 level. However, we have turned around to show signs of life again, and now we have ended up forming a bit of a hammer. That being said, the ¥130 level continues to be a bit of an issue, so I think we are more likely than not going to continue to see a lot of sideways trading, as we need to digest some of the excess froth from the parabolic move higher.
USDJPY 4Hr Short!
This idea is VERY SPECIFIC (and simplified) in that: Price has tested and closed (this past week) below a very important Daily Resistance Price = 119.322
Resistance Price 119.322 has corresponding Supporting Price at 116.488.
This idea remains valid only if downside Rejection at 119.322 sustains-- Meaning, price in time will drop to Support 116.488 for tests-- And failure to support at 116.488 will cause further decline to 111.028 for tests.
What if 119.322 turns to Support? Next Daily significant Resistances are 120.681 | 123.353 | 130.945
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USDJPY brief correction to the downside ❌🧨Based on the chart, the price is located in the middle of the ascending channel and close to resistance zone ✔️
we
can see brief correction to the downside, at least to the channel support ❌🧨
and
if we lose the channel support and the trend line, we will see even more correction ❌🧨
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
USDJPY SHORT! Yen near Reversal to satisfy Shorts!
Overview:
Yen has failed remarkably at 87.34 - 89.17 Buy-zone where Buyers previously shored Support.
87.34 - 82.37 is a Major Buy-zone layered with numerous Buy-levels which, so far, all have failed to attract Buyers.
So what are the chances USDJPY will experience the unprecedented and anticipated Selloff?
First the Yen has to find Buyers. Technically, The Buy-zone has now drastically narrowed to 81.89 through 79.56 zone or lower to 77.54 --Or through tests at the Trend-line. It is not clear how long Buyers will take to raise the Yen index-- But it is Clear where they have the Best chance to reverse the Index.
Note: Idea is to complement your research.
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USD/JPY Moving In This Channel , Scalping And Swing Setups ValidThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USD/JPY After 350 Pips From last Analysis New Long SetupHello Traders, pair Still respecting ascending channel with now above a new support when touch 128.050 with refusal Take a buy Position to get New 300 pips until 130.000 , wait entry until you can place stop loss below 127.400 .
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