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Usdjpyidea

USD/JPYThe US dollar initially rallied last week to reach towards the ¥115 level. That is an area that is a large, round, psychologically significant figure, and now it looks like we are ready to continue breaking down in the short term. The ¥112.50 level underneath could be a potential support level, and perhaps a potential target. At this point, we will continue to move based upon risk appetite more than anything else. I do believe that we will continue to see a lot of noisy behavior, but I think ¥112.50 is the target.
Short
by SmoothJB
USDJPY, watch out for the pullback So far our trade has gone just fine, I would say perfect, but Friday night and this morning he woke up in pullback, and it is right to lower the Stop Profit to avoid nasty surprises. On the H4 timeframe we are right now on the MML and I hope it is resistant enough to block the bullish impulse, but let's see where to best place the Stop. Plotting a Fibonacci on the last bearish vector I decided to set the SP at 61.8%, so as to give the price the possibility to go up to a possible 50%. New Stop Profit Level: 115.25
Short
by The_Cyclical_Trading
1
The US dollar index is more likely to continue declining US dollar Index is heading for deeper losses ahead of US retail sales release . The losses in the greenback has been shown in all its main peers on Thursday. Looking at the technical side, the US dollar Index broke from it's wedge formation and took out the ascending trend line support. With 100 Moving Average ahead of it, we could expect further decline if the moving average is successfully penetrated and thus the bears would eye the 93.380 significant level. Taking a look at USDJPY, we see that it has also penetrated through the support of the rising trendline. We could expect more bearish momentum in this pair and as bears eye the 100 Moving Average. The RSI shows that the pair is bearish and further weaknesses is more likely. USDJPY Snapshot👇 If you enjoy this idea please show your support with likes.
TVC:DXYShort
by Forexintelligence_NA
USDJPY: 1Hr Analysis on running Short! On 1Hr timeframe, Price is trading below 115.684 | 115.571 zone where Buyers had chance. Buyers next chance is at zones 115.493 | 115.279 and 115.449 | 115.170 If Buyers take control, 115.9ish could see retest for advance or decline. Conservatively, Selling pressure can be looked into following the Daily Idea at Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked
USDJPY: Three Take-Profit prices on running Short! Previous update on analysis quoted reason for executed Short 116.183 Entry. Though 4Hr timeframe slightly differs, Daily has Three price-action prices for Take-profits on running Short. ie 114.442 | 114.242 | 113.991 Reasons: 112.645 | 114.242 zone is previous Support/Resistance zone likely to see Retest. 114.442 and 113.991 respectively, are 0.5% and 0.618 following Fibonacci Swing Lo-Hi retest zone. The quoted Three prices, if examined, could give reason to reverse the trade for upside breach at 116.183 for 117.254 | 118.713 zoned targets. Conservatively, further decline could see tests at zones: 112.873 | 112.440 112.259 | 111.505 & 111.826 | 110.684 Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked
USDJPY Reversal Pattern - Turning BEARISH? 3 Options For Entry! Hi All, As you can see, I am bearish on USDJPY. I am expecting price to rise next week and hit the key levels on the image above, which we can start looking for momentum to the downside and confirmation that it will turn bearish for the medium term. Keep an eye on the key levels and see how price will respect and react to them! It should give you a really nice opportunity to enter your Sells! I hope this post can help you. I will be posting a simplified version with the "very likely" option, just so it can be clearer for you. Let me know your thoughts - whether you like any of the 3 ideas to take your own trades or if you are bullish in this pair! Have a great and profitable week all! Cheers, Gaspar_Trader
Short
by Gaspar_Trader
USDJPY | Strong Bearish Trend. When it comes to USDJPY , a while ago, we've seen a strong impulse to the upside. And got rejected from a resistance. Right now price is staying near a supply zone as well. We also seen a multiple rejection from that area as well, which clearly shows the selling strength. Looks like there aren't many support areas till S1. So you could start booking profit from S1, which was the previous resistance area. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofwizard
USD/JYP (US DOLLOR VS JAPANESE YEN) MAKING TRIANGLEUSD/JPY (WEEKLY) making a contracting triangle on a Primary degree B of Cycle degree 4th. We are currently on an E wave of an Intermediate degree of a triangle. we are most likely to come down for A of E of a triangle. We can see 3 waves down as an A-B-C pattern on the E wave of the triangle. Most probably we are just finished D of the triangle and we are likely to push down for E as my preferred count (projected by the black line) and if we have not finished D of the triangle so we can go to break recent high as an alternative count (projected by the red line) and after that, we will come down for triangle continuation. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
Long
by anantadhungana