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Usdjpyidea

USDJPY – New Week Analysis – 5-Apr-21 📈 BUY ZONE – 109.993 to 109.493 🔷 Take Profit 1 - 110.193 (20 Pips) 🔷 Take Profit 2 - 110.493 (50 Pips) 🔷 Take Profit 3 - 110.993 (100 Pips) ⛔ Exit / SL - 108.993 There is potential for the price move higher after the pullback. The price might reverse at 110.000 if it hold the position or reverse within the BUY ZONE. If the 4 hour closing price is below 109.500 then prepare to EXIT this trade and this set up is VOID. (There is no changes from last week analysis)
Long
by onelinkFX
USDJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
USDJPY Broad falling wedge leads to the bullish runUSDJPY Because of the broad weakness in USD this pair has visit some south extreme and due to the final quarter and year end fixing and selling of USD is also acted as good fundamental factor to short this pair. USDJPY has reached around 102.00 and got some rejection at this level and this level was currently acting as year(2021) low. We can see a series of broad falling wedge pattern in this chart which is a clear sign of bullish trend and we have identified some triangle breakouts too. Interms of average daily moving of major pairs USDJPY is lagging behind the counterparts Positive risk sentiment will not favor the JPY. Recent vaccine developments and smooth political transition in USA will give a positive hope for the whole economy and the economic figures are much improving in recent months and the number of peoples who are claiming the unemployment benefits has in declining trend. The FED has reiterate the they will not hike the interest rates until the inflation is well above the 2%. This is average inflation targeting. DXY is also turned positive. More bullish run was expected in USDPY.
Long
by forexorbit
USDJPY Technical Analysis ApproachDuring this mark up, I will be providing you with a visual break down of my prediction of USDJPY! Before you take a look at this mark up, please be sure to understand that everything is color coordinated to make it easier for you to understand my prediction and perspectives of the market. Listed below are the steps to my prediction… 1. Yellow Trend Line = Support and resistance mark up.. Helping me identify which way the mark is trending 2. Green Lines = represents the higher highs and higher lows of the market. ORRRR the lower highs, lower lows.. But in this example, it's HIGHER HIGHS, HIGHER LOWS 3. Blue = The kill zone. Where I am looking for price to make its move. Previously at 109.368 there was a massive drop to the downside. 4. Pink Box = It is a bearish candle that represents where price pushed up, testing the highs BUT!!! Ended in a more bearish position. Following a lower low, lower close of the next bearish candle. After switching from the 1-hour time frame and viewing the RSI on the 1-day time frame, the RSI is reached the overbought conditions of the market which is a big indication that price could reverse into a sell. You can either wait until it breaks the kill zone (which consist of being disciplined and patient) or follow your own trading analysis that you think is right.. If you have any questions about my mark up, please be sure to leave comments below and I will answer your questions as quickly as possible. Thank you!
by investwithk
USD/JPY Technical Analysis.Hello traders, USD/JPY is trading at 108.85. The Pair just broke the support level at 108.62 to start a new up trend. The price was moving in a down ward resistance and support wedges and after breaking support level started a new up trend. Its target price will be the strong resistance level at 109.23. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
USD/JPY - In ASCENDING TriangleAfter reaching the main bearish trendline, the USD/JPY market rejected it and started a small bearish trend that formed an ascending triangle, with a upport line. A breakout of the ascending triangle and retest of the main bearish trendline is possible. If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis . Write your opinion about it in the comments. I would like to discuss this with anyone. This is NOT a FINANCIAL ADVICE . This is just my point of view on the current situation.
Long
by GetSet