Usdjpyidea
USDJPY Forming Descending Wedges Pattern.Hello traders, USDJPY is trading at 103.97. The price is trading in a downward resistance and support wedges and can consolidate further before starting down trend. If the price breaks the key level at 103.88, it can continue its down trend and its target prices are as follows. 1st target price at 103.32 and 2nd target price at 102.59.
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.
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Thank you,
Rishikesh Lilawat
Bearish Shark Pattern Wave CorrectionUSDJPY BEARISH SHARK PATTERN, WAVE CORRECTION
Market Buy Order Set Up.
Buy Entry: (104.208)
Take-Profit 1: (103.754)
Take-Profit 2: (103.349)
Stop-Loss: (104.656)
Max Risk-Reward: (1.92)
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USDJPYThere is a strong trendline resistance. If it can breakout, good opportunity for a long position
USDJPY PROFITABLE SWING SETUP USDJPY Been moving inside an descending channel towards the support, USDJPY WILL GO LONG AFTER MARKET TEST A SUPPORT
USD/JPY with the Symmetrical TriangleUSD/JPY is moving downwards. It started to fall from 20th February of 2020. And it's still falling. It has made the symmetrical triangle here. It's making the 4th wave here, and it has to cross the following level 103.455 - 103.360 - 103.185 - 103.050 , to complete the 4th wave.
But if the trend started to move upside, then there will be a failure of the symmetrical triangle. Then the targets will 103.815 - 103.915 - 104.100 .
I have applied DMI, ADX is less than 25 , which shows a downtrend. And the +DI is above -DI means an uptrend.
SHORT USDJPYConfluences:
+ MACD divergence
+ Fibonacci Retracement 0.5 + 0.6
+ Flip Zone
- Take Profit:
+ next Support / Resistance
+ Or Price Action ( My Favorite way )
USD/JPY- Triangle PatternUSD/JPY is making a symmetrical triangle and trying to reach the upper line of the triangle. The trend will hit an upper trendline of the triangle by crossing the following level 103.507 - 103.566 - 103.585 . After that, there will be a reversal, and the target will be 103.500 - 103.400 - 103.300 - 103.100 .
But if it does not stop to move upwards. And crosses an upper trend line, then it will hit the following levels 103.600 - 103.670 - 103.750 .
USDJPY 4HR IDEATHE NEXT TIME USDJPY WILL RETEST THE SUPPORT ITLL PROBABLY FORM A DOUBLE BOTTOM AND WILL RISE TO THE NEXT SUPPORT
USDJPY H4 - Double Jab Punch IdeaTrading idea for USDJPY pair, price is reaching to daily/ weekly SnR/ Support now. Expecting it to be bounce for Long/ Buy & TP right before the DROP Zone for Short/ Sell.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
USD/JPY Technical Analysis
The counter is currently in a sideways range.
It has hit the lower end of the range with stochastic lunging into the oversold zone.
We expect the range to hold and push the price higher.
UsdJpy- carving strong baseSince the start of the pandemic, UsdJpy is trading downwards, but if we look at the daily chart we can see that this downtrend is anemic and looks more like a range with some bearish tone.
We have a recent low just above 103 and now the pair looks like it found a strong base in this zone.
I expect a trend reversal for UsdJpy and I have a bullish outlook as long as the price is trading above 103.
My target for medium-term is 108 zone
USD/JPY Technical Analysis.Currently, USD/JPY is trading at 104.10. The pair is trading in a sideways trend and can break the support level to start a new down trend. If the price breaks the support level at 103.66, then it can start a new down trend and its first target will be at 103.20 and second target will be at 102.65.
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
UsdJpy building upside momentumAfter 103.20 low, UsdJpy has risen aggressively and reversed 250 pips in one day. Either is BoJ intervention or just the market, 103 is very strong support now.
Now the pair looks like is building upside momentum and a break above 105 would signal a change of trend.
I'm bullish as long as 103 is intact
USD/JPY Technical Analysis.Currently, USD/JPY is trading at 103.91. The pair is trading in downward resistance and support wedges and can continue the same trend if it breaks the support level at 103.79. If the price breaks the support level, then it can continue the downward trend and hit the target price at 103.14.
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
USD/JPY Technical Analysis USD/JPY made a strong impulse move tw
USD/JPY made a strong impulse move two weeks before.
But the rally fizzled out at the high and since then the pair is retracing its move.
Now, it has found support around the 103.7 mark.
A move beyond the resistance 104.2 can invite bulls once again in this counter and hence we advise traders to go long as soon as the pair breaks above it.
