USDJPY long for daytrading with the double bottom strategy
USDJPY long for daytrading with the double bottom strategy
Usdjpylong
USDJPY | Perspective for the new week | follow-up detailsDespite negative GDP data last week (negative variance of 1.71), the dollar closed its fourth consecutive week in positive territory, trading 1.80% higher to culminate at the 136.500 zone. The economic data released so far this year has painted a stronger picture of the U.S. economy. It is also worth noting that the incoming BoJ governor Kazuo Ueda indicated that the central bank will largely maintain its ultra-accommodative policy in the near term hereby indicating a weak economy and considering the significant breakout of the 135.000 zone (the first time this year); the Greenback may continue to remain in demand. This video illustrates a detailed technical perspective of what to look for in the coming week as trading opportunities is strongly leaning towards bullish expectation from a long-term perspective.
00:50 Reference to last week's daily commentaries and results
03:49 USDJPY analysis on Daily Timeframe
06:05 Macroeconomic event for the week
08:30 USDJPY analysis on the 4H Timeframe
10:30 Conclusion on next week's projections
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDJPY FractalUSDJPY Fractal
Trade Safe
The Risk management is always the Key
I will Update the Idea after 3 days From now stay tuned..
Good Luck!!
Bullish outlook on USDJPY - 3 March 2023On the H1 timeframe, prices are testing a support zone at 136.20, which is in line with the 38.2% Fibonacci retracement. A throwback to this zone presents an opportunity to ride the bounce to the resistance zone at 137.20. Stochastic RSI is in the oversold region below 20, and price is hovering near the bottom of the Bollinger Bands, supporting our bullish bias.
Cheeky long for USD/JPYUSD/JPY is grinding higher on the daily chart, although it seems wary of the 200-day MA overhead. But at the same time, it looks as though it at least wants to test it (and is sat near the daily R1 pivot).
Prices have pulled back on the 1-hour chart in a corrective fashion, and the corrective lows found support at the 50-hour EMA and a previous swing high. Prices are also trying to hold above the daily pivot points.
- The bias is for an upside break due to the underlying trend, and that is something a strong ISM services report later today could help with.
- The initial target is 137, ahead of the daily R1 / 200-day MA,
- The bias remains bullish above 137.40
USDJPY M15 LongA triangle formation and a bullish breakout.
Support at bottom of the triangle with risk - reward at 1:2.
usdjpy setup im looking to sell uj next session if 136.6 holds if so we will see a nice push to the downside towards 134.7-134 area
USDJPY H4 ZONE MARKINGWe have USDJPY H4 Analysis for Zone Marking.
According to this analysis, we can see the price still running Above 200MA & price Running ascending channel using pattern of Higher High & Higher Lows
This sign of buying pressure for more confirmation we have marked demand & supply zone which is mentionedin the downside.
Demand zone1@ 132.276 to 131.460(Strong)
Demand zone2 @ 131.000 to 129.648 (strong)
Demand zone3 @ 128.525 to 127.759(strong)
supply zone1@ 136.890 to 137.532 (Strong)
Supply zone2@ 137.751 to 138.246 (strong)
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
usdjpy elliott wave update 01/03/2023usdjpy elliott wave analysis by omar ayad
Then achieve the goal of wave C
Now we are waiting for breaking 135.700 to enter into selling, the target is wave 1 of the impulse, but if 136.940 is breached, selling will be activated and the target is wave 1 of the impulse
USD/JPY my idea for this day we have acheived approximately 300 point yesterday see my analysis if any help contact me
USDJPY - Short active ✅Hello traders!
‼️ This is my perspective on USDJPY .
Here I expect bearish price action from here as price filled that huge imbalance and rejected from bearish order block + institutional big figure 137.000. As well we can see price formed a normal divergence which indicates bearish price action.
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USDJPY, top down analysis. #USDJPY / Multi-time-frames
Hello traders, welcome back to another market breakdown.
In this video I give a detailed analysis on USDJPY starting from the Yearly down to the daily chart. Marking out the good levels
to short and long.
Trade safely,
Trader Leo.
Looking for a bullish breakout from USD/JPY's consolidationA bullish engulfing candle formed on Friday thanks to a hot US inflation report. The fact that incoming BOJ governor Ueda delivered a dovish message at his confirmation hearing simply adds to our bullish conviction on USD/JPY.
Prices are now consolidating on the 1-hour timeframe, so we'd welcome any pullback towards the weekly pivot point to consider long setups, with the next bullish target sitting around the weekly R1 pivot (137.30). The OBV remains elevated to suggest the rally has been supported by bullish volume, so we're also on guard for a bullish breakout from the current consolidation.
#USDJPY- 500 PIPS BULLISH MOVE EXPECTED-Hello Traders, so we had to send an updated setup to everyone who has been waiting for USDJPY to go all the way up and that is why after BOJ announced their decision to not change the monetary policy. We waited whole day yesterday for UJ to settle down and have a clear view!.
-Sellers are being exhausted and failed to take this pair lower low even when JPY BEING too bullish suggesting we are at the verge of having a strong bullish impulse.
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Currently USD/JPY trades in 5th wave and can continue to riseHello traders, I want share with you my opinion about Japonese Yen. Looking at the graph, we see how the price left the range and begin to grow, thus forming Elliott waves.On the four-hour timeframe, we can see the Japanese Yen currently trading in the 5th wave moving towards the seller zone. By switching to an hour-long timeframe, which is on the chart on the right, we can see how the price inside of the 5th wave of the senior timeframe forms upward heel wave impulse. Currently, the price has finished 4th correction waves, testing the support area from which it bounced back and started to rise. I think the price started moving in 5th impulse wave and may continue to grow.So for the Japanese yen, I see at level 137.35. Please share this idea with your friends and click Boost 🚀
USDJPY BuyUSDJPY will rise more against the JPY. I think USD is stronger than JPY and this pair will rise gradually. Better to look buying opportunity on it.
USDJPY- GOOD POSITION FOR BUYERS!!Dear Traders, Hope you all doing great, recently we have seen some bullish momentum and that is why our bias and area of entry has changed drastically. For this pair an ideal enrty would be to wait for it to come to our area of entry where we can go long for swing.
What do you think? Comment down!!
USD/JPY on track to our target of 143.87USD/JPY formed the Cup and Handle and the price broke above the brim level.
7>21 Price <200 -Mixed
RSI>50 - bullish
We are still waiting for the price to break above 200MA before we head to the target of 143.87
All I can do is wait and hold.
USDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Bullish USDJPY 20230226USDJPY is on a bearish reversal and on a bullish trend channel.
137.66 may be the near term resistance and 142.25 a major resistance.
Any movement below 132.90 is likely a continuation of long term bearish movement.
USDJPY UPTREND. A possible continuation of the uptrend.
Flag Pattern.
The trend start a flag pattern and push the trend to 136.511 at 0 Fibonacci retracement level. possible continuation of uptrend to 137.700.
USDJPY Long Term Analysis (4H Chart)Technical Analysis Summary
USDJPY
TREND ANALYSIS
We have 1 Uptrend in green color Internal Trend (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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