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Usdjpylong

USDJPY showing mixed signals - Bullish starting biasDownward channel has been clearly performing over the last couple of months. Before we saw an INverse Cup and Handle which brough the price to our first target. This continued downtrend however, is seeing potential signs of upside. First the RSI is touching the 50 and has turned a Green backgroun. The Price has currently broken above the channel, but will it last? I am going to choose the bullish bias and set a target at 137.50. If it turns back down it's going to 122.00. Hence I'm having a Neutral view with a bullish bias. If that makes sense haha.
by Timonrosso
#USDJPY- VERGE OF BULLS TAKING OVER!!Hey Traders, USDJPY has have faked movement in last two months since we had BOJ news on interest rate, the pair had reversed from over previous setup on #USDJPY. However, most things has changed since then firstly we have undecided DXY movement we have not had a clear dictative move. Hence, as we have NFP next week we are eying for DXY to drop until Friday as traders are eying on the data to be supporting for DXY. -Potential entry would be the area described in the chart, will keep you updated. Trade Safe and Good Luck!!!
Long
by Setupsfx_
22
USDJPY - Daily Trade Idea - 1-Feb-23USDJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX
2
UsdJpy- 131 zone holds the keySince the end of October last year, UsdJpy has dropped 2500 pips from top to bottom. However, considering the rise of 50% of the pair since the beginning of 2021, this is just a correction of the long-term trend and, in fact, the pair seems to have found a bottom exactly in 50% Fibo retracement of this strong bull leg. At this moment the pair is consolidating under the important 131 resistance, and a break above this level could lead to gains to the 135 zone resistance in the medium term. I'm bullish on this pair, waiting for confirmation though
Long
by Mihai_Iacob
3
USD/JPY : Possible Falling Wedge or is it False?USDJPY has been a in bearish market just like audjpy and just as such it also has had a recent bull rally that provided confluence to breakout the possible falling wedge resistant zone and also have candle closes outside however it could also be false due to the lower trend zone caused by the sudden drop in price which created a trend zone inside wedge where it looks like it has retested off what be the top of that zone. Makes sense as price action is overbought currently so i can see a strong pullback after market open so that it can level out price action on indicators before the FOMC pushes it back up and out of the wedge and trend.
Long
by OfficialKieranTrewick
1
USDJPY H1: Bullish outlook seen, further upside above 128.80On the H1 time frame, prices are approaching the support zone at 128.80, in line with the Fibonacci confluence levels and a throwback to this zone could present an opportunity to play the bounce to the resistance zone at 130.50. Stochastic is approaching support at 3.90 supporting the bullish bias. A change in market structure on the lower time frames, following the break of the most recent high could provide confirmation for a higher probability setup.
Long
by T3-Consultancy