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Usdjpylongsetup

USDJPY (LONG) 🔥🔥🔥A clear break of structure, I am expecting the market to reverse back into my OB before continuing the BULLISH trend. Make sure you're following the channel so you won't miss a top-notch analysis like this!. Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
Long
by Thewest-sidetrader
Indecision for the USDJPYThis chart looks indecisive, the bias is to the upside. If it is going down, there's going to be a long struggle where price trades sideways for an extended period of time. From an elliot wave perspective, looks like it is due for a wave 5. BULL CASE Price to break farther up from here, retest the top of the channel and find a higher high. This could be a rather short wave and we may find rejection as soon as 115. BEAR CASE The downside should be rather capped for this pair and if there's a big one coming, it will need to trade sideways for a bit.
Long
by IkanBilisCapital
UsdJpy- Rise to 118.50?There is no doubt that the overall trend for UsdJpy is strongly bullish and after reaching a recent high above 114, the pair corrected some of the gains. The spike under 113.30 support was short-lived and quickly reversed giving us a signal that bulls are here and are very strong Now UsdJpy is trading just under local resistance and a break looks imminent. Once we have this break we can expect continuation to the upside and 118.50 is my target for this rise
Long
by Mihai_Iacob
13
USDJPY bulls back in action this week??Stopped out at break even on USDJPY and will be just watching this pair for atlest the start of the week. If price can reject that support at 113.500 I will be looking for buy trades but if price breaks that area ill be looking for continuation shorts... If price can breakout to the upside through that 114.500 area Ill be looking for continuation longs, but for now I'm just waiting for this consolidation to end and more direction to follow!
Long
by jamison_fx
1