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Usdjpylongsetup

USD/JPY Technical Analysis.Hello traders, USD/JPY is trading at 110.78. The price is reversing from support levet and consolidating in the resistance and support wedges from sometime. If the price breaks the resistance level at 110.90 then it can start a new up trend and then its targets will be first target at 111.11 and second target at 111.34. 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
USDJPY Multiple-Timeframe AnalysisHere is my Multiple TimeFrame Analysis of USDJPY. If you think otherwise feel free to comment/post your anaylsis. Please Comment, Like, or Follow. Monthly/Weekly -Price has been in an uptrend for 3 consecutive months. -Price then made a pullback and tested/respected the 38.2 fib level. -The next month price formed sort of a bullish pin bar, showing that price is still bullish and looking to make another move to the upside. -The monthly is showing bullish.(But from the looks of things it appears that price may be slowing down, showing slight bearish pressure, I can see price potentially forming a double top on the monthly preparing to drop) Weekly Daily -After the last creation of the higher low (blue eclipse), price made an impulse and formed a high (red eclipse). -Then price retraced and respected the 61.8 fib level, and formed a double bottom pattern. -This shows that price is still bullish. Price respected the fib level and ultimate created a higher low - I am expecting price to make another move to the upside. 4hour 1.) Price ended the day with an indecision candle followed by an inverse hammer. This is a sign some bearish pressure, possibly hinting at a retracement. 2.)After the bearish move, price respected the trend line and formed a double bottom as well as a higher low. The forming of a double bottom after a downtrend serves as a candlestick reversal pattern. This is showing that price is now ready to make it's next impulse. 3.) There also exist a double bottom within a double bottom. Price formed the double bottom then made a bullish impulse. 4.) The way price ended the day, I am expecting a retracement to the green zone. A retracement somewhere within the 50.0-61.8 fib level. 5.) After the retracement to the green zone, I am expecting price to possibly make it's final bullish impulse. If you look to left you will notice the previous high formed a double top and broke the neckline. I am expecting price to make an impulse here and test/meet resistance at this area.
Long
by NoCeilingsTrading
USDJPY: very profitable LongHi Traders, This is my view on this pair for the next few days #USDJPY BUY 109.31 SL 109.18 TP 110 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Long
by kitchen_trading
USDJPY H4 FORECAST BUY 1.5R TARGETWe consider to buy this pair because the New Jerusalem Ultimate Band Indicator signal line is very bullish though it suggests that there might be a short pull back and then the price will continue to shoot up before we get stopped out. Also the price has attained a strong support from the New Jerusalem Band Indicator lower line suggesting a strong bullish move awaiting the market to open so that it may continue to manifest. We manage and protect our capital buy using a reasonable lot size and not to risk more than 2.5% of our capital and we open one position only until we hit our profit target. Our exit levels are as shown on the chart. Wish you a successful week ahead.
Long
by Piptera-Digital-Solutions
3
UsdJpy to resume its uptrend?In yesterday's comment, I said that the long-term trend for UsdJpy is clearly up and the drop from 111 is just a correction. Yesterday the pair has finished the day very strong and closed above the important 108.30-108.50 important zone, confirming a false break A small retracement could follow at this point and this could be a good opportunity for bulls to open longs As I said, 108.30-108.50 is now support, and bulls can have 111 as a target
Long
by Mihai_Iacob
8
USDJPY- Perspective -Disjoint channel USDJPY Though the long term downtrend was imminent in USDJPY it has managed to bounce from 102.600 towards 111.00 level where it met some major resistance and started falling towards south.Series of Lower low and Lower high patterns are forming and forming clear downtrend channel.Currently the 5th Elliot wave is underway.The lower side trendline adnd 108.00 (key psychological level) will be a another reason for buy.Comparatively the DXY is in downtrend in recent days and the yield of bonds was declining so its better to short this pair now.Break and retest will pave a way further for bear. The current price was well below the 03 Exponential moving averages (50,100,200)&Point of control *Price-below price action level *Price below point of control *Price below 03 EMA (50,100,200) *Fundamental support-JPY over USD *Downtrend channel *Elliot wave-05 underway (Bearish trend) Disclaimer! This chart represents the future expected move only-Not a financial advice Appreciate good works- “Don’t judge each day by the harvest you reap but by the seeds that you plant”
Short
by forexorbit
USDJPY ZigZag Long Trade Setup - Potential x3 RRHi Traders! It has been a while here. Check out my current trade setup on USDJPY. Price has completed a simple zigzag which might be part of the circled wave iv potential triangle pattern. Wave c equals a and it's also testing the lower boundary of the parallel channel. The breach of the upper green level will be our conservative entry. Market has presented an early entry from the lower green level. The price must stay above the red invalidation level for this setup to remain valid. What's your view on UJ? Let me know in the comment. Thanks, Veejahbee.
Long
by Veejahbee
1