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
Usdjpylongsetup
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
USDJPY - Tracking Minor Waves - Get Ready - Learn - UnderstandThis is a follow up video to the one posted over the weekend.
This video is about making yourself question your knowledge and confidence in what you do.
We are close to seeing the start of this historic move.
Make sure you listen carefully to what I say because it will help you in more ways than one.
See the related ideas below, get familiar with this analysis. Don't trade blindly.
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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.
Analysis USDJPY Purchase range: 105.266
Targets: 105.377- 105.488- 105.599
Stop loss The first goal: the profit to loss ratio is 1: 1 (105.155)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 105.266(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
4H Bat Pattern @ Support [Ranging] - Potential Bullish Bat harmonic pattern to complete at support
- Support defined by a price action range that began in early August
- Past Support established on 8/5, then held on 8/6 and 8/18.
- 4H Candles
- Long opportunity: reward to risk of roughly 1.14 to 1.0
(including spread on entry, take profit, and stop loss).
- Potential Reversal Zone (PRZ):
- PRZ < 12%*
- 1.618 AB=CD
- 1.41 BC Ext.
- 0.886 XA Ret.
- Potential for Oversold on RSI
- Potential Bearish Bat on opposite side of range:
- If Subject Bullish Bat completes and take profits are hit,I'll be
looking to enter a short pos'n at the completion of the
Bearish Bat if price can reach the top of the range.
!!!!!
IF YOU TRADE HARMONICS, READ THE ORIGINAL BOOK BY CARNEY. ALMOST ALL INTERNET EXPLANATIONS ARE INCOMPLETE
!!!!!
USDJPY 240 Pips drop expected will it reach 103.00 level ?USDPY
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣Clear Downtrend since July-2020
2️⃣ 104.00 Acted as dynamic support and resistance
3️⃣ Risk off mode and Rising of virus infections, US 2020 election
4️⃣ 105.00 Key psychological resistance
5️⃣ Price Movement within the broader Downtrend channel
6️⃣Counter trend line will act as resistance
7️⃣ Technical support - Bear
8️⃣ Short term bullish movement towards 105.500
9️⃣ October high Immediate resistance
🔟 DXY-awaiting US election results - Currently neutral for USDPY
#️⃣ Overall bearish trend
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📉 Technical bias-H4-Bearish
Below 200 Exponential moving average
200EMA acting as immediate support - Bearish trend
Possible entry point-105.500
Relative strength index - Around 60 well above the neutral area
MACD- Is still above the line and about to cross the line and the histogram is fading ,Oscillators are still upward
Stochastic -at 75 Which is over bought territory and bearish divergence has formed in H4
Ichimoku cloud -cloud is red-Cloud Support-Bear
Bollinger band- Price is around higher band-Middle band will acting as dynamic support/resistance
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Key reversal area's
104.00 Key psychological level
106.150 October month high
105.500 Dynamic support and resistance
105 Key psychological level-Major key reversal area
103.00 Lower trend line reversal area
105.500 Possible entry- Bearish
105.500 Break and retest around this area-Alternative entry-Bullish
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Bearish entry #USDJPY
Entry price - 105.500
Take profit 01 - 104.800 (70 pips)
Take profit 02 - 104.100 (140 pips)
Take profit 03 - 103.100 (240 pips)
🚫 Stop lose 105.940 (45 pips)
Alternative bearish entry-105.700 ( Break and retest )
⬇️ 2.14% Growth expected
⤴️ Account growth 0.56 : 2.14
✅ Risk reward ratio 1 : 3.8
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USD/JPY - AnalysisUSDJPY Technical analysis
Resistance Levels: 105.440, 105.850, 106.101
Support Levels: 104.934, 104.066, 104.372
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USDJPY Making Trend for high MoveUSDJPY chart, here its clear that it'll be bearish, but when it will be bearish?4
So, in this chart i've clear that all it is about to go up & then move long down to complete its bearish pattern as well in the case of breakout then we will take it from the upper resistance.
I hope you like this analysis & have get some idea about USDJPY Trade Area.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.