USD/JPY WEEKLY FORECASTHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
Usdjpylongsetup
USDJPY 106.99 - 0.23 % LONG IDEAGood Day Everyone
Here's a look at the USDJPY pair and some idea's within structure for the more aggressive traders on lower time-frames the pair is currently trading in a descending triangle which could be signaling a reversal on the pair the pair has been hitting LL within structure so looking for a break above of structure, looking for a completion of the W structure a break above then a retest of structure then continuation to the upside.
more aggressive traders can trade the range within structure following their rules on entries and SL. LET'S SEE HOW IT GOES
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
USDJPY bounced from support, potential for a further rise!
USDJPY bounced off 107.299 where it could potentially rise further to 108.097.
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USDJPY reversed from intermediate resistance, potential drop!
USDJPY reversed off its intermediate resistance at 107.325 where it could potentially drop further to 106.426.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 106.638 where it is could reverse down to its support at 106.238.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.