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Usdjpylongsetup

USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow Point A LH: 109.9 Bearish Wick Point B LL: 107.9 Bearish Wick Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of support at 107.9 that leads me to believe that the last LH at 109.7 was ACTUALLY a LH. But the best entry we are now looking for will be found after the pullback of the broken support. So we are looking for price to pull back to 108.1. Point D TP: 107.3 - Since this is not the best entry and we are basing our trade on the H4 TF this is not my ideal trade so we are only looking for the short term push... But I will have 2 trades going, 1 to end off at 107.3 and another to just run to the 105 region. SL: None
Short
by FxProNow
1
USDJPY Long OpportunityHi guys its Brian here with a long opportunity for USDJPY. The current price for USDJPY is now in a strong historical support zone where we see that previously price has bounced off this support zone for 4 times in the past since 2017. USDJPY has also been making higher highs for the past few days and could possibly be coming out of the support zone soon. If going long at this price level, there is a good risk to reward ratio with stop loss set at the support zone and profit target set near the resistance level. www.brianchai.com Free Trading Group
Long
by BrianChai
USDJPY ~450 PIP+ BUY | @ SIGNIFICANT SUPPORT LEVELDirectional bias is bullish. Currently in a down retracement. I have a buy limit at the weekly 61.8% retracement level @ 107.661. If we pass significant resistance level of 112.439, long term think we are headed to the 161.8% D extension @ 117.223. 112.439 is also the highest level for 2019 and is also the monthly CTL. I will take TP @ 112.439 and wait for further bullish confirmation to re-enter. Currently price looks like it is having a tough time breaking through the 23.6% retracement level on the 1HR. If momentum continues to the downside, we could see price stall around 1.27% fib level @ 107.295 before we see it reverse.
Long
by kacijackson
1
EURUSD DOWNTREND FINALLY COMPLETE?USDJPY has been travelling in a (BLUE) descending channel and has also been following and testing a (BLACK) descending trend line multiple times inside of the channel. Price on the daily chart made a sharp move upwards yesterday breaking above the previous resistance zone (now support) and also the black trend line. Depending on the closure of today's candle we will be seeing a move upwards to the top of the channel. Price has also tested the 0.618 retracement zone on the downwards dip and shot upwards which suggests a change in trend Our target is shown above at the next resistance zone which evidently lines up with the top of the channel perfectly.
Long
by UnknownUnicorn2396129
1