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Usdjpylongsetup

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 justagirllearningtotrade
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
WATCH OUT - USDJPY BULLS ARE READY TO ATTACK AGAIN!Hi Traders, The USDJPY has been trading in a large triangle on the longer cycle after a bullish Elliot wave impulsive structure that ended in May 2015. Once the price breaks out of the triangle trendline and crosses the wave (D) high, we can expect a long-term bullish move. . However, in the shorter cycle, the price has just completed a three-wave correction that unfolded as an a-b-c expanded flat pattern and finds support at 78.6% retracement of the short-term five-wave bullish impulse labelled i-ii-iii-iv-v. . According to Elliot Wave theory, once a 5-3 wave cycle is completed, the trend is expected to resumes in the direction of the impulse structure. If this count is correct, price is expected to extend higher in another five-wave pattern in wave (iii) and has the potential to move above wave (i) high in Mid-term. . USDJPY WEEKLY CHART Do you like this Elliot Wave analysis? Let me know in the comment. Thanks for reading! Veejahbee.
Long
by Veejahbee
USDJPY LONG OPPORTUNITYUSDJPY on the daily Time Frame has been moving inside a large (BLUE) triangle. Last week price saw the top of the (BLUE) triangle, when it was following the (BLUE) ascending trendline. Price had a clear break of the ascending trendline with a short retest, while price was doing this it also formed a (BLACK) descending channel. Right now price is at a MAJOR support zone and also at the bottom of the triangle price has been following. This indicates price will move up, we personally will enter more trades when price breaks above the black ascending trend line and comes back down to retest it. Our final target lies at the next resistance zone... Comment your thoughts below!
Long
by UnknownUnicorn2396129
USD/JPY Analysis: Bearish Mood This Week Touch 110.80 Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower. Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming days. In the daily chart, the pair settled below its 20 DMA Thursday and was unable to regain the indicator in the last trading day of the week, now battling with a flat 200 DMA. The 100 DMA in the mentioned chart heads south at around 110.80, while technical indicators turned horizontal around their midlines, leaving a neutral-to-bearish stance. Shorter term, and according to the 4 hours chart, the technical stance is the same, as the price settled below its 20 and 100 SMA, but above a flat 200 SMA, this last at 111.35, while technical indicators lack directional strength but hold in negative territory. If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target. Macro Jahutu is involved with Financial Facts. It can be stopped by. Junk is at the top of the stock market, profit taking mast. The rate does not increase this year, it is also macro-bound, but it will not be able to counter JPY's just against the dollar and some gold. But it would be difficult to contrast Aussie.And for the macro, the opposite of JPY is weakened by the dollar. If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target. But Most Fast Response Scenario 111.25 1st Target, Break Out 110.50 / 60 Target 110.50 Breakout Tough, leaving the reports so far, where the report is better than expected. If the weight loss is 110.50, then the next target is 109.85 / 70 area. When the break out, the next target 108.50 and 108 final target. Technical Level: =============== Support levels: 111.35 111.05 110.80 Resistance levels: 111.75 112.10 112.40
Long
by Saleh11
USD/JPY Analysis: Bearish Mood This Week Touch 110.80 Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower. Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming days. In the daily chart, the pair settled below its 20 DMA Thursday and was unable to regain the indicator in the last trading day of the week, now battling with a flat 200 DMA. The 100 DMA in the mentioned chart heads south at around 110.80, while technical indicators turned horizontal around their midlines, leaving a neutral-to-bearish stance. Shorter term, and according to the 4 hours chart, the technical stance is the same, as the price settled below its 20 and 100 SMA, but above a flat 200 SMA, this last at 111.35, while technical indicators lack directional strength but hold in negative territory. If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target. Macro Jahutu is involved with Financial Facts. It can be stopped by. Junk is at the top of the stock market, profit taking mast. The rate does not increase this year, it is also macro-bound, but it will not be able to counter JPY's just against the dollar and some gold. But it would be difficult to contrast Aussie.And for the macro, the opposite of JPY is weakened by the dollar. If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target. But Most Fast Response Scenario 111.25 1st Target, Break Out 110.50 / 60 Target 110.50 Breakout Tough, leaving the reports so far, where the report is better than expected. If the weight loss is 110.50, then the next target is 109.85 / 70 area. When the break out, the next target 108.50 and 108 final target. Technical Level: =============== Support levels: 111.35 111.05 110.80 Resistance levels: 111.75 112.10 112.40
Long
by Saleh11