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Usdjpylongsetup

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