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Usdjpylongsetup

USD/JPY bounced from key zone. If you want to open deal you s...USD/JPY Weekly Overview 7 weeks ago price broke up Range. As you se on weekly chart, when price did it, also currency rate broke up key resistance level 107.94, which become support. Also, 2 weeks ago price bounced up from that key level. For it shows that situation is totally bullish because big players protect key levels. The best place for open deal is near 109.10. Look for Long only on PullBeaks. Long — term Goals: 1.T/P: 111.30 2.T/P: 113.20
by Yuriy_Bishko
USDJPY - Daily Chart AnalysisPrice Action: Bullish Pattern: Overextended inverse head and shoulders. Long-Term Momentum: *Bearish Short-Term Momentum: Bullish Bias: Neutral Action: Wait until price corrects and finds support; however, price does have a chance to run another 100 pips before a major correction. Price closed as doji star. Sunday should give better indication of direction. Comments: Would like to see price continue to run up but chances are slim. Hopefully, USD can continue its push. If so, we will see price move up another 100 pips. No major exponential runup either. It would be nice to see price connect with 29 EMA at some point in time.
Long
by tradingwithyg
USDJPY Bounced Perfectly, Remain Bullish For A Further RiseUSDJPY bounced perfectly above our buying level as expected and looks poised to rise further in this bullish channel. Buy above 109.98. Stop loss at 109.61. Take profit at 110.86. Reason for the trading strategy (technically): Price has made a pullback to our buying level and bounced off perfectly as it continues its way towards our profit target. Our major support buying level is at 109.98 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we remain bullish above this level for price to rise to 110.86 resistance (Major 61.8% Fibonacci retracement). RSI (89) has made a pullback to our RSI and bounced off perfectly too.
Long
by theforexarmy
2
USDJPY in a strong ascending channel, potential for further rise USDJPY remains in a strong ascending channel and is also above our Ichimoku cloud signalling that there’s strong bullish momentum. Price could potentially drop to our first major support at 109.98 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) for a bounce to at least 110.86 resistance (major 61.8% Fibonacci retracement). RSI (89) has made a strong bullish exit signalling that there’s potential for further upside movement. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
USDJPY Rose Perfectly To Our Profit Target, Remain BullishUSDJPY bounced off our channel support perfectly and reached our profit target. Look to buy on weakness. Buy above 109.98. Stop loss at 109.61. Take profit at 110.86. Reason for the trading strategy (technically): Price has shot up perfectly to our profit target after bouncing above our channel support. We now look to buy on weakness to play the further channel strength on USDJPY. Our major support buying level is at 109.98 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we look for the bounce above this level for price to rise to 110.86 resistance (Major 61.8% Fibonacci retracement). RSI (89) has made a beautiful bullish exit signalling that further upside momentum is expected.
Long
by theforexarmy
POSSIBLE CUP AND HANDLE FORMATION AND CONTINUATION ON USDJPY!Hello traders,i hope you all had a profitable trading week as we had a pretty busy week including NFP and a lot of volatility. Let's see what great set-up we have on USDJPY pair. Ascending trend for the pair USD/JPY continues. Estimated pivot point is at a level of 108.71. Main scenario: long positions will be relevant from corrections above the level of 108.71 with a target of 110.80 to 112.10. Alternative scenario less possible :breakout and consolidation below the level of 108.71 will allow the pair to continue declining to a level of 106.90. TECHNICAL OBSERVATIONS 1.We have a rounded bottom and a possible a cup and handle formation as i show with the blue arrows based on previous price action. 2.We can also notice the huge selling volume as i show with the green arrow at these levels that indicates we are about to see a big retracement from these levels or a bullish breakout to the upside immediately. 3.We can see also that the ichimiku clouds are coinciding with the expecting move as we broke the ichimoku clouds to the upside and now we are expecting a re-test of the clouds,the top of the cup and the support level based on price action which all these are the same thing. 4.Important support level as i show with the arrows based on previous price action and top of the cup. POSSIBLE TRADE ENTRY AT 107.80 STOP LOSS AT 106.10 TARGET AT 110.80 TO 110.20 AREA THANKS FOR SUPPORT!! KEEP FOLLOWING FOR MORE PROFITS!! PLEASE DON'T HESITATE TO LEAVE A COMMENT OR A QUESTION!!/b]
Long
by The_Greek_Trader