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Usdjpylongsetup

USD/JPY BUY - 20/10/2017 The price showed a significant growth during the Asian session and now is testing the upper limit of the consolidation/level of resistance 113.20 - 113.42. Given such a strong bullish impulse, it is necessary to point out the scenario of the breakout of this level. If the price breaks the resistance out sharply and on large volume, it will be a great bullish signal, so we will be able to open long positions. A stop loss should be placed below the breakout volume bar. A potential of the deal is 110+pips. The bottom line: long positions after the breakout of the resistance.
Long
by trustbrokergroup
USDJPY BUY - 19/10/2017 The yen showed a significant and rapid price increase on Wednesday and now it is trading near the resistance level of 113.20 - 113.42, in which large volume is concentrated and which is also the upper limit of the consolidation. It should be noted that the upward movement was on average volume, which was evenly distributed throughout the chart, so it is impossible to single out a particular level or zone. Nevertheless, given the sharp price growth and the fact that it is located near the resistance level now, it is worth considering the scenario of breakdown of this mark and opening of long positions for the USD/JPY. The breakout movement must be sharp and on increased volume, after fixing the price above resistance, you can open purchases. Stop loss is worth a breakdown volume bar. The potential of the deal is more than 110-120 points. The bottom line: long positions after a breakout of the resistance.
Long
by trustbrokergroup
Long enter at 112.65= target around 114.55-65 SL 111.70 RR=1/2.4Long on a pull back of the small wedge breakout in h1 and also the brealout of old big range for targeting the downtrendlie since august highs 2015,is that AT shows The tension with NK it calmed down as i can see the reaction of stock and gold the BOJ maintain strongly them super power accomadative policy Yellen speech again mid hawkish tone -FOMC+Yellen at last meesting was Hawkish and add 1 rate hike than the market priced -Dollars have room on the daily chart to go more u p easily -Many rate was hiked and dollars have down too much since that. -Some pair like EURUSD -0.51% - GBPUSD -0.49% have room for consolidate more than today (26 sept) - IN short-middle term i see the dollar strenght same as today and is legit. -FED say they will start Tapering soon. Only if Again a surprise about NK will make my trade in not good way Target = 114.55-65 SL = 111.70 RR 1/2.4
Long
by corsicasia
USDJPY - Long SetupHello Traders, -Remember our last trade closed at break even? -Our first trade entered by pending order at 108.63, closed trade automatically at 109.77, win 100 + pips. -If you missed it use fib levels to find an entry. -What now? Looking for second entry to target 1.272 IF the risk off trade fades. -N.Korea-US-Japan political risk driven USDJPY to 108.30 and recovered soon to our target. -Don't chase the price, let it pull back. Trade with care Good luck!
Long
by HumairDawood
USD/JPY Near Term Set up for LongFX:USDJPY Long Entry 1: 109.0, Stop Loss 1: 108.75, Target 1: 114.4, Risk to Reward Ratio: 1:19.4 Entry 2: 108.3, Stop Loss 2: 108.00, Target 2: 114.4, Risk to Reward Ratio: 1:28.33 Trade cautiously and await for confirmation of entry signals Consider the horizontal channel which repeats itself over a 1- 1.5 Month Period Support levels at 109 & 108.35 Resistance level at 114.4 Awaiting moving average cross over 4 hour RSI Index overbought Bottom of Bollinger Bands - awaiting reversal Good Luck!
Long
by kct-perspective
USDJPY dropping nicely from resistance, remain bearishSell below 111.56. Stop loss at 112.27. Take profit at 110.29. Reason for the trading strategy (technically): We remain bearish and continue to sell below 111.56 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 110.29 support (Fibonacci extension, horizontal pullback support, Elliott wave theory). Stochastic (21,5,3) is reacting nicely off our intermediate resistance at 68% where we expect a further drop from. Correlation analysis: We are seeing JPY strength with AUDJPY and USDJPY expecting drops.
Short
by MEX_Exchange
2
USDJPY change in structure, prepare to sellSell below 111.56. Stop loss at 112.27. Take profit at 110.29. Reason for the trading strategy (technically): We prepare to sell below 111.56 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 110.29 support (Fibonacci extension, horizontal pullback support, Elliott wave theory). Stochastic (21,5,3) is reacting nicely off our 93% resistance with good downside potential. Correlation analysis: We are seeing JPY strength with AUDJPY, EURJPY and USDJPY expecting drops.
Short
by MEX_Exchange
USDJPY bounced up perfectly to profit target, remain bullishBuy above 111.38. Stop loss at 110.64. Take profit at 112.90. Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area and is fast approaching our first profit target. We remain bullish above 111.38 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 112.90 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,5,3) is bouncing nicely off our 1.2% support as expected
Long
by MEX_Exchange
USDJPY bouncing nicely as expected, remain bullish for a furtherBuy above 110.88. Stop loss at 109.97. Take profit at 112.42. Reason for the trading strategy (technically): Price has dropped further to our buying area and has now started bouncing off our key support area. The plan is to remain bullish above key support level at 110.88 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a bounce above this level for a short term correction to at least 112.42 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is bouncing nicely off our 1.2% support as expected
Long
by MEX_Exchange