USDJPY and GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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Usdjpysell
USDJPY Sell on Hourly ChartExpecting USDJPY to shoot downwards after breaking the 136.000 price range the Bollinger bands indicates this as well. Prices were in this area last week as shown. The pairing has been bouncing between the prices of 137.600 and 135.300 this week, not breaking either. There has been a lot of volatility due to the Jackson Hole conferences today and tomorrow and I am expecting it to continue.
Sell Entry: 136.100
Targets: 135.900 | 135.725 | 135.300 | 135.000
Support 134.800
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USDJPY H4: Bearish outlook seen, further downside below 137.50On the H4 time frame, prices are facing bearish pressure from the resistance zone at 137.50 which lines up with the 78.6% Fibonacci retracement level. We could see a reversal below the 137.50 resistance zone to our support zone at 135.50 which is also the graphical support zone and 38.2% Fibonacci retracement. Stochastics is testing resistance as well supporting the bearish bias.
Great Opportunity To Sell USDJPY ??? Awesome R/R On This Idea!USDJPY has now moved into the key selling area between 136.4 -137.4 this is the actual area that caused the huge sell off down to 130.5 at the start if this month. It was also the area that broke the weekly trend line . We have retraced back to this level pretty quickly meaning it's highly likely we will see large selling action around this area.
I will wait for a 4HR or 1HR MacD divergence or a sell signal before entering the position in this area, if the trade triggers can expect a drop back down to 130 or below. My stop loss will be around 138 great R/R on this trade idea
If we get a daily break and close above the 138 then can expect a move up to test around 140 which will be a huge interest area
USDJPY near to complete its correctionHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about USDJPY
We can see a market break its strong resistance in D1.
So we are expecting a strong fall near resistance.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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USDJPY possible sell zone!!USDJPY (4H) has formed a daily head & shoulder and has broken down. On the 4H price laready grabbed liquidity and has formed a bearing price action. also currently rejecting the monthly resistance zone. Upon close, USDJPY may drop to a daily support level.
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USDJPY ForecastWhile the price falls below the 133 mark then, a fall below 130 is expected before an up wave.
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Jamie Gun2Head Idea - Selling USDJPYTrade Idea: Selling USDJPY
Reasoning: Potential bearish flag on hourly chart, looking for losses to be extended today
Entry Level: 132.53
Take Profit Level: 130.38
Stop Loss: 133.35
Risk/Reward: 2.62:1
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