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Usdjpysell

Is the wave 5 completed for USDJPY?Is the wave five impulse completed for the USDJPY or will we see one more fake out to the upside to catch traders the wrong side? We're neutral about the price action at this point BULL CASE Price could break 115 again and this may bring price up to even the 116 levels before a major correction. If this happens the downside target will be larger at around 111. BEAR CASE Price could be ready to move down from here, If this happens, we're looking at the 112.7 levels before some support is met.
by IkanBilisCapital
2
A divergence signal appeared with USDJPYH4 time frame. Structure: Uptrend. After the price rallied to the 115,000 resistance area, there is now a divergence signal and a double top on the 4-hour timeframe. Waiting for the falling price to break the Key level 112,800 and have a signal to confirm the downtrend, then we can find selling opportunities. Profit target is the price zone 111,000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
Indecision for the USDJPYThis chart looks indecisive, the bias is to the upside. If it is going down, there's going to be a long struggle where price trades sideways for an extended period of time. From an elliot wave perspective, looks like it is due for a wave 5. BULL CASE Price to break farther up from here, retest the top of the channel and find a higher high. This could be a rather short wave and we may find rejection as soon as 115. BEAR CASE The downside should be rather capped for this pair and if there's a big one coming, it will need to trade sideways for a bit.
Long
by IkanBilisCapital
USDJPY at an inflection point.Is Biden going to drop Powel? That's the million dollar question. Inflation is on the verge of bursting out in the US, if that happens, we will see price break out of the channel to reach higher heights. Otherwise, a rejection at the top of the channel to remain status quo is set to play out. BEAR CASE Until proven otherwise, our bias is status quo, we are expecting a price rejection at around 95.5. BULL CASE If price breaks out convincingly, we will wait for a pull back to make sure it's not a fake out and go for a long. The retest at 95.5 after a break out is in our sights.
TVC:DXYShort
by IkanBilisCapital
USDJPY , Its time to sellHello guys According to last analysis about USDJPY we shown resistance zone and now the price is in it and it seems that is making a triangle and its ready to fall down We can be in position short with nice R/r and take profit until the 1st target and if the price can break the first target powerfully we can use our strategy for the second target And we check the chart in multi-time frame and in 1h time frame we took another acceptance for taking short position Dont Forget use stop loss and money management Previous analysis : Good Luck Abtin
Short
by Abtin00
USDJPY short with 4x Confluences. Confluences listed: 1: Trendline breakout and close on the Daily timeframe 2: Change in market structure and new low has been formed 3: Break and close below support around the 113.3** area 4: Double Top Pattern Formation Summary: Entry will be taken during the NY session. The trade has a potential RR of 2: 1 or more, depending on how deep the pull back is next Monday. If the trade is any less than 2:1 RR we will not be looking take the trade. Target are set using fibs from the high to the low of the breakout candle.
Short
by NDOBObanks
1