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Usdjpysell

USDJPY- Perspective -Disjoint channel USDJPY Though the long term downtrend was imminent in USDJPY it has managed to bounce from 102.600 towards 111.00 level where it met some major resistance and started falling towards south.Series of Lower low and Lower high patterns are forming and forming clear downtrend channel.Currently the 5th Elliot wave is underway.The lower side trendline adnd 108.00 (key psychological level) will be a another reason for buy.Comparatively the DXY is in downtrend in recent days and the yield of bonds was declining so its better to short this pair now.Break and retest will pave a way further for bear. The current price was well below the 03 Exponential moving averages (50,100,200)&Point of control *Price-below price action level *Price below point of control *Price below 03 EMA (50,100,200) *Fundamental support-JPY over USD *Downtrend channel *Elliot wave-05 underway (Bearish trend) Disclaimer! This chart represents the future expected move only-Not a financial advice Appreciate good works- “Don’t judge each day by the harvest you reap but by the seeds that you plant”
Short
by forexorbit
USDJPY SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity USDJPY . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by BULLSS1993
8
Long-term look at USD/JPY, has it started peaking?Overview - USD/JPY's bullish run since January this year has been quite phenomenal. Thanks to the combination of stronger US Dollar and a weak Japanese Yen( owing to strong equity market performance), USD/JPY has appreciated 8% in a span of just 3 months. However, it looks like UJ might be peaking Analysis - From the chart, you can see that price is moving within this price channel since 2017 and UJ has reached the top of the channel where it has faced a small rejection recently. The bulls may try to break this resistance once again. However, the area between 110.50 -112 will continue to offer resistance. Probable trade set-up - Based on the analysis, if price is unable to break the 111 resistance and bearish pattern forms at the top of the price channel, it might be a good opportunity to sell USD/JPY@110 level and target 108 as initial TP. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Short
by MarcellusLUX
24
USDJPY SELL ! Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity USDJPY . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by BULLSS1993
11
USDJPY: Keep 109.30 on Your Radar Next WeekThe USDJPY is testing a multi-year trend line from the 2015 high. The level connects with the February 2020 high, which preceded the March decline that sent the USDJPY 1,000 pips lower. As you can see, the market is challenging the resistance level today just above the 109.00 handle. Whether you see today’s retest as a selling opportunity or an upcoming bullish breakout depends on your outlook. I have a relatively neutral stance at the moment. A close above 109.30 could offer an attractive buying opportunity. On the other hand, bearish price action on the weekly chart could send USDJPY lower. However, the daily chart may offer some clues. Notice how USDJPY is consolidating below 109.30 on the daily time frame. That may be an indication of an imminent break higher. Usually, consolidation just below a key resistance level is bullish. We’ll have to wait and see if that’s the case here, but so far, I have no reason to be bearish, much less short the USDJPY. If buyers can clear 109.30 resistance next week, it could send the pair toward the 2020 high at 112.00. Alternatively, bearish price action from the 109.30 region could offer an opportunity to get short. That said, the bearish signal would need to occur on the weekly chart to help offset the bullish momentum we’ve seen since January. Trade idea: Watch for a buying opportunity following a close above 109.30 next week. That would open the door to the 2020 high at 112.00. Alternatively, bearish price action on the weekly chart could present a selling opportunity. That said, USDJPY has shown strong bullish momentum since January, so I have to respect that for now. Link Daily Chart - Link Weekly Chart- If you like this Idea, kindly smash the Follow & Like button & support us! Thanks!
by EagleForexTrade
USDJPY - SWING - 17. MAR. 2021Welcome to our weekly trade setup ( USDJPY )! - 1 HOUR Very strong bearish price action. 4 HOUR Closure below main sr level. DAILY Expecting more downside pressure towards previous lows.. - FOREX SWING SELL USDJPY ENTRY LEVEL @ 108.850 SL @ 109.190 TP @ 108.390 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
48