USDJPY SELLLooks like a spinning top has formed on the weekly TF. May retest previous highs on Daily TF before making a move down. If previous high is not respected then sell may be invalid.
Usdjpysell
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-
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USDJPY - SWING - 17. MAR. 2021Welcome to our weekly trade setup ( USDJPY )!
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1 HOUR
Very strong bearish price action.
4 HOUR
Closure below main sr level.
DAILY
Expecting more downside pressure towards previous lows..
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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!)
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Have a great week everyone!
ALAN
BUY Trade idea Hello team, price has been in a sideway trend after the bullish trend. with a rejection at resistance we looking to take a short down to support/ demand.
UsdJpy- Back to support?After breaking the descending triangle resistance, UsdJpy is stalling at horizontal resistance, just above 109 figure
Sellers can found a good R:R trade if they target horizontal support
I m looking to sell
USDJPY Sell Trade (My View)As Indicated On Previous Post, The Market Gave Us A Strong Move Up:: Hiting SL But That Doesn't Mean The Set Up Is Not Valid. Re-Opening Trade..Aiming For The LL As Early TP Then TP 1 $ 2 Indicated by Fiibs::: Happy Trading
USDJPY Sell Trade (My View)USDJPY Sell Trade:: TP $ L Both On Chart:: Perfect Entry Here!! Anticipating Strong Move Down!!! HopeFully By End of Today These Are Pips In The Bag:::: {{Analysis Based On Simple Trend Following::KISS}}
Try Adjust SL Slightly On The Chart Is Too Tight::: Forex Can Be Stupid With Unnecessary Spikes!!!
USDJPY SELL SIGNALHey traders, here is the analysis for the USDJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
💡 USD/JPY Potential Swing shortHey traders 👨💻 This pair has just rejected a major trendline, I'm expecting the correction to hit at least the 0.382 Fib. A short position under 108.415 should be a safe option to ride this pair down 💰
USDJPY (Sell Limit)Been eyeing this move for a while looking for a deep pullback before being bullish again.
USDJPY - Its Not OverThe bullish momentum can't end here, we need to tackle some of the higher liquidity pools before we can consider a reversal.
I expect the price to pull back into the order block region marked before continuing to the upside.
USD/JPY: to correct lower soonhi,
bottom line, I do expect 106.60 to happen within 5-8 trading sessions
good luck
Take a short position on USD/JPYAs you can see price is moving up within an ascending channel. It has reached to its highest level now and for continuing to go up it needs a correction. So bearish movement is technically possible
Short USDJPY now, thank me later. If this works out as planned, we're looking for a full bear day ahead of us.
The stop loss is relatively small and the risk to reward is huge.
USD/JPY SELL SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
Notice:
Falling yields are perfect for a USD/JPY short, as its JPY supportive and bad forUSD-Dollar.
Technically also a nice entry to short!
USD/JPY: Day-Swingtrade-Execution
Market-Sell-order: 106,780
Stop-Loss: 107,100
Point of Risk-Reduction: 106,360
Take-Profit: 105,760
Stop-Loss: 32 points (160)pips
Risk: 0,5% - 1%
Risk-Reward: 3,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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SHORT USDJPYUSD and DXY are weakening. I also thought it is time for USD to pullback a little bit.
there is already a SoR on EURUSD, AUDUSD, GBPUSD, and NZDUSD
reason:
lower high on USDJPY and DXY
more than 5 days straight green candle in 1 day timeframe
other currencies are starting to bounce on support.
USDJPY ShortUSDJPY just passed a monthly resistance, monthly high, impulse bear candle, forming bear flag.
