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Usdjpysell

USDJPY buy from current levelUSDJPY buy from current level ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast
Long
by QuantumLabSignals
USDJPY ANALYSIS ANALYSIS -------------- DAILY TF: BULLISH CANDLES SHOWING WEAK MOMENTUM 4HR TF: BREAK OF RECENT LOWER HIGH 1HR: RECENT HIGHER LOW BROKEN PLAN OF ACTION ---------------------- - WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING SELLS - IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND BUY TRADES ENTRY REASON -------------------- - BREAK OF CORRECTION PHASE STOP LOSS @ TO BE DETERMINED AFTER CORRECTION TAKE PROFIT @ NEXT ZONE
Short
by Terapips
USD/JPY Look For Further DropThis plummeted yesterday and this morning which made for a great trade on yesterdays idea to short. This is now at support so I expect some hold up at this point with a slight retrace before potentially breaking through the next support. I do not expect much resistance to breaking this support so a short can be taken on the retrace at around 105 would be good. This approach is also to make up for the small risk/reward of the trade if I took the normal approach of entering after breaking support and entering on the retest. TP is at 0.618 Fibonacci - 104.264
Short
by olly48
USD/JPY OverboughtDue to the chaos caused in the markets this week by the Reddit group/Gamestop stock buying there have been big unexpected moves that have ruined some ideas on here. The markets have started calming now so expect some retraces. This is very much over bought, RSI is at 77 so expect a pullback soon. I have marked the next high with the blue line which is the highest I expect this to go before a pullback but the pullback may come before reaching this. My TP is at 0.5 Fib which aligns with a previous resistance at 104.000. If you want a safer target you can use 0.382 Fib. SL can be just above the blue line marking the previous high. Wait for sing of a pullback using the MACD and EMA's and 1HR timeframe if needed.
Short
by olly48