USDJPY - WEEKLY - SELL SETUPUsdJpy - Weekly chart - Expecting a strong yen over the next few weeks/months. Great sell setup for this pair with a great risk to reward ratio.
Usdjpysetup
USDJPY approaching 2012 trend lineUSDJPY (Daily) is nearing five year long up trendline, will price break the trend line ? or will be this another retest
to break 2015 highs ? Since last year this pair is moving side ways with successful retest of support zone three times.
Now price is in the support zone and RSI is over sold @25. Last time RSI oversold like this in the support zone was
back in April,2017 after that price zoomed to the resistance. This time support zone is the confluence of 2012 trendline,
50% and 61.80% fib retracement from August 2016 and 38.2% fib retracement of 2012 low.Break of this trend line
will bring this pair to 100.
USDJPY ShortI am thinking of shorting this pair with some specific entry points. Could be either 10 pips below the support zone or inside the resistance zone. Forecast is that it would go down up to 109.900 level. Might take a few days or weeks to reach tho.
USDJPY Needs to find its wayWith the start of the year Banks started to talk about YEN will be stronger in 2018. With this move USDJPY and other YEN pairs started to hype up. Even Unemployment rates' news came positive from US side didnt effected chart well to take it up back to 113. band. We saw the USDJPY moves and consolidates around 112.80 and 112.20 band. With todays Eu session opening we expect a bit higher points around 112.40 which fibbo %78.6 holds abd also minor-major uptrend line. If we see a breakdown on trend chart will continue its way up till 112.80. If it bounces back it will retest our supportive area at 112.20 -112.
USDJPY Double Bollinger Band SpikeHi traders,
Double Bollinger Band Spike on the USDJPY, preparing for a short sell here. Keep in mind to put the trade to break even since we trade with momentum. RSI Divergence is present as well.
(This is not a trade recommendation!)
Trade setup in USDJPYLook for a break out in triangle, if it breaks down side support can be on curve line with confluence of 50%
Sell USDJPY Based on Multiple Chart Patterns on Weekly TimeframeThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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USDJPY BuyUsdjpy Buy at 112.64 tp stoploss below 112.25 tp is 114
Weight of evidence :
Trendline support
Dollar strong
Previouse resistance become support
Fibonacci level
Good luck trade with care
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USD/JPY TriangleFX_IDC:USDJPY Triangle Upward Break
Stop Loss: 112.150
Entry: 112.300
Target: 112.600
Risk to Reward Ratio: 2.0
USDJPY Lost It's BearsUSDJPY bearish movement finally lost It's power on sell positions. Finally we saw some buyers still alive on this chart. 108.80-108.60 band both became as a Buy signal and support band for USDJPY and till yesterday It started to move upwards. we saw our first point around 109.10 band and 109.45 minor resistance test in this morning. If this chart holds up with good news from US side it will trigger back up to 110.10 band and 110.75 which major resistance holds up that point.
USDJPY July'17 Teachnical analysis - BearishUSDJPY July'17 - technical analysis - Forex
By. Dian Kemala
After failed to break up resistance level at 114.50, USDJPY perform downtrend, break channel up, and hit lower low at 112.23. This pair also break head and shoulders neckline at 112.95.
The best setup for USDJPY are wait for re-test at neckline to enter short position, with profit target equal range from head to neckline at 111.27. Stoploss above right shoulder at 113.52
With this setup, we aim for 173 pips for this week with 3 R/r ratio.
USDJPY predictionI marked good entry points depending where price is going, its forming a triangle, a classic breakout move depending where it decides to go. Personally I would put both a buy and sell stop at entry points I marked on chart. S/L and T/P just depends on you as a trader and how much you are willing to risk.
USDJPY remain bullish for a further push upBuy above 111.31. Stop loss at 110.45. Take profit at 113.06.
Reason for the trading strategy (technically):
Price has made a retracement to its entry level and looks set for another bounce for a further push up. We remain bullish looking to buy above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance).
RSI (34) has bounced off nicely from our pullback support at 52% and has good upside potential for us to play the rise from here.
USDJPY dropping perfectly as expected, remain bearishSell below 109.66. Stop loss at 108.23. Take profit at 110.40.
Reason for the trading strategy (technically):
Price has dropped strongly towards our profit target. We remain bearish below 109.66 resistance (Fibonacci retracement, horizontal overlap resistance, for a further push down to at least 108.23 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below our 96% level and has good downside potential. Intermediate pullback resistance is seen at 40%.
USDJPY dropping perfectly, remain bearish for a further drop.Sell below 110.66. Stop loss at 111.25. Take profit at 108.23.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area as expected and is on track to reaching our profit target. We remain bearish below 110.66 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a further push down to at least 108.23 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below our 96% level and has good downside potential.
USDJPY Strategic View: Profit target reached, remain bearishSell below 110.60. Stop loss at 112.20. Take profit at 108.15.
Reason for the trading strategy:
Price has dropped perfectly from last week and reached our profit target. We remain bearish looking for price to drop further below 110.60 resistance (Fibonacci retracement, long term descending resistance, horizontal overlap resistance) towards 108.15 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees pullback resistance at 56% level which is holding price down nicely.
USDJPY profit target reached, time to turn bearishSell below 110.66. Stop loss at 111.25. Take profit at 109.14.
Reason for the trading strategy (technically):
Price has bounced up perfectly and reached our profit target. We now turn bearish with new elements coming into play. We look to sell below 110.66 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a push down to at least 109.14 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below our 96% level where we expect a strong drop from.
Correlation analysis: We’re expecting general JPY strength with a drop expected across AUDJPY and USDJPY today.
USDJPY 1H - 100 PIPS UP & 150 PIPS DOWNWe see first 100 PIPS up and than 150 PIPS down. We are open both sides but in the given range
