Usdjpysetup
USDJPY LONG Brake Out 1 HR Chart#USDJPY # EURUSD
Hello to all watching my charts
Today we have an outbreak Long in USDJPY
from the short trend since 12.7.19
Nice longsetup in my shorttime channelsytstem (Purple lines)
and break out is also to check as brake out of the middleterm
channel in blue since a few hors.
We have a political driven week...
Stay long
Good trades
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Renkotrade
USDJPY short - EQUIY.Dear traders,
So as you can see we expect USDJPY to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also in a strong institutional sell zone that’s been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en created a nicely “M formation”.
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USD -JPY long term short on montly - bullsih on 4 hourIf we see for long term prospective the trend is bearish .
it has to come down a lot .
but it will fall down with lot of ups and down .
for short term -> can long upto max 111.477 but take care it can rebound back from 110732 and strong sell can be seen .
if it breaks 109.702 then short the pair. take care of 108.797 strong area can long and get some pips till 109.627 and then again strong sell may happen.
Analysis is done on the gan fan , fibo and price action.
enjoy :)
safe trading
USDJPY recovery above long term trend lineFX:USDJPY
Price has just pulled back above the long term trend line drawn (on H4 and D1 tf) following the flash crash from last week.
Note the marked bullish engulfing candle pattern printed on support signalling the potential move higher.
I have opened a buy order at market price 109.042 with
*Stop loss below the support where I feel that the setup would become invalidated @ 107.771
*Provisionally targeting the 200ema @ 111.409 and then the major resistance IF price pushes higher to 113.589
Don't bet the farm, always exercise good risk management
USDJPY BIG DECISION TIMEHello everyone, looks like USDJPY pair is at a crucial level. Will we continue to reject the resistance trendline and move to the support trendline? Or will we break right through and make a move to the upside? Both situations are very probable but I'm leaning toward a weaker USD and we move to our downside targets. Lets see how this plays out. It will be fun!!
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 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.