Usdjpysignal
USDJPYAs I said in the last weeks ... UJ went up as I said last weeks and approached the trend line and rejected from the area 109,800 where there is a very strong resistance!
.... even if maybe it will go up 30-40 pips UJ will reject from the trend line and will go down to the 107.800 area or even 106.800 from where ... UP AGAIN!
THIS WEEK...as I said last week, UJ has forced the trend line formed in recent years and strongly rejected!
UJ is in a range area between 110,200 and 108,200 but as you can see from the trend line for 1 week and from the Fibonacci for 1 month ... it is a lowering range reason why I will continue to look for SELL even if UJ will test the trend line again! |
However ... a close even for 1 day above the trend line forces me to think of BUY until the Fibonacci 0.5 area from where ... DOWN AGAIN
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USDJPY SHORT IDEAThe USD/JPY pair hit 110.19 on Friday, its highest since early April, retreating afterwards to close the week with gains in the 109.80 price zone. The pair soared amid the prevalent dollar’s demand, easing ahead of the close on the heels of lower US government bond yields. The yield on the benchmark 10-year Treasury note peaked for the day at 1.62%, settling at 1.58%. Meanwhile, Wall Street managed to close in the green, although gains were limited as higher US inflation figures weighed on the investors’ mood.
Therefore, the Bearish bias will be suggested in the upcoming sessions unless breaking 110.50 and closing with a daily candle below it .
USDJPYAs I said in the last weeks ... UJ it went up as I said in the 109,800 area from where it rejected strongly and now I will look for SELL up to the Fibonacci 0.5 area and even lower to the Fibonacci 618 and from there .... BUY up to 112,300
THIS WEEK...UJ went up as I said last weeks and approached the trend line and rejected from the area 109,800 where there is a very strong resistance!
.... even if maybe it will go up 30-40 pips UJ will reject from the trend line and will go down to the 107.800 area or even 106.800 from where ... UP AGAIN
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
USDJPY LONG(signal)Hello friends.
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Everything on the chart.
target: 109.97
stop: ~109.06 (depending of ur risk). ALWAYS follow ur RM .
risk reward 1 to 2
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USDJPY | Perspective for the new week | Follow-upWith an astronomical 500pips run in our direction since my last speculation (see link here below for reference purposes); It appears the character displayed by price action lately has found a safe haven for Supplication @ Y109.500 area thereby welcoming a Selling bias for me in the coming week(s).
At this point in a very Bullish trend, the market is looking as if it is trying to figure out where to go next as the thrust from Pivot III did not have enough momentum to find a new high and considering the sharp rejection of the Y109.500 area during last week trading session; it appears that the Greenback risk a further decline. Can inflation rescue the dollar? Let's see!
Tendency: Downtrend ( Bearish )
Structure: Supply & Demand | Trendline | Reversal pattern
Observation: i. The Bullish run that began late January 2021 which is characterized by series of higher swing highs and higher lows appears to have found a peak @ Y111.000 after what looks like a setup transitioning into a downtrend after hitting a brick @ Y109.500 level.
ii. The present structure has a high tendency of changing to a series of lower highs and lower lows in the coming week(s) as I anticipate a Breakdown of the Bullish trendline in the nearest future.
iii. I will like to call our attention to the Supply zone @ Y109.300/110.000 area; This level was a very strong Sell window before the Breakout on the 30th of Mar 2021 followed by a Breakdown on the 7th of April 2021 and since this day we have witnessed price trading under this level throughout the month of April 2021.
iv. With my Key level holding @ Y108.500, I shall be looking forward to taking advantage of a decline below the key level this week.
v.This been said, there is an opportunity to add a position to your existing trade when price does a further breakdown/retest of Demand level @ Y107.500.
vi. CAUTION: On the contrary; it could be a rally (bullish) continuation when price breaks above Supply zone and retest to find new demand level at this juncture... Trade consciously!:)
Trading plan: SELL confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:5
Potential Duration: 10 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
UsdJpy to resume its uptrend?In yesterday's comment, I said that the long-term trend for UsdJpy is clearly up and the drop from 111 is just a correction.
Yesterday the pair has finished the day very strong and closed above the important 108.30-108.50 important zone, confirming a false break
A small retracement could follow at this point and this could be a good opportunity for bulls to open longs
As I said, 108.30-108.50 is now support, and bulls can have 111 as a target
USDJPY - The Capital is Moving to Haven?Hi,
If we are looking on a bigger timeframe such as daily and monthly chart, USDJPY is on a downtrend channel. Meanwhile, on 4H Chart, there is a downtrend line is being tested. A pull back on the line might signal a further north for the pair.
Earlier today, we saw the drop on US Durable Goods Order that could impact to the USD. If you read my previous idea on EURUSD, you will also read on USD is in the mode of waiting for new catalyst to get strengthening. Therefore, on this one, I am going on long for the JPY.
Happy Trading!
UsdJpy- Strongly bullish above 108.50UsdJpy started the year strong, changing the downtrend ar reaching 111 zone (an 800 pips gain)
A correction has started from 111 resistance and the pair has dropped under 108.50 support.
I expect the uptrend to resume soon and confirmation can come once 108.50 is broken to the upside
USDJPY SHORT ANALYSISUSDJPY have possibilities to go short sell. but we will not trade this setup. I'm sharing this so that you can understand where we have to take entry and why should we trade any setup. In any setup its very important to have a proper strength and entry to make a good profit. Share your opinions.Thanks
USDJPYAs you see in 4h the ABC correction of elliott wave is over plus it has reached a support level and also we see a divergence in a downtrend RSI.
whenever it breaks its downtrend line we may have a different trend however there is a strong resistance at 108.263
.
IF price couldn’t break the resistance level , wait for it to fall and break the support level to the downside and candle closure below this level at 108.800
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
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UsdJpy- Correction over? I'm waiting for confirmationAfter a strong bull run and a touch of 111, UsdJpy started to correct at the beginning of this month and dropped to 108 (Which is also Fibo 50% for the 105-111 leg up)
The drop is contained in a flag pattern and this 108 could be the bottom
I'm bullish this pair and I'm waiting for a buy confirmation