USDJPY Analysis 19July2023today the movement of this pair looks bullish after the market structure has made a new HH. still in accordance with the previous analysis, the target price is at fibo 0.382
Usdjpytrade
USDJPY Analysis 16July2023for two weeks experienced a deep bearish as far as 700pips, this pair is positively included in the bearish trend. at the end of the week there was a correction which if we pull the fibo retracement until the end of the week still reaches the level of 0.786, I estimate this correction can reach the level of 0.382.
USDJPY Next MovePair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Completed " 1234 " Impulsive Wave
Demand Zone
Fibonacci Level - 50.00% / 61.80%
Exp FIAT in Short Time Frame as an Corrective Pattern
RSI - Divergence
USDJPY 29June2023if you look at the price movement in the past week it looks very slow but the price is still moving bullish, this looks like price compression. usually when something like this happens, in the near future there will be a fairly high price jump.
the initial target is still the same, namely in the fibo extension area of 1,618 and it could be that the price jumped high towards the SnD area above the fibo extension.
USDJPY: Breakout bullish channelEven if sellers break the immediate support level at 143.20, a two-week uptrend around 142.40 acts as an additional downside filter.
Notably, the upward sloping trendline from early May and the 200-SMA, near 140.80 and 139.40 respectively, serve as additional support levels for the bearish USD/JPY before taking control.
On the other hand, an eight-week-old uptrend, with a slowest near 144.30, limits the immediate upside of the USD/JPY pair.
USDJPY 23June2023if you look at the elliot notation and fibo extension placement, then wave 3 is right at 1.618, which means wave 3 is already 1.6x longer than wave 1.
I want to predict where the USDJPY price moves using the fibo extension, and it could be that the price goes to the fibo extension of 1.618 as well. if you look at the trendline, there is a possibility that the price will respond positively to the trendline, which also meets the fibo extension area.
I think this notation is quite correct, because wave 3 is not the shortest wave. as evidenced by the price at 1,618, and wave 5 could be a bullish continuation, this type of bullish can run for quite a long time. if you want to go short, it's better to wait for a fairly positive bearish confirmation.
USDJPY 1DUSDJPY on Daily TF looking forward to taking orders from POI Area while covering the Fair value gap
we can see sell trades in the POI area with a complete risk-reward ratio
Just my thoughts:)
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY 16June2023I'm waiting for this pair to go to Resistance and will re-observe whether the bullish will continue to strengthen, or there will be a reversal. for now I still see the bullish still strong.
USDJPY 11June2023when wave 5 looks over, now enter the correction period, I have not added the new elliot notation, I have not seen the pattern that will occur even though the price movement looks positive for a correction. short term the price will drop to the SnD area with invalid restrictions, when the price moves higher than the invalid area it could be bullish again or there may be a fake break out.
USDJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY 2June2023wave 5 is most likely completed. the price is right at fibo extension 1. the length of wave 5 is the same as wave 3 and currently the price is trending down. i am looking for opportunities to short this pair.
USDJPY - Short IdeaUSD/JPY is losing a bullish momentum after USD had hit a six-month high at 140.93. Break of 138.22 will confirm a bearish trend. In the long term, this currency pair will move between 151.93 and 127.20 for the next few years.
USDJPY AnalysisUSD is much stronger than Japanese Yen. Japan economy is not in the good condition. As per my analysis Yen will remain weak for the whole next week. Better to look buying opportunity on it.
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY 21May2023USDJPY looks bullish, there is a possibility that next week there will be a correction at the 50% Fibo. It can be seen that there is an SnD area in that area as well. As long as the price doesn't drop more than the invalid area, I recommend looking for opportunities to go long
USDJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY And The Next MoveHey Traders,
We looked short and called USDJPY very well.
That's because we rose to previous Key Price action zones within downside movement.
We can now look at nearer term long zones and rebounds.
Watch for more.
USDJPY Potential Breakout TradeUSDCAD currency pair moving between the ranges, wait for potential breakout and place your buy and sell stop orders to take breakout trade.
USDJPY BuyUSDJPY is taking support on its major levels. Japanese yen is not stronger, as we all knows Japan did not increased it interest.
Get USDJPY Entries Short Correct On The Next MoveHey Traders,
If you are wondering where to RE short in trend on USDJPY, then you'll need to look for a few things.
These factors aid you in RE shorting USDJPY.
Watch to learn more about how it's done.
Any Qs please post below.
