USDJPY short There are two possibilities
The first
to make down move to TP1 area and then break the last top
The second
a bearish wave without breaking the top and make correction within TP1 and TP2
In both cases, we are making down move to TP1
I always advise those who have experience and were not able to sell from the top to wait for the retracement wave and can enter the 50%-60% areas as happened in the SP500 chart
TP and SL positions have been identified on the chart
good luck
Usdjpyweekly
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY
- At this point, USDJPY is getting somewhat RANGE. The reason for that is that with US ECONOMIC DATA being POSITIVE, UJ was BUY very well until last week. And FED UPDATES were very POSITIVE. Last Friday's LABOR DATA shows that the dollar continues to strengthen. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market. LABOR DATA is due this week.
- Currently, the MARKET is becoming RISK ON, that's why the JPY is WEAK. According to the USDJPY ANALYSIS we gave earlier. But JPY is getting STRONG against USD.
- There is definitely a high chance that USDJPY will go UP a little more and move to 145.60 LEVEL. Anyway, USDJPY price can go down to 136.00 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE. usdjpy
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY
- By this time USDJPY was very well BUY with US ECONOMIC DATA being POSITIVE. And FED UPDATES were very POSITIVE. So the JPY automatically went down. The other reason is that MARKET RISK is ON. And JPY WEAKNESS came according to their ECONOMIC PROJECTION. Therefore, with the SENTIMENT in the MARKET, the JPY became WEAK in a very short time.
- Currently, the MARKET is turning on and off a bit, that's why the JPY is going down. According to our previous USDJPY ANALYSIS, the USDJPY UPSIDE WAVE is going UP around 205 ++ PIPS. I hope you get it.
- There is definitely a possibility that USDJPY will go up slightly and move to 147.561 LEVEL. The reason for that is because the MARKETS RISK is already on, so it can happen. After that, the USDJPY price can be SELL at 132.669 level by BREAKING the TREND LINE. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
USD/JYP (US DOLLOR VS JAPANESE YEN) MAKING TRIANGLEUSD/JPY (WEEKLY) making a contracting triangle on a Primary degree B of Cycle degree 4th. We are currently on an E wave of an Intermediate degree of a triangle. we are most likely to come down for A of E of a triangle. We can see 3 waves down as an A-B-C pattern on the E wave of the triangle. Most probably we are just finished D of the triangle and we are likely to push down for E as my preferred count (projected by the black line) and if we have not finished D of the triangle so we can go to break recent high as an alternative count (projected by the red line) and after that, we will come down for triangle continuation.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
USDJPY Movement for weekly (30 Aug - 06 Sep 2021)Hellooo...My Dragon Friends
I see USDJPY for last one week not going any where.
but candle move going smaller, make Symetrical triangle.
Lets see where blue line will break. break up line will going up and break down line will going down.
Lets See
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USDJPY - Outlook 11 October 2020 (Consolidation phase) Hi all traders,
This is a video analysis on usdjpy.
As always, i have mentioned some of the important levels for traders to take note.
If it does happen, please trade safely and scalp some pips out of UJ.
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USDJPY CATCH THE IMPULSE MOVE EARLYThis is another big move in our arsenal, the USDJPY has been making its move in a channel which can be identified as an ending diagonal for the wave 2 before making a nice impulse move to the upside. In the meantime, USDJPY would search for that liquidity which we believe is in the zone of 91-100. TRADE WITH CAUTION. Follow for the mini time-frame moves