Usdjpyweekly
USDJPY dropping nicely, remain bearishSell below 114.07. Stop loss at 114.77. Take profit at 112.90.
Reason for the trading strategy (technically):
Price continues to drop nicely from our selling area. We remain bearish below 140.07 resistance (Fibonacci retracement, horizontal overlap resistance). We also tighten our stop loss to 114.77 to protect our profits. Profit target is at 112.90 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing pullback resistance at 69% which corresponding to the reaction we are seeing off 114.07 in price. We hope to see a stronger reaction for a further drop.
USDJPY profit target reached perfectly again, time to buyBuy above 112.58. Stop loss at 112.21. Take profit at 113.75.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target from yesterday. We turn bullish above 112.58 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 113.75 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) is seeing strong support which is signalling to a price bounce.
USDJPY bouncing nicely, remain bullishBuy above 111.35. Stop loss at 110.10. Take profit at 113.15.
Reason for the trading strategy (technically):
We remain bullish above 111.35 support (major Fibonacci retracement, horizontal overlap support, Fibonacci projection) for a push up to at least 113.15 resistance (Fibonacci retracement, swing high resistance).
Stochastic (21,5,3) is seeing strong support above the 8% level.
USDJPY - GLOBAL FORECAST of 2017ySo... Seems, it's starting Main C wave or we're still in corrective B wave... That's all.
EURUSD & USDJPY- 1750 pips combinedPrevious Update
EURUSD- Hammered 750 pips
USDJPY- 1000 pips- Upside
Usdjpy short long term perfect trade idea Guys , I share my secret strategy with you ,
You buy at 101.50 to 101.90 area , , 1st tp is 106.80 , When it retrace to 104.30 or 104.50 level again buy opportunity and Tp 2 is 111.00, SL IS 99.90, it`s long term trade
Remember Patience is the key to success
#usdjpy Bearish crab at 50 Fib RetraceCan easily run up to 115.5. As always, will be watching price action closely.
USDJPY October 24 Outlook and weekly forex analysisUSDJPY October 24 Outlook and weekly forex analysis
As we can see, descending triangle pattern already perform since last October 12 on USD/JPY, as long as this pattern not break, play inside this pattern will be a perfect idea.
In short position, stoploss above pattern resistance, and in long position stoploss below support level
- if the pattern break down, september resistance will be a good support level on USDJPY this week, this level also as September 21 resistance, and october 09 support. If descending triangle pattern break down, this strong support zone will be a good tahe profit for shotr position and to consider re-entry long position. As we see with fibonacci pattern, 182.84 are 1.414 fibo point. In this week, if triangle pattern break down, this level will hold bearish movement.
- if USD-JPY break up, we see inverted head and shoulders pattern perform. The best idea for this pattern are wait for neckline break, and entry at retest neckline. Target profit will be at inverted head and shoulders pattern projection. October 06 resistance are the neckline position for this week. To be able to confirm bullish trend in USDJPY, we should wait this neckline break first, and enter long position at neckline re-test. And we have a resistance (as lvl2 confirmation)
USDJPY Shorts to 104.xxLovely time to get short on this pair, yen helicopter money ruled out and the buildup ahead of FOMC this week will both aid in this cocktail of strength for yen pairs.
All eyes on BOJ towards the end of this week with their interest rate decision.
Thank you for all the kind comments, I am humbled by your response - Please support with a like and comment!
Trade this one with care, and GL!
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USDJPY - 6400 Pips Trade ! Time To Make Good Money !Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential trade for at-least 6400 Pips!
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points for both sides (Short & Long).
If you follow this trade properly , this single trade will be enough for a year :)
I have also posted a 4hr chart for a short position.
.TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 106.000, you can still catch 400 pips till TP1 is reached, however there may be a pullback , It is recommended to enter with a smaller lot size if you want to take a long position right away & manage your stop loss accordingly.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Don't forget to like, If you like my analysis :)
Multi timeframe analysis on YEN vs USDhere is my take on this pair on 3 different time frames :
Monthly :
We hit a major trend line dating back to 2002. Considering this pair has been a bull since 2012. what we see here is basically a pull back that took place from 1/7/15 till today. if by any chance we break the trend line, then this pair shall be officially bearish and may go back to 2012 low''s. We also just got out of RSI oversold position. I doubt we are going to visit it again. my take is bullish unless we break the trend line.
Daily :
We have a small trend line break out, which is already broken in 4hr time frame and a bigger trend line which am expecting the price go to. Based on the analysis on the monthly, we should break the bigger bigger trend line too. but till we reach there I will remain bullish and watch for price action. We are also just getting out of oversold RSI territory and MACD shows bullish signs.
4hr : Minor trend line is broken, expecting a small pull back and movement to the upside at least to 107.450
This is just a analysis and my take on this pair, please do your own research before taking any positions or even considering to do so.
USDJPY Chart Update: Downtrend ContinuesOn the weekly this FX pair has been in a downtrend for many weeks, on the daily the USDJPY has been barely tradable. Sometimes the higher timeframes just prove to have the smoother trend. Apply it to your style of trading.
Hold on to USDJPY shorts, next support at 105 and 100 will follow.
USDJPY - Get ready for the upside ride. Be Seated.As seen in the weekly chart. We see price is indicating a bullish momentum to develop again in the pair.
1 - We are at the 38.2% Retracement Level of the major upswing.
2 - Price respecting the uptrend line, perfectly.
3 - Hidden Bullish Divergence in existence, shouting another push up is welcoming.
Good Luck, let us see how the market trades it next week.
Just to add, we have an Inverted Hammer in the Daily Chart, giving the Bulls another breather room, upside potential exists in this pair.
Key Support Shelf Broken on USDJPYWith a major structure level at 115.561 being broken USDJPY appears to be very bearish in the upcoming weeks and months. With the implementation of negative interest rates, and break in support USDJPY is likely to revisit the 110.00, 105.00 and potentially 100.00 levels.
Usd/Jpy Weekly AnaylsisUSD/JPY Weekly outlook, we have a couple reasons to think this is a bullish retracement.
Returning into the weekly drop.
Something to look at.
Forex Analysis And Trading Tips - USDJPY LONG!USD/JPY
113.78
Market managed to hit below 112.50 yesterday in a sign that market may have another dip toward 111.50-60 zone before resume the rebound correction toward 115.10 zone
short-run still showing ability to continue trading zone between 111.00 – 115.10 , while below 111.00 expect 110.00 zone and below
Support Resistance
Level 1 112.15 113.40
Level 2 111.50-60 114.00
Level 3 111.00 115.10
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Daily Market Report - USD/JPY - 10th Feb 2016USD/JPY
Japanese Yen sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern
Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60
As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60
Mid-Run: market showing strong bearish signals after breaking below uptrend channel which may lead the mid-run toward farther drop toward 106.60
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