A fakeout (false breakout) signalled by a bearish harami candlestick pattern just above the 125.402 horizontal resistance level has just provided a selling opportunity for the USDJPY currency pair. A reward-to-risk ratio of above 4.00 is possible with stop loss at 126.005 and target at 123.531.
CADJPY Symmetrical Triangle. Entry at Retest. Entry at Engulfing Candlestick.
GBPJPY Symmetrical Triangle. Take Profit at 158.066 Price Level.
CADJPY price is still increasing. I still have open positions since the initial trade idea on 2022/March/09.
EURJPY Entry at 128.998. Take Profit at 130.800.
Price closed above diagonal trend line and horizontal line. Set take profit at 125.337.
Take profit at price level 79.087. New Zealand Dollar / Japanese Yen
Continue to hold on to short positions for CADJPY. Once price breaks and closes ABOVE blue trend line, then exit short positions. Note: The series of lower highs is a sign that CADJPY is getting weaker.
NZDJPY Target Price 77.580; Price broke horizontal price level 77.107; Price retested horizontal price level 77.107; Enter a long entry at 77.210
Price closed above 115.058 and retested the level with bull candlestick. Enter at 115.518.
Pin Bar at horizontal level 155.754. Go long. Entry at 156.268.
AUDJPY is expected to reach 83.989 within 72 hours.
Entry Price 131.476 Target Price 133.481. EURJPY Bullish Momentum Is Expected To Continue In The Next 72 Hours.
Wait for a pullback between 76.779 and 77.314 and then watch for bullish price action signal. Key resistance comes in at 77.314 and 77.917.