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Yenpairs

USDJPY - Trade Idea!USDJPY - It had an interesting move towards the upside....! What a week right! Crazy in the indices and equity market. Little reminder being a trader it isn't a get rich quick scheme....! Technical aspects: Pattern: Bullish Flag (At key area on Higher time aspect) Support: 104.75, 104.51 , 104.15 Resistance: 104.910, 105.10, 105.20, 105.40 You could trade the pull back towards support areas (50-200EMA) Nice target areas! OR wait for the pull back go into long side towards Fib Retracement area, giving a great risk reward. Swing or Scalp - your decision. (Use your own trade plan for further confluence) Things to keep in mind: - End of Months flow - Rebalancing - Weekly Closes further confirmation The Yen isn't a currency pair I trade often, but I see great potential either direction you take towards this trade. Key tip: You don't need to always need to be part of the trade or even the market if it doesn't make sense or you aren't feeling confident. That doesn't mean you sit back, relax and binge watch Netflix - There's a lot you can do out there sometimes analysing the market - Watching the market behaviour, reading and researching various aspects of the market is game changer. Discipline is key to become a success trader. Have a great weekend. All the best, Trade Journal (Just a trade idea, not a recommendation)
by Trade_Journal
USDJPY LONG to 104.500After an initially bullish surge on the daily I can see that price retested and rejected the 103.00 - 104.00 region. On the 1 hour timeframe price also created what seems to be an inverse head & shoulders pattern, with price then breaking above minor resistance at 103.655. After a rejection of resistance at 103.860 price seems to be retesting the previously broken resistance at 103.655. I will create a buy limit order on market open to go long with targets at major resistance 104.500.
Long
by Too_Ray1
3
USDJPY LongUSDJPY L Trade Ideas ALOHA Traders! The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do. 1. USDJPY L (not in this position) D - After a double bottom on the lower trend line of a range, price spiked up and has room to breath. A long term hold for the bull-run to the upside could take months (the market does not move perfectly). 4HR - Bullish momentum and broken above 50 EMA, now price is just correcting before continuing upward. 1 HR - A correction occurring at the top of a Rising Wedge. Price is at a key area where price can squeeze to the upside, or reverse into the downside to near 104.00 15Min - Similar to 1HR note. Squeezing and will move soon. As always, price can absolutely do some crazy, whip shaw shenanigans and nothing is ever a guarantee in the market until it actually happens. SL set at 36 pips. Target: top of range @ 106 level.
Long
by Reid_Hicks
USD/JPY - a significant breakoutIt seems that the Japanese Yen has been strengthening since the beginning of September. The USD/JPY currency pair has broken key support levels at 105,78 and at 105,10. As a consequence, the market has reached the lowest levels in two months. From the technical point of view, the broken support at 105,10 could be a potential resistance right now. It seems that only a move above that level may change the sentiment from bearish to bullish. The next nearest possible target for the Yen buyers may be set by the lower limit in a downward channel and by the low from July at 104,18. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
by Daniel_Kostecki
USDJPY SHORT CONTINUATION FINALLY? SEPT 6TH - 11THHELLO TRADERS! OUR VIEW OF USDJPY, AFTER ANOTHER TOUCH OF THE 106 LEVELS, WE ANTICIPATED BEARS RESUMING THE SELLS WITH BEARISH SENTIMENT IN USD AND JPY BEING SAFE HAVEN WITH NEGATIVE INTEREST RATES. NOT MUCH CHANGE IN OVERALL WEEKLY STRUCTURE AND LAST WEEKS HIGH 106.374 STILL RESPECTED WITH OUR BEARISH VIEWS, SHOULD SEE THIS ONE PLAY OUT LATER IN THE WEEK. KEY PIVOT FOR US IS 106.200 0 106.400 AREA HAPPY TRADING! FEEL FREE TO COMMENT, LIKE, SHARE. THE TRADING REGIME! OANDA:USDJPY
Short
by EvaultFinancialGroup