USDJPY
USDJPY IdeaFirst Day of Analyzing USD. FOMC has pushed USD to the upside and and has now broken a daily resistance moving to the next daily resistance. This is my analysis where I will wait for break and retest to enter. Also sells should be more valid as we did move a lot to the upside and we should now correct the move a bit before continuing up.
USDJPY analysis and setup⚓Hello Traders👋
Today i have made a post on USD/JPY
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
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I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
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USDJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said in the last weeks .. s I said UJ rejected from the Fibonacci 0.5 ... it went down in the area 108,600 from where it rejected again and goes again to the Fibonacci 0.5 area making a range between these values!
In the next period I expect this range to continue and I will play between the Fibonacci 0.5 and Fib 0.382 areas until the first closing on the chart for a week outside these values.
THIS WEEK...as I said last week, UJ remained in the range between 0.5 and 0.382 Fibonacci levels, which I think will reach this week!
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GREAT ATTENTION:
*This information is not a Financial Advice.
USDJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said in the last weeks .. UJ touched and forced the Fibonacci 0.5 area from where he had a strong rejection!
even if he retested the area once more ... I think he will start a retreat first towards 109,700 and maybe 108,460!
however, a close even for a day over Fibonacci 0.5 opens the opportunity to BUY to the Fibonacci area618
THIS WEEK... as I said UJ rejected from the Fibonacci 0.5 ... it went down in the area 108,600 from where it rejected again and goes again to the Fibonacci 0.5 area making a range between these values!
In the next period I expect this range to continue and I will play between the Fibonacci 0.5 and Fib 0.382 areas until the first closing on the chart for a week outside these values.
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
USD/JPY looks ready on daily timeframe!USD/JPY is seen to respect channel on daily and weekly timeframe!
This could be a potential down move, things to consider:
1. Weekly and daily channel formation
2. Weekly downward movement started
3. Strong Downtrend
How to enter:
1. Switch to 4hr timeframe
2. Find the daily/weekly resistance zone
3. Wait for the downward momentum on 4h
4. Use channel, bolliger bands and Fibonacci for TP AND SL
ALL THE BEST!