USDJPY
USDJPY LONG TRADE SETUPThe weekly right side is up against 75.57. The daily and 4 hour are turning up against the 3/9/20 lows. While a pullback remains above the 3/9/20 lows the pair can see another swing higher to correct the cycle lower from the 12/15/16 highs in the weekly triangle.
USDJPY ANALYSIS. IN B/W A ZONETHIS IS PURELY FOR STUDY PURPOSE.
AS OF NOW THIS STOCK IS CREATING A ZONE. SO WE HAVE TO BUY ABOBE THE ZONE LEVEL OR SELL BELOW THE ZONE LEVEL. NEVER BUY OR SELL IN BETWEEN THIS AREA.
FX:USDJPY
ALAWYS STUDY CHART TO EARN MORE. DONT TRY TO PREDICT THE MARKET.
USDJPY weekly analysis April 28 to May 1US Dollar against Japan yen reaches the end of downtrend , it may hit the support zone and do the reverse movement upwards this week. Hope USD will be strong to push the pair higher..
USDJPY Weekly analysisDollar against Japanese yen may go down from 108.00 to 105.900 in result of USD weakness, chances are there to bounce back from 106.00 to go higher prices
USDJPY SHORTResistance on the upper trenline of the wedge, clear short till the previous daily support zone.
Stochastics and Momentum indicators also indicating a sell.
USDJPY TRADE SETUP The weekly right side is up against 75.57. The daily and 4 hour are turning up against the 3/9/20 lows at 101.13. While a pullback remains above there the pair can see another swing higher to correct the cycle lower from the 12/15/16 highs in the weekly triangle.
Short term Signal
BUY USDJPY
@107.50-25
Target: 108.50
Sl: 107.00
Good luck !
Expecting the bearish move next couple of days.Expecting the bearish move next couple of days in the USDJPY. Looking more confluences to catch the move.
Don't miss the great sell opportunity in USDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (109.19). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 108.67
TP2= @ 108.18
TP3= @ 107.00
SL: Break Above R2
WEEKLY USDJPY FORECAST The weekly right side is up against 75.57. The daily is turning down against 114.54 high from 10/4/2018. While below 111.67 where the hourly right side is down expect the pair lower. While the pullback remains above the 101.13 lows where the 4 hour is turning up it can see another swing higher to correct the cycle from the 10/4/18 highs.
Price in nice location for continue the downtrendPrice has retrace now and looking right PA continue to catch the downtrend move
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=108.3.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=107.1.
TP4: S2=106.8.
Set the stoploss of these orders at breakout of R2=108.45.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=108.45.
In this situation, there is an expectation to reach the target R3=109.15.
Set the stoploss of reverse orders at breakout of R1=108.3.
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SHORT USDJPYRetest of major key level, re entry of the previous stopped out trade due to a bad entry.
USDJPY Short Broke a Major Daily Key level and retested it with a beautiful doji, also pulled very close to the 0.23 fibbs retracement level. Beautiful short Position.
Don't miss the great sell opportunity in USDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (110.55). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 109.34
TP2= @ 108.50
TP3= @ 107.68
SL: Break Above R2
