USDJPYCurrent Trend Down
TG1 = 103.736
TG2 = 103.424
Upside Trend (Possible BReakOut ( Economical News ))
TG1 = 104.191
TG2 = 104.610
TG3 = 104.865
LongUSDJPY
Long
💡 USDJPY . Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 103.15, beginning of uptrend is expected.
We make sure when the resistance at 106.00 breaks.
If the support at 103.15 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 105.65 on 11/10/2020, so more losses minimum to Major Support (103.15) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
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USDJPY has a higher chance of upward.USDJPY has a higher chance of upward.
USDJPY is currently in a triangle shape. With the market risk sentiment preference, the stock index has generally risen, and the chance of the yen depreciation has increased.
It is recommended that USDJPY go long when the price fall back the support.
Long
GBPJPY APPROACHING DEMAND ZONE !!!1) Wait for the price to reject at the entry range and take long position accordingly
2) If broken down , check for 4H candle close below the buy level to go for a SHORT POSITION .
3) May wait for trendline breakout and retest for more confirmation .
4) 4 Targets are given . targets 3 & 4 might be difficult to achieve because of the trendline . trial your positions accordinlgy .
Long
💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.2). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 104.85
TP2= @ 105.10
TP3= @ 105.65
SL= Break below S2
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Long
USDJPY Short Term Trade SetupThe daily is turning down against the March highs at 111.68. The 4 & 1 hour are turning up against 103.14 to correct the cycle from the May highs. While above 103.12 the pair can see strength toward 107.00 before a turn back lower.
Sell @103.85-104
TP: 103.25
SL: 104.20
Good luck !
Short
Short
💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.7). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 105.65
TP2= @ 106.05
TP3= @ 106.50
SL= Break below S2
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Long
Short
Short
Long
💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (104.20).
. 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 104.67
TP2= @ 104.80
TP3= @ 105.05
TP4= @ 105.28
TP5= @ 105.74
SL= Break below S2
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Long
Short
Short
EUR/USD Possible Huge Drop to 1.1631 MarkAfter the rally of the Euro to the upside, it is facing now a consolidation which might lead to a huge drop the downside.
Let's wait and see.
Short
Don't miss the great buy opportunity in USDJPYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (105.79).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 106.23
TP2= @ 106.55
TP3= @ 107.70
TP4= @ 108.15
TP5= @ 108.18
SL= Break below S2
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Long
Short
Don't miss the great buy opportunity in USDJPYThis is a Sample Forecast
Intraday Forecast
With 14 hours delay
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (105.5). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 106.0
TP2= @ 106.3
TP3= @ 106.5
SL= Break below S2
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Long
USDJPY, WEEKLY ANALYSIS, SEP 28- OCT 02Dollar against Japanese yen , have been bullish last week, during the initial phase of the week, it may see bearish moment due to Dollar weakness, again have a chance to bounce from the 105.200 area, may show the bullish at the starting of the October..
USD/JPY TO GO BEARISH IN COMING DAYSON DAILY TIME FRAME = There is a Fibonacci retracement level of 0.618 between the levels of 106.352 and 104.019
ON HOURLY TIME FRAME = Level of 105.530 has been rejected several times.
Also we can find a downward trend on overall chart
So, from above observation there is a lot of probability that in coming days USD may be Bearish and JPY may be Bullish. once it crosses the level of 105.204 then it can continue to the level of 104.058 and we can put our stop loss at 105.598 which gives us RISK/REWARD ratio of 2.62.
Enter trade = 105.204
Stop Loss = 105.598
Take Profit = 104.058
