Usdjpy after a strong impulsive move, forming flag pattern( confirms after trenline break to upside , expecting AB=CD .
The daily is turning up against the 3/09/2020 lows at 101.19. The 4 hour is turning down against 109.85. While below 108.16 the pair can see a swing lower toward 104.28 to correct the cycle up from the 3/09/2020 lows. LONG USDJPY @107.20-05 TP: 107.70 SL: 106.80 good luck !
Potential deep crab on USDJPY. If Point C is broken then this structure is invalid. PRZ 119-121. Target 1 - 115, Target 2- 112.5
Technical Analysis-The 4 hour is turning up against 3/09/2020 low (101.16). 1 hour is turning up against 105.96 low. Near-term correction against 3/09/2020 low is proposed complete at 105.96 low, while dips remain above that level expect pair to extend higher. BUY USDJPY @106.85-70 TP: 107.55 SL: 106.40 Good Luck !
The 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 has formed a classic inverted head and shoulder pattern on a daily basis. The prices are trading very close to the neckline and we might see a breakout soon. furthermore, the weekly chart has formed a bullish engulfing pattern as well that supports the bullish argument. Like always, the price can take two paths, the first one is highlighted by the blue...
USDJPY registered a breakout from the neckline of the inverted head and shoulder pattern on 4h chart. The prices are already close to achieving the first target of 107.274. A hold above this level, next target will be at 108.014. On the other hand, 106.497 and 106.115 are the support levels. Either of which can be the stop loss for the trade. So choose depending...
USDJPY moving in correction mode let for any reversal pattern will go with short position and if breakout happen then will go for long as arrow mention on chart
USDJPY is a Buy at 111.047, SL 110.555 Target 111.677
The daily chart of USD/JPY is currently in a downtrend. The pair witnessed a strong buying action from the values of 105. Now the pair is currently hovering around its 200 day moving average. Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers. We expect the buying pressure to further intensify once it crosses the...
USD JPY spot @ 107.78, now market is testing resistance @ 107.88, forming series of higher low, as it’s break resistance level, will test 108.60 then 108.90, do not complicate with market, it's simple follow the price action