We are doing USDJPY Analysis in Daily Time frame
You can keep an Eye on USDJPY it is forming rising channel pattern you can take a trade on the breakout of this pattern.
Note: This is only for Educational Purpose this is not Investment advice.
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USDJPY The 4 hour right side is up in a bullish sequence relative to the 109.69 low of 3/24/19. Near term the 1 hour is turning down correcting the cycle up from the 3/24/19 lows before a turn back higher.
Stop Loss: 111.40
Good Luck !
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=114.1.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=114.2.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As You Can see the chart of USDJPY , Following Trendline.
Soon Trend line will break down so we can Short USDJPY.
We can put the target at
RSI Trend Line Already break soon price will follow the
Note: we need to short USDJPY only when Trend line breaks the trendline.
Note: This is only for Educational Purpose this is not an...
This is pair already in a bearish trend and adding to it , UJ was unable to break the market structure at (110.74) and also respected the trend line. Even since DXY is about to fall hard , expect really good movement to the 110.94 market zone.
USD/JPY Seems on Bearish channel, Now it's already on it's bearish resistance price @ 109.731.
If the price moves below 15 pips and bearish candle arise means there is a good possibility to continue the bearish channel until price @ 106.897.
If the market price breakout the 109.731 by bullish trend means there is a possibility for bullish trend until price @...
On Sunday, during our weekly analysis we anticipated a high probability of a short term bullish move up to the structure at 107.30-107.50 where we have monthly Support S1 located. This structure was very strong in the past so now after testing this area, this time from below we may expect a move down to at least 106.00 area. At the 4 hours chart, at the moment of...