weekly trend : bearish
daily trend : bearish
4 hour trend : be
1 hour trend : bullish
after the downside rally from 142 level, we can see a 78% retracement back to 141.5 levels mitigating all imbalances in between & testing the stronger high.
a strong short opportunity at those levels. for this week & next week.
#USDJPY for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
USDJPY is trading at supply zone at all important time frames which is High Resistance Level.
At 4hr and 1D Double top pattern has been formed which is extremely bearish in nature.
A range has been formed in 1HR time frame.
Looking for breakdown of that range that I have marked in Rectangle. As range breaks, with confirmation of volume and candle, I will enter...
usdjpy i am looking for sell.
30 min chart supply area + s&r area. price going up but AO coming down.
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warning: Note! The Analysis video shared here...
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
Hope you all are doing good!!
I expect USDJPY to go DOWN after finishing correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Once again we are here to give a idea about USDJPY technical analysis.
Some important things to note for the USDJPY.
1) BOJ is dovis about its ultra loose monetary policy to achieve pre COVID inflation target which leads USDJPY price skyrocket from 116 to 135.
2) Today at 23:30 IST FED is going to declare it's interest rate policy which is...
Its creating wyckoff in 5min time frame.
There is a maximum chances for reversal.
Don't miss the opportunity to short.
Before entering the trade do your own research.
Fore reference in.pinterest.com OANDA:USDJPY
USD JPY reached Monthly and Weekly High.(Check Monthly and Weekly Time frame) for reference.
We can expect reversal from the order block zone.
Use Minimal stop loss to avoid major loss.
Before entering the trade DYOR.
As seen in monthly chart of USDJPY, inverted head and shoulder is formed. Breakout above 127.50/128 with volumes will make it run to multi decade highs.
Likely scenario: With current global inflation, BOJ is forced to abandon its yield curve control strategy, that brings the yen devaluation option to the forefront.
God bless us all!!!
Overall, USD/JPY is trending upwards.
Japanese banks will be closed today in observance of Coming-of-Age-Day. Expect lower trading volume and volatility during the usual Japanese market hours.
USD/JPY’s next support zone is at 115.300 and the next resistance zone is at 118.000.
Look for short-term selling opportunities of USD/JPY.