USDJPY FORECAST its just an idea based on what i see in the chart trade what you see not what you feel follow the trend good luck
USDJPY - M Shape can be formed. Gartley pattern. Enter once the trend line is broken. SL will be the latest swing high. The are formed with Red lines will be potential reverse zone.
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!!!
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
08/05/2002 : OVER ALL HIGH : 128.94 : entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
Overall, USD/JPY is trending upwards. USD/JPY’s next support zone is at 114.200 and the next resistance zone of 116.000. Look for short-term selling opportunities of USD/JPY.
In the coming week, the USDJPY will consolidate between 115.427 and 114.655, so this presents a good selling opportunity. STOP LOSS : 115.694 TAKE PROFIT : 114.794
I think usdjpy sell opportunity this analysis based on 15 min time frame use proper risk management don't lose more than 1% of capital
According to my technical analysis there is a short trade on usdjpy. ,
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.
Usdjpy is currently breaking out of rising wedge with in an ascending channel wach out break and further pullback to capialize on move to downside
SHORTING IDEA POSSIBLE FOR USDJPY Price Moving In Ascending Channel Currently Testing Top Of The Channel And Testing Broken Structure IN HT
possible scenario according to me on USDJPY- we have touched RWL (lowest point which the price can travel through the week) which was the level 1 drop of 1/4 hours cycle, + with this current continues drop a lot of retail traders fomo in to short and definitely MM have to shake out them before going for level 2 & 3 so they used todays news for this purpose as mm...
USD/JPY break her support and started moving toward her next support.
Usdjpy is unfolding in a complex corrective structure as a double zigzag. One should sell on rise near 113.6-113.7 keeping SL of 114.05 for tgt of 112.9 .
Meltdown on h4, retracing right now, expect price to go down if it breaks the low of previous h4 candle.