Usdjpyshort
Expecting the bearish move next couple of days.Expecting the bearish move next couple of days in the USDJPY. Looking more confluences to catch the move.
WEEKLY USDJPY FORECAST The weekly right side is up against 75.57. The daily is turning down against 114.54 high from 10/4/2018. While below 111.67 where the hourly right side is down expect the pair lower. While the pullback remains above the 101.13 lows where the 4 hour is turning up it can see another swing higher to correct the cycle from the 10/4/18 highs.
USDJPY Forecast Before NFPThe pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 & 1 hour are turning up from the 107.63 lows where wave 4 ended. While a pullback remains above there the pair can see the 111.00 area in wave 5 of (1) before it corrects the cycle up from the 8/26/19 lows
USDJPY correction mode 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
USD/JPY turning down !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.
Sell USD/JPY
@111.00 /111.10
target: 110.60/25
Stop Loss: 111.40
Good Luck !
Keep Eye on USDJPY Waiting for Rising wedge Breakout.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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Thanks
Adil Khan
USDJPY Intraday ForecastAs 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:
TP3: S1=113.7.
TP4: S2=113.5.
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 R2=114.2.
In this situation, there is an expectation to reach the target R3=114.75.
Set the stoploss of reverse orders at breakout of R1=114.1.
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USDJPYThis 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 Technical analysisUSD/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 @ 111.000.
USD/JPY Upcoming week AnalysisIt Seems USD/JPY reached it's high Resistance price on 78% retracement & it's expected to pull back until price @ 110.069 earlier from upcoming week
USDJPY - Short tradeWaiting for short on USDJPY at this level only if the price pulls back without touching the target level If the price hits target prices before pullback, this trade is invalid.
USDJPY at critical structure, bearish move expectedOn 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 analysis we can notice some exhaustion candles formed which makes us believe that bulls are now losing steam and now should be the time when the bears are expected to kick in and bring the price lower.
Rising Wedge on USDJPYIt has been observed that the Price on USDJPY 30 mins chart has been moving inside a rising wedge with the MACD about the make a crossover.
Entry: 113.285
Target: 112.092
Stop: 114.355
Regards.
