USDJPY Analysis wait for breakdown or rejection and candlestick USDJPY Analysis wait for breakdown or rejection and candlestick patternby TAJMAHALFOREX4
USDJPY rebound appears unimpressive below 133.80USDJPY reverses the early-month losses by keeping the bounce off a nine-week-old ascending support line. That said, the RSI and MACD oscillators also suggest the gradual building of upside momentum. However, a downward sloping resistance line from early March, around 132.65-70, followed by the 200-SMA level of 133.80, appears short-term key hurdles to challenge the Yen pair buyers before giving them control. Following that, an area comprising multiple levels marked in March, around 135.10-25, could test the north run before signaling the run-up towards the yearly high marked the previous month around 137.90. On the contrary, USDJPY pullback remains elusive until the quote stays beyond a two-month-old ascending support line, close to 130.90 at the latest. Also acting as short-term key support is the 130.00 round figure. It’s worth noting, however, that the Yen pair sellers need validation from the 129.80-60 region before taking control. In that case, the pair can easily challenge the yearly low marked in February at around 128.00. Overall, USDJPY lures buyers but the upside momentum remains elusive below 133.80.by MTradingGlobal1
Usdjpy looking bullish So here we are seeing market just break the blue trendline and shifting into bullish sentiments so if this short term ascending pattern break upside then we plan to buy and it will be bullish after breakout of horizontal zone by Dsrx_Mustak3
USDJPYUSDJPY trend analysis target an stop loss given ,this view for education purpose before trade pl do your own analysis Shortby Rajprabhu0
USDJPY BullishLooking for uj buys off my confirmations,i switched my trend from bearish to bllish THESE TRADES ARE PERSONAL AND ONLY USED AS A SCREENSHOT FOR MY TRADNG JOURNAL,DO NOT TKE MY TRADESLongby AlphaGamby0
USDJPY attracts bullish bias till it stays above 131.00USDJPY marked the first weekly gain in five while luring bulls to cross the 100-bar Exponential Moving Average (EMA). The upward trajectory could also be witnessed by a one-week-long ascending trend channel, as well as a successful break of a downward-sloping trend line from early March. The RSI retreat, however, challenges the Yen pair buyers of late. That said, the 100-EMA and the stated channel’s lower line, respectively around 132.60 and 132.10, restrict the quote’s short-term downside. It should be noted that a three-week-long previous resistance line, around 131.00 by the press time, appears the last defense of the bulls. On the other hand, the stated channel’s top line, close to 133.90, caps the immediate upside of the USDJPY pair. Following that, the mid-March high of 135.10 and the late February swing low surrounding 135.25-30 can check the pair buyers. In a case where the Yen pair buyers hold the reins past 135.30, the odds of witnessing a fresh Year-To-Date (YTD) high, currently around 137.90, can’t be ruled out. Overall, USDJPY is back on the buyer’s radar after a four-week absence. The bulls, however, have a bumpy road towards the north.by MTradingGlobal1
USDJPY Upward movement Potential with RISK:REWARD 4Symbol USD jPY Time frame 2 hours Analysis; Break out from the down Trend movement. Buy at 131.023 stop loss 130.55 target is 132.8 risk 2 reward ratios 4.8 NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy TradingLong03:39by TanujaKUpdated 1
USDJPY longFX:USDJPY As you can see USDJPY has created a channel and it already given a breakout in 4HR timeframe, wait for pull back and taken entry on buy side. plan your trade accordingly...Longby KalimallaUpdated 227
USDJPY BULLISHThis is my view on FX:USDJPY . I got a breakout of falling wedge on a LOW TF after a retest of a previous support (Flip zone), which is actually on a bullish on the HIGHER TF. Longby ibcapricorn444
USDJPY analysis over H1 ChartUSDJPY is moving in downward trend and continues the downtrend, Looking for short term selling opportunities in it.Shortby charliedavies7700
USDJPY ANALYSIS OVER H1 CHARTUSDJPY is moving in downward trend as the pullback is complete and currently looking for short term selling opportunities in USDJPY.Shortby charliedavies7700
USDJPY drops within falling wedgeUSDJPY struggles to defend the first positive week in five, grinding lower inside a falling wedge bullish chart formation. It should be noted that the bullish MACD signals and upward-sloping RSI (14) line, not overbought, keep buyers hopeful despite the latest weakness of the Yen pair. However, a sustained break of the 50-SMA hurdle surrounding 131.85 becomes necessary for the Yen pair buyers to retake control. Following that, the 200-SMA and the monthly high, respectively near 134.00 and 137.95, could probe the quote’s advances during the run-up to achieve the theoretical target of around 139.85. On the flip side, an ascending support line from mid-January, near 130.60 at the latest, restricts the short-term USDJPY downside, if the Yen pair defies the latest bullish breakout by dropping back below the 131.40 resistance-turned-support. In a case where the pair remains weak past 130.60, the 130.00 round figure and the latest swing low around 129.70 may entertain sellers before challenging them by the stated wedge’s lower line, close to 129.20. It should be noted that the quote’s weakness past 129.20 makes it vulnerable to declining toward the yearly low of 127.21, marked in January. Overall, USDJPY consolidates the monthly losses and is likely to regain the buyer’s confidence in the next month.by MTradingGlobal0
USDJPY 28th March 2023 Probable Movements 1. Divergence in 4 hour chart 2. respecting the fib levels 3. we can see a trendline also 4. We have to wait for trendline breakout with fib levels for a proper entry. A good entry we can expect here. Longby rahuldas185981
Head and shoulder pattern formation in USD JPY pairThe USD JPY pair is trying to make a head and shoulders pattern in its daily chart ,that may help the pair to touch its pre covid level of 110-115 lvls provided if it breaks the 68.10% of fibo lvl (125.36) clearly. Fundamentaly also the current formation of US and euro banking crisis (led by fall of SVB & other regional bank from US to fall of CS bank in Euro zone and now DB cds hiting 4 yr highs) has created risk -off sentiment in the investors and has caused the appreciation of JPY ( a safe heaven ).A further deterioration of investors sentiments due to the looming baking crisis may further extend the JPY to appreciate in coming days.by ashipa222
USDJPY UJ Reversal Patternswe are heading toward the extreme demand zone on UJ ! if it break below red zone there's no long positon for me. that mean no demand is there for UJ to go up ! supply is rather stronger and there's no demand means we are falling furtherby abiseksubedi81
Diagonal formation in USDJPY; Elliotical ApproachHello Traders! 1. We see a clear 5-wave impulsive move forming a leading/ending diagonal. 2. It could be Wave 1 or Wave A. 3. Targets and stop have been marked on the chart. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.Shortby UnknownUnicorn27677748Updated 1
usdjpy looking bullishif price break the previous high then we can predict upside move Two bullish confirmation 1. Bullish divergence. 2. falling wedge ( bullish pattern )Longby WahidMalik0
USDJPY Buy Trade opportunityUSDJPY Buy Trade opportunity Currently, it changed the trend from Beaish to Bulish and it recently breakout of the short-term resistance line and makes a pin bar as we point out on the chart here is a good opportunity to take a buy trade here with the target next resistance area.Longby fxgreenpipUpdated 0
USDJPY longFX:USDJPY As we can see in usdjpy a strong trendline breakout happend in 1hr and we can plan for buy side if it retest. plan your trade accordingly.Longby KalimallaUpdated 3
USDJPY bears appear tiring as the Fed week beginsUSDJPY marked the biggest weekly loss since early January despite trading within a one-week-long descending triangle. Apart from the bullish chart formation, sluggish MACD and nearly oversold RSI (14) also challenge the Yen pair sellers. That said, the stated triangle’s bottom line, around 131.40, acts as immediate support for the bears to watch before targeting the 78.6% Fibonacci retracement level of the February-March upside, near 130.15. In a case where the quote remains bearish past 130.15, and also breaks the 130.00 round figure, the odds of witnessing a slump towards the lows marked in February and January, respectively near 128.00 and 127.20, can’t be ruled out. Meanwhile, a sustained break of 132.60 offers a bullish chart confirmation, which in turn suggests a theoretical target of 136.50. However, the 200 and 100 SMAs, respectively around 133.80 and 135.30, could test the USDJPY buyers. Following that, the theoretical target of 136.50 and a previous support line from early February, near 137.70, could lure the pair buyers. Overall, USDJPY is likely bracing for recovery but the stated triangle’s resistance line, as well as the key SMAs could challenge the run-up.by MTradingGlobal1
USDJPY attracts bears but 200-SMA is the key supportUSDJPY marked a second consecutive weekly loss, as well as broke an ascending trend channel, as BoJ Governor Haruhiko Kuroda departs after the decade-long workmanship. The bearish break also gains attention as the quote slips beneath the 100-SMA for the first time in more than a month. However, the nearly oversold RSI and 200-SMA, around 133.30 at the latest, challenge the Yen pair’s further downside. Following that, the 50% Fibonacci retracement level of February-March advances, near 132.90, acts as the last defense of the buyers before directing sellers towards the 130.00 round figure, as well as the February 10 swing low surrounding 129.80. Meanwhile, USDJPY recovery remains elusive unless the quote remains below the 135.65-70 resistance confluence, including the 100-SMA and the aforementioned channel’s lower line. Should the Yen pair manage to remain firmer past 135.70, the 137.00 could test the bulls before highlighting the monthly high of 137.90, the stated channel’s top line, near 139.10, and the 140.00 psychological magnet. Overall, USDJPY is on the bear’s radar and is likely to decline further but the 200-SMA may test the further downside momentum.by MTradingGlobal2
#USDJPY sell at 136.15 SL 136.34 Target 135.8 . #FOREX #CurrHello trading friends, HOPE My posts are helping you to understand the logic. #USDJPY sell at 136.15 SL 136.34 Target 135.8 . #FOREX #Currencypair NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading Shortby TanujaKUpdated 5