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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

#USDJPY it's possible to sell#USDJPY Price trading nearby the 4hr resistance area and waiting for any bearish candlesticks formed it will take entry for below the bearish candlestick and it will go for the next level of the support area Why we like it: Price is trading nearby 4hr resistance area waiting for bearish candlesticks formed possible to move next support area 1st support: 112.226 Next Zone area & horizontal swing Low support 1st Resistance 114.400 Zone area & horizontal swing high resistance
Short
by Skandhatrade
USDJPY potential dump incomingpossible 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 already knows what news is going to come and it will be positive or not, since we have touched RWH we really expect a good amount of distribution and spike to the high with stopping volume for wed- thus and on friday they should start going to break down for the reset of weekly levels (RWH&RWL) then we should go for RWL again till mon-tue and form W at wed and then same weekly cycle.
Short
by Aditya_Mishra1
#USDJPY breakout the resistance area it's possible to sell#USDJPY Price breakout the 4hr resistance area and waiting for retracement and any bearish candlesticks formed it will take entry for below the bearish candlestick and it will go for the next level of the support area Why we like it: Price is breakout the 4hr resistance area waiting for retracement waiting for bearish candlesticks formed possible to move next support area 1st support: 112.176 Next Zone area & horizontal swing Low support 1st Resistance 113.800 Zone area & horizontal swing high resistance
Short
by Skandhatrade
#USDJPY breakout the resistance area it's possible to sell#USDJPY Price breakout the 4hr resistance area and waiting for retracement and any bearish candlesticks formed it will take entry for below the bearish candlestick and it will go for the next level of the support area Why we like it: Price is breakout the 4hr resistance area waiting for bearish candlesticks formed possible to move next support area 1st support: 112.176 Next Zone area & horizontal swing Low support 1st Resistance 113.685 Zone area & horizontal swing high resistance
Short
by Skandhatrade
USDJPYThe USD/JPY forecast sees the pair move into a corrective phase after registering strong upwards movement. Forex day traders were probably expecting a temporary decline was expected and natural. If you are looking for day trading brokers, check out our guide. In the short term, the rate reached a strong support level, so it could start increasing again. Still, we’ll have to wait for confirmation as the pressure remains high. From the technical point of view, the USD/JPY pair has printed a continuation pattern, but this is far from being confirmed. The pair is trading in the green at 113.73 at the time of writing as the Dollar Index has registered an impressive rally. DXY’s further growth helps the USD to appreciate versus its rivals. Also, the Japanese stock index, the Nikkei, has started to grow after failing to make a new lower low. The USD started to increase again after Powell’s remarks at an online conference hosted by the South African Reserve Bank on Friday. Also on Friday, the US Flash Services PMI was reported at 58.2 points versus 55.3 expected and compared to 54.9 in the previous reporting period signalling further expansion. The Flash Manufacturing PMI dropped from 60.7 to 59.2 points below 60.5 expected announcing a slowdown in expansion. Tomorrow, the BOJ Core CPI and the US CB Consumer Confidence could have a big impact on the USD/JPY pair.
Short
by yuvarajd
USDJPY Mark down phase starting!USDJPY) completed 4 hours cycle and 1 hour cycle, breakout of 1 hour cycle , divergence in 4 hours , M formation in JPY pairs, stopping volume, 3x ADR, RWL touched, BIG M pattern , stop hunt done type 2 london pattern. USDJPY dropping , gold going for level 3 , AUDUSD big W formation playing out it just looks very perfect and the best thing is that we have formed M pattern on Wednesday just like in previous EURUSD when we got that second leg stop hunt and it played out pretty perfectly this distribution inside psy levels and that stop hunt is just soo perfect there is a m pattern with shark fin + m pattern in chart too We started this 4 hour cycle exactly 1 month ago! so if 15m in cycle works for 3 days and 1 hour cycle works for 2 week then this 4 hours cycle is PERFECTLY aligned with 1 month timeframe!!!!!!!!! (USDJPY) so we can saw that this 4 hours cycle was a combo of 2 mark up 1 hour cycle that why on 1 oct that 1 hour cycle didnt work out and went straight for 1more 1 hr cycle to the upside
Short
by Aditya_Mishra1