A clear downside break of the 100-DMA, as well as a daily closing below July’s peak, keeps USDJPY sellers hopeful. However, a convergence of the 61.8% Fibonacci retracement level of the May-October upside and an upward-sloping support line from May 24, around 136.00, appears a tough nut to crack for the bears. Following that, a slump toward the 200-DMA support of...
USD JPY in Strongn Support USDJPY in strong support and Fib @ 61.8 n0w in Day TF have to wait till demand zone or confirmation for buy in 61.8 with strong buy volume and candle
Usdjpy sell @ 147.963 Stop loss 148.900 Target 138.886 Trade based on 2 November fed news and fomc statement i expect a down move on dollars and i expect price will go down
USD JPY Look Like Changing Trend to Sell Direction Short Below 145 Target 143 , 142
Usdjpy sell @ 146.637 Stop loss 147.550 Target 143.884
USDJPY Buy Trade opportunity it's Overall Bullish trend recently break the resistance area and make a very strong Bullish candle above its a very good opportunity to take a Buy trade with a good risk-reward target and the stop area is mentioned in the chart Always Use Stop Loss
Trading Ideas- Long positions above 141.47 with targets at 151.95 & 154.95 Alternative scenario If price goes down 141.47 look for 139.04 & 135.55 as targets. Supports and resistances 139.04 & 135.55 151.95 & 154.95
USD/JPY remained volatile, ending the day roughly 450 pips up after bottoming at 145.37. Japan's Prime Minister Fumio Kishida anticipated an upcoming stimulus package to be announced by the end of October as planned. Meanwhile, the Bank of Japan suspected intervention last week was estimated at 5.5 trillion yen.
1 idea for USDJPY When I analyzed the chart of the past, it came to know that the higher the depth was, the more it was late to recover, but now the recent deep has come very small and suddenly, then it can be recovered in about 8 days, I think so.
Usdjpy sell @ 148.981 Stop loss 150.540 Target 145.473 Trade based on breakdown and pure price action
Education Falling trend line: Rising trend line is the type of trend line which typically helps trader in identifying the exact bearish momentum (downward trend). The rising trend line or descending trend line, be connected from highest price traded within the time range, and connect to the lower prices of the asset or security. Traders may prepare for selling...
Education Rising trend line: Rising trend line is the type of trend line which helps a trader to identify the bullish moment or bullish range (Upward Trend). The rising trend line or ascending trend line should be connected from the last lower of the asset value to the last highest value or price of an asset. The rising trend line should have multiple prices...
Beautiful Example of Price Action on H&S breakout on monthly candle.
#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 1st support: 146.669 Next Zone...
USDJPY poked the year 1998 high on Thursday while piercing a weekly resistance line, staying near the immediate resistance line of late. That said, the RSI is overbought as the pair struggles with the 24-year high near 147.70, which in turn suggests hardships for the further upside move. If the quote crosses the 147.70 hurdle, its run-up towards an upward-sloping...
Trading Ideas- Long positions above 138.99 with targets at 146.97 & 151.96 Alternative scenario If price goes down 138.99 look for 135.54 & 131.06 as targets. Supports and resistances 135.54 & 131.06 146.97 & 151.96
Shorts on USD JPY at 144.65 Stops above previous swing high Targets below 144