We saw USDJPY long Because USDJPY Follow the Descending Channel and Bullish Trend Follow.
USD/PJPY Potential short Lets wait for price action to give us more confirmation lower TF would be great for our confirmation, lets pay attention to how price react.
One can expect very sharp recovery in #USDJPY SO one one can take little risk and go for buy position
We can take long position in USDJPY as it has given a hammer pattern and has closed at very good price so from current levels we can see a sharp spike up to 140 with SL below 129.20 and we can expect a target of 3-4:1.
5th impulsive move 1 wave done 2 corr done. waiting for next implu move 3rd wave
Hi, USDJPY has formed an head and shoulder pattern on daily chart and also camed to an important support. If it breaks the above levels the we can get a good short trade.
looking for buys off my confrimations DONT TAKE MY TRADDES THESE ARE PERSONAL YOU WILL PROBABLY LOSE MONEY
Trading Ideas- Short positions below 138.04 with targets at 130.64 & 126.45 Alternative scenario If price sustain above 138.04 look for 142.15 & 145.61 as targets. Supports and resistances 142.15 & 145.61 130.64 & 126.45
this currency pair is again approaching its supply area till now bulls have tried hards to control but from here it looks difficult to hold. its on the radar, upcoming setup to short
USDJPY consolidates the biggest daily loss in 14 years while positing a gradual rebound from the 78.6% Fibonacci retracement level of its May-October upside. The recovery moves also gain support from the RSI’s bounce off the oversold territory. However, the early month low near 133.65 challenges the immediate upside, a break of which could validation the Yen...
#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance...
Midterm forecast: While the price is below the resistance 141.696, resumption of downtrend is expected. We make sure when the support at 130.351 breaks. If the resistance at 141.696 is broken, the short-term forecast -resumption of downtrend- will be invalid. We will close our open trades, if the Midterm level 141.696 is broken. Technical analysis: While the...
U.S. dollar weakens as risk appetite rises with data showing slowdown The dollar slid against most currencies in choppy, thin trading on Friday as data signaled that the U.S. economy is cooling a bit, reinforcing expectations of smaller interest rate increases from the Federal Reserve and improving investors' risk appetite.
made a bullish pattern channel formation fibbo & rsi divergence is also there time frame is big 138 levels soon 1 week
USDJPY is likely to end 2022 on a negative note, despite bracing for the biggest yearly run-up since 2013. However, the Yen pair portrays a bearish chart pattern, a bear flag on the four-hour play as traders keep their eyes on the Bank of Japan (BOJ). Given the downbeat oscillators and hawkish expectations from the BOJ, the bearish chart formation amplifies the...