Have been tracking YEN from past 6 months, and went long on USD(short YEN) last night. I think it will stay in 134 to 138 range till a clear break out happens. What could be the trigger for that?
Double top, and its neckline was broken, US CPI data come negative Conservative traders should wait for the retest, and aggressive traders may continue selling
jpyusd bearish cup & handle pattern downside possible for long targets with moderate risk sustaining below is very important risk reward ration : 1:2
USDJPY fades bounce off the 200-DMA as it failed to cross the previous support line from late May. However, nearly oversold RSI challenges the sellers and hence a short-term consolidation between the 200-DMA and the support-turned-resistance line, respectively around 135.00 and 138.00, can’t be ruled out. Even if the quote rises past the 138.00 round figure, the...
USD/JPY Weekly Forecast – US Dollar Gives Up Early Gains for the Week The US dollar initially spiked to the ¥137.50 level, but then gave back a significant amount of gain to show signs of hesitation and volatility.
#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...
Trading Ideas- Short positions below 142.22 with targets at 133.64 & 131.36 Alternative scenario If price sustain above 142.22 look for 145.60 & 148.75 as targets. Supports and resistances 133.64 & 131.36 145.60 & 148.75
After Supertrend, check for same direction stochastic rsi entry
Usdjpy sell possible because head and shoulder pattern in 15 minutes candles so open a sell trade please use small lot the trade is for educational purposes only not a recommendation so i am not responsible for any loss
#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...
USDJPY is under immense pressure as it breaks the 200-DMA support, as well as marks the 3.5-month low. Even though the oversold RSI suggests a mild corrective bounce, the trend appears bearish after it broke an upward-sloping support line from late May. That said, the bears currently aim for the 78.6% Fibonacci retracement level of the pair’s May-October upside,...
#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...
usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy short trade idea usdjpy...
buy usdjpy usdjpy is trading near a strong buy support of 22nd May 2022. we clearly see it will touch the TP of 142 to 143 near
weekly trend : bearish daily trend : bearish 4 hour trend : be 1 hour trend : bullish after the downside rally from 142 level, we can see a 78% retracement back to 141.5 levels mitigating all imbalances in between & testing the stronger high. a strong short opportunity at those levels. for this week & next week.
#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...
Usdjpy buy @ 138.100 Clear cut head and shoulder pattern in hours 1 and i am expecting a up move in usdjpy and we expect a 3 to 5 % up move after making a breakout in usdjpy so open a buy trade and thanks me later
#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: 136.144 Next Zone...