USD/JPY Could go up or down based on type of candle formationIf the candle going to be morning star or doji start then it will bounce back up.
in case of another red candle it will test the support of 114.718
USDJPY trade ideas
USDJPY WEEKLY ANALYSIS 28-02-2022#USDJPY weekly bias looks bullish. The buyer’s price of interests are 114.65
The possible targets are 115.67, 116.04
These analysis are based on the current market swing and we update our views based on the upcoming future swings
USDJPY WEEKLY ANALYSIS 21-02-2022#USDJPY weekly bias looks bearish. The seller’s price of interests 116.06
The possible targets are 115.05, 114.47
These analysis are based on the current market swing and we update our views based on the upcoming future swings
💡Don't miss the great sell opportunity in USDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (115.25).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 114.77
TP2= @ 114.47
TP3= @ 114.14
TP4= @ 113.79
TP5= @ 113.46
SL: Break Above R2
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USDJPY ANALYSIS ON H4 CHART.Overall, USD/JPY is trending upwards.
USD/JPY’s next support zone is at 114.200 and the next resistance zone of 116.000.
Look for short-term selling opportunities of USD/JPY.
USDJPY Long BiasSetup Contains:
1. Stop Hunt
2. HTF Point Of Interest
3. Break of Structure
4. Return To OrderBlock
FOLLOW PAFX & TRADE LIKE BANKS 💸
BULLISH POTENTIALwe are expecting a bullish continuation on USDJPY.overall market is very bullish.
* use proper risk management.
USDJPY WEEKLY ANALYSIS 14-02-2022#USDJPY weekly bias looks bearish. The seller’s price of interests 116.06
The possible targets are 115.05, 114.47
These analysis are based on the current market swing and we update our views based on the upcoming future swings
USDJPYUSDJPY on daily time frame is forming W pattern
With W pattern there comes a shorting opportunity
If W pattern is formed then following can turnout to be a good supply zones
USDJPY analysis USDJPY on monthly time frame shows some good supply zones
If market rises and completes the cycle then following zones will be a good supply zones
USDJPY WEEKLY ANALYSIS 07-02-2022#USDJPY weekly bias looks bearish. The seller’s price of interests 115.42, 115.55
The possible targets are 114.42, 113.90
These analysis are based on the current market swing and we update our views based on the upcoming future swings
USDJPY SHORTIn the coming week, the USDJPY will consolidate between 115.427 and 114.655, so this presents a good selling opportunity.
STOP LOSS : 115.694
TAKE PROFIT : 114.794
buy USD/JPYI advise you to buy because there is a strong penetration of the resistance areas and there is no downside attack at all, so you can strengthen your deals more by buying more and therefore you can keep the US dollar against the Japanese yen in your wallet
uj bearish well uj gone bak in to the structure and still its completing head and sholder so its pretty bearishs
USDJPY WEEKLY ANALYSIS 31-01-2022#USDJPY weekly bias looks bullish. The buyer’s price of interests are 114.80, 114.66, 114.38
The possible targets are 115.55, 116.03
These analysis are based on the current market swing and we update our views based on the upcoming future swings
My Usdjpy forcastWait for the retest once the retest takes place and trend takes direction away from the no trade zone then take your position accordingly if it goes above you can take long position and if it comes down you can take short position !!
USDJPY is ready to refresh five-year highA clear upside break of 20-DMA enables USDJPY bulls to challenge the two-month-old horizontal resistance area, surrounding 115.50-60. Following that, the monthly peak, also the highest levels since January 2017, near 116.35, will be in focus. Although RSI conditions may provide headwinds to the yen pair around the multi-day top, any further advances will not hesitate to challenge the 61.8% Fibonacci Expansion (FE) of October 2021 to January 2022 moves, near 116.90. Should USDJPY prices remain sturdy past 116.90, the 117.00 threshold will act as a validation point for the further rally targeting the year 2017 high of 118.60.
On the contrary, the 20-DMA level near 114.80 will test pullback moves of the USDJPY pair ahead of directing the quote to 38.2% Fibonacci retracement (Fibo.) of September 2021 to January 2022 upside, close to 113.50. It’s worth noting, however, that the stated risk barometer pair will have a tough time declining past 113.50 as the 100-DMA and 50% Fibo, around 113.40 and 112.70, will act as strong supports. In a case where the quote drops past 112.70, the bullish trend is likely to witness a major blow with the initial slump to the September high of 112.00.
Fundamentally, USDJPY is all set to renew recent tops as the US dollar cheers the Fed’s hawkish halt.
USDJPY swing buybuy entry for USDJPY
As you can see the market is at the strong demand area. Looking at the 4hr chart we can notice that a change of character (from bearish trend to a bullish trend) takes place.
