I 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
#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
Wait 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 !!
A 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...
buy 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.
USDJPY extends pullback from a four-year high, recently failed to keep the bounce off 113.50, amid downbeat MACD and RSI. That said, the yen pair’s further downside will poke the 100-DMA level of 113.25 but the previous resistance line from March 2021, around 112.80, could challenge the bears afterward. It should be noted, however, that a clear downside break of...
#USDJPY weekly bias looks bearish. The seller’s price of interests 114.12, 114.42, 114.62
The possible targets are 113.72, 113.50
These analysis are based on the current market swing and we update our views based on the upcoming future swings
if usd/jpy breaks price channal we can go long
with 1:2.5 risk reward ratio
down its a suport zone we can make it as stoploss
enter only after breaking the price channal
have a nice trade....
BOS happened in 5min TF too, will look for long near 114.420 with stoploss at 114.380. Targeting blue shaded zone. Let’s see where futures takes us. It’s risky because price is falling continuously and weekly indicating an minor correction.
