Trading suggestion: . There is a possibility of temporary retracement to suggested support line (103.7). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Harmonics + Elliot + Price Action + FIB view of USDJPY
Levels on the chart Regards.
OANDA:USDJPY Fellow traders, at the moment this idea is written USD/JPY is trading at the 103.867 level. We've seen a channel downtrend since June 10th, and a downward movement between starting from january 12th, making a correction in the upward. As of right now price could reach 103.097 since it is expected that the US dollar may be weaker in 2021 against...
USD/JPY started to fall from the 20th February of 2020. Right now, it's trying to reach 102.540 . It has to cross 103.300 - 102.900 to hit 102.540 . After crossing the 102.540, The trend will march to touch 101.200 . But if it starts to rise by breaking the resistance, then it will hit 104.740 - 105.300 .
There is an opportunity of shorting usdjpy as you can see if the market breaks the horizontal line near the text(Entry Trigger) then i would short. Please do your own analysis before taking any trades
USDJPY hit resistance go down reversal after breaking resistance
Look to enter at dips with confirmation. Regards
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (102.75). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
USDJPY SPOT CMP 103.33 Double bottom formation with bullish divergence in RSI Good to go long in range 103-102.80 View gets neglected below 102.5 upside 104-104.5-105 possible Good long candidate.....
Note : For learning purpose only .Please refer to chart for the entry and exit . Please follow risk management . Like , share and subscribe . Share your ideas