UJ Going Up, Preparing for NFP...Price has been bouncing off support and resistance multiple times.
Critical and Minor Level Tested.
EMA 50 Sloping Upward.
Price Above EMA 200 with possible retest.
D-uj
USDJPY is completing the last leg (e)UJ has been bearish for its assumed last wave for (e)
Still holding my bearish trade with profit protected. We will waiting for clear structure for buying opportunity.
key level : 108.747
critical level : 107.634
USDJPY clear rejection at trendlineOur USDJPY has shown clear rejection @ 110. So far favor our bearish speculation as mention here
We will wait clear structure to add more entry in the future.
Thanks for reading and good luck !
USD/JPY (JUST the TIP)UJ is hitting a major resistance zone. Should be retracing to 38.20 PRZ on a short soon unless it breaks and goes upwards to HH levels. Also Double TOP on H4 !!
USD/JPY looks for downwardsAssalamualaikum and hye folks.
UJ has found resistance at top trend line labelled, thus in my opinion, it looks like expanding triangle is forming. Well we could not confirm the pattern unless it has been completed.
As long as price is below 110.204 , we could speculate its bearish movement.
I hope my idea could bring some spark.
Thank you for reading !
usdjpy shortnot much confluence. looking for some sign of bullish momentum. do top-down analysis if looking to take trade.
USDJPY Short still validHi traders, potential UJ short. Price currently has very strong bullish momentum so be cautious trading this idea, and as always manage risk appropriately!
Confluences:
-Failed uptrend line
-new lower low
-price is approaching 200MA on the weekly chart
USD/JPY Short IdeaI've been short risk pairs for the past 12 months or so and as I see it at the minute there is no reason to change my views. IMO The market has gotten a little ahead of itself after Trump stepped back from War with Iran yesterday. For me there are still numerous risks ahead in the coming months, Manufacturing is still winding down in most major economies (last weeks ISM number was the lowest in a decade) the Iran situation along with whatever is going on with North Korea poses surprise risk factors, Brexit is not a done deal yet and lets not mention whatever the Fed is doing in the Repo market which although nobody seems to be talking about it, seems highly unusual. So with all that in mind I will start a small short position here with an add at the daily trend line resistance, if we continue higher from there, I will wait until the 61.8 daily Fib retracement before I scale in completely.
UJ short opportunity soonLook back and see if price has been making same patterns, again & again ... forecast in advance. As I've done here. This is just one of the secinaro. And don't get too much into the forecasting part. Let the market play its move...
UJ Short comingtechnically chart looking to be ready for a short - as a retracement or resumption of the long term down trend
OR if this breaks a significant bullrun could continue
risk is defined, so im placing my shorts
USDJPYI have two scenario for UJ.
First to Create a double Top and drop And create a Higher low and retest at 78.60% Touching also the Monthly Level or At 61.80% will see if the Buyers are waiting to go long from 61.80% Retrace.
Second Scenario is to pullback to downside a little and go Higher To touch my Weekly Trendline.
uj long against trend line seller traptrend line and zone break and retest, we take long on the w formation after breakout sellers have been induced
USDJPY Montly CME Borders till 03.01.2020Here is the Monthly CME Borders for UJ
Remember that if price goes above or below zone with 80% probability it will come back inside before expiration!
UJ UPDATE, PENGUINS NEVER SLEEPS :) USDJPY 11/12/2019
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
USDJPY Potential CTL RetestI’ll be watching UJ along with US Equities & Gold to gauge whether or not this setup is truly risk off.
Ultimately, it is likely to bounce before a larger countertrend move to the downside. If no immediate rejection from the zone identified takes place, shorts could get rekt.
Whether up or down, a setup should materialize. Short term bullish, medium term bearish is what I’m thinking.
Side note:
We have Cheeto Bandito in the Whitehouse with dusty hand puppet Jerome Powell going absolute full send hyperinflation (QE )straight into equity futures.
USDJPY SHORT - INTRA DAYAnalysis team placed short on USDJPY @109.020 with 2 intra day targets on 2nd December, 2019:
TP1 @108.824
TP2 @108.587
