WOL3.1 #70USDJPY sell stop 105.048
SL 107.762
TP 99.628
R= 271.4 pips
Si el precio llega a 102.338, mover SL a 104.505
Dollar-yen
WOL3.1 #70 2ºUSDJPY sell stop 107.13
SL 108.31
TP 104.766
R= 118.0 pips
Si el precio llega a 105.949, mover SL a 106.897
USDJPY Approaching 2019's Low
what a rally on usdjpy!!
now dollar yen is entering a strong demand zone 104.4 - 105.3
+ rsi reached an oversold condition
I will be waiting for a reversal formation within this area to buy the pair expecting a pullback.
first resistance is 106.6 level.
adjust your trading plan accordingly!
have a great weekend!
WOL3.0 #44USDJPY sell stop 109.689
SL 111.685
TP 105.703
R= 199.6 pips
Si el precio llega a 107.685, mover SL a 109.285
WOL3.1 #63USDJPY buy stop 109.125
SL 107.747
TP 111.88
R= 137.8 pips
Si el precio llega a 110.506, mover SL a 109.406
USD JPY SELL (US DOLLAR - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
USD JPY SELL (US DOLLAR - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
USD JPY SELL (US DOLLAR - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its formation. Wait for the price to complete the pattern and watch strong price action for sell.
USDJPY: Bearish Forecast
good Saturday traders!
yesterday, after I posted the analysis on chfjpy I have received a lot of questions about usdjpy .
thought, in my view, these pairs are currently very closely correlated,
let me share with you my thoughts on usdjpy .
first of all, on 4H the market has recently reached a strong horizontal resistance level with rsi being overbought
and with a sequence of reversal candles formations.
on 1h we see a clear slowing momentum with the wedge formation and recent break below it.
with all that in mind, I believe than on Monday we can expect further bearish continuation.
for now, target levels are 109.3 / 109.0
USDJPY: Bearish Forecast
good Saturday traders!
yesterday, after I posted the analysis on chfjpy I have received a lot of questions about usdjpy.
thought, in my view, these pairs are currently very closely correlated,
let me share with you my thoughts on usdjpy.
first of all, on 4H the market has recently reached a strong horizontal resistance level with rsi being overbought
and with a sequence of reversal candles formations.
on 1h we see a clear slowing momentum with the wedge formation and recent break below it.
with all that in mind, I believe than on Monday we can expect further bearish continuation.
for now, target levels are 109.3 / 109.0
USD JPY SELL (US DOLLAR - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
WOL3.1 #52USDJPY buy 108.442
SL 107.768
TP 109.044
R= 67.4 pips
Si el precio llega a 108.617, mover SL a 108.277
USDJPY looking to find supportThe US CPI figures and Retail data points should give the USD a boost if they come out as expected.
The last FOMC meeting also comes with economic projections for 2020 and this is where the USDJPY could find the momentum to rise.
If the UK elections go as currently forecasted with a Conservative majority, the Japanese yen should not be the go-to safe haven, leaving any positive news out of the US as a catalyst for the rise in USDJPY.
USDJPY tests the lower channel boundsThe USD is the worst performing G10 currency as we come to the final days of December and the end of the decade.
DXY broke below the 96.750 level (US dollar index) which is its lowest in 6 months.
The catalyst of the weaker dollar has likely been risk appetite holding up since both the US and China said that they were ready to sign a Phase 1 deal;
as well as the US Federal Reserve’s continued repo operations, which have recently been undersubscribed.
US Yields are expected to extend their grind higher in Q1 and a weaker USD should continue to support Commodity strength. Gold & Copper continue to be bullish and have established a base.
A weaker USD and stronger Commodities are expected to support Emerging Markets equity strength, with MSCI EM China crucially now also breaking higher.
USDJPY: Complete Indecision
USDJPY is currently consolidating within a narrow horizontal range.
for now, the future direction of the market is vague.
I believe that the breakout will clarify the sentiment of the market participants.
USDJPY: Trading Plan
USDJPY is currently retesting the recent market high.
It looks like the market may form a double top pattern.
Pay close attention to a rising channel and sell the market in case of a bearish breakout.
Stop will be strictly above the higher high.
Target levels: 109.3 / 109.0
*if the market goes higher and closes above the current high, our setup will be invalid.
USDJPY: Trading Plan
USDJPY is currently retesting the recent market high.
It looks like the market may form a double top pattern.
Pay close attention to a rising channel and sell the market in case of a bearish breakout.
Stop will be strictly above the higher high.
Target levels: 109.3 / 109.0
*if the market goes higher and closes above the current high, our setup will be invalid.
US Dollar Continues Higher Against JPYYen trades broadly lower while Australian and New Zealand Dollars strengthen in Asia. Stock markets are cheering better than expected manufacturing data from China.
Yen is also additionally pressured by extended rebound in JGB yields. Ultimately, this is a market that continues to be bullish, as we see more of a “risk on” type of behavior out there.
Technically, USD/JPY’s rally resumed after brief consolidations and is on track to 110.50 projection level. Now the intraday bias is back on the upside. As we think, the current rise from 104.45 is in progress for 100% projection of 104.45 to 108.47 from 106.48 at 110.50. A clear break above it will target long-term channel resistance at 111.78 next.
On the downside, below 109.33 (support trend line in orange) will turn intraday bias to neutral and bring consolidations first. In this case, downside of retreat should be contained above 108.00 support to bring rise resumption. Obviously this market found a lot of support at the 108 level, so that is essentially our “floor” at the moment.
