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Dollar-yen

USDJPY trade talk buzzThe US dollar is attempting to recover above the 106.90 level against the Japanese yen, with the pair appearing to have found an interim price floor. The USDJPY could drift higher towards 107.45 level this week, as initial Sino-US trade talk optimism dominates market sentiment. Overall, the USDJPY pair is technically bearish while trading under the important 106.90 support level. • The USDJPY pair is bearish while trading below the 106.90 level, key technical support remains at the 106.40 and 105.50 levels. • The USDJPY pair is only bullish while trading above the 106.90 level, key resistance is found at the 107.45 and 107.70 levels
by OctaFX_Official
Short USD Long Yen Is the Hot New FX Bet During Trade WarFundamentals point towards a bullish Yen and with recent Non-Farm numbers showing up lower than expected, we should see a rally in the Yen and a decline in USD pairs. It may not happen suddenly and take time before we see this happens, perhaps towards the end of the month, but if my technicals give me a signal before the news hits, then I am in. Anything can happen so I am also prepared to long this pair if underlying circumstances presents themselves.
by bajapips
USDJPY 106.90 keyThe US dollar is under increasing downside pressure against the Japanese yen currency as global equity markets and the greenback falters over recent US data misses. The 106.90 level is now the key support region that bears must break to force a further decline toward the 105.50 level. Overall, the USDJPY has a strong intraday bearish bias while trading below the 107.45 level. • The USDJPY pair is only bearish while trading below the 107.45 level, key technical support remains at the 106.90 and 106.35 levels. • The USDJPY pair is bullish while trading above the 107.45 level, key resistance is found at the 107.70 and 108.00 levels.
by OctaFX_Official
USDJPY: Update and Outlook this is my update for the idea on USDJPY. the market has returned within the boundaries of the wedge and I just did a little adjustment to its rising support line. currently, the market is trading inside the supply area, so our task right now is to pay attention to the market behavior. our trigger is the bearish breakout of the wedge. patiently wait and sell the breakout. good luck! *if you like this idea, please, like it and leave a comment! thanks :)
Short
by VasilyTrader
21
USDJPY: Trading Plan For Next Week hey traders, after a very good long trade that we have taken this week, it is time to adjust our trading plan. Next week I will be paying close attention to a rising wedge pattern that can be easily identified on 1h and 4h charts. On Friday the market has closed approaching a support line of the wedge. Most likely buyers will push the market higher from this point setting a new higher high higher close within the wedge. On my focus will be a wide supply area 108.2 - 108.5. Selling orders will accumulate in this zone and there will be a high chance to see a selloff. Our confirmation signal will be a bearish violation of a rising wedge. Target levels will be 107.9 and 107.5 Stop will be above the highest point of the wedge. Good luck! *Please, if you want more signals, support this idea liking it and leaving a comment, thank you!:)
Short
by VasilyTrader
27
USDJPY: Trading Plan For Next Week hey traders, after a very good long trade that we have taken this week, it is time to adjust our trading plan. Next week I will be paying close attention to a rising wedge pattern that can be easily identified on 1h and 4h charts. On Friday the market has closed approaching a support line of the wedge . Most likely buyers will push the market higher from this point setting a new higher high higher close within the wedge . On my focus will be a wide supply area 108.2 - 108.5. Selling orders will accumulate in this zone and there will be a high chance to see a selloff. Our confirmation signal will be a bearish violation of a rising wedge . Target levels will be 107.9 and 107.5 Stop will be above the highest point of the wedge . Good luck! *Please, if you want more signals, support this idea liking it and leaving a comment, thank you!:)
Short
by VasilyTrader
1
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=107.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=108.05. TP4: R2=108.25. Set the stoploss of these orders at breakout of S2=107.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=107.45. In this situation, there is an expectation to reach the target S3=106.85. Set the stoploss of reverse orders at breakout of S1=107.6. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
USDJPY back to pivotThe US dollar continues to recover higher against the Japanese yen currency as the pair move back towards the pivotal 107.70 level. The rebound from the 106.90 level has been fairly rapid and suggests that the USDJPY pair could still probe above the 108.00 level over the medium-term. Overall, bulls have the upper hand as long as the USDJPY pair trades above the 107.70 level. The USDJPY pair is only bullish while trading above the 107.70 level, key resistance is found at the 108.10 and 108.48 levels. The USDJPY pair is only bearish while trading below the 107.00 level, key technical support remains at the 106.90 and 106.50 levels.
by OctaFX_Official
USDJPY Trading Plan hey traders, usdjpy has recently broken below a key support level on 4H, quite quickly though the market has returned within the boundaries of a wide trading range 107.4 - 108.4 simultaneously braking the falling parallel channel . now the lower boundary of the range will be again significant support for the buyers, so I will be looking for a signal inside this area to buy. my target levels will be 108.0 and 108.4 if you want to trade aggressively, the safest stop will be below the lowest point of the flag.
Long
by VasilyTrader
1
USDJPY Trading Plan hey traders, usdjpy has recently broken below a key support level on 4H, quite quickly though the market has returned within the boundaries of a wide trading range 107.4 - 108.4 simultaneously braking the falling parallel channel. now the lower boundary of the range will be again significant support for the buyers, so I will be looking for a signal inside this area to buy. my target levels will be 108.0 and 108.4 if you want to trade aggressively, the safest stop will be below the lowest point of the flag.
Long
by VasilyTrader
2
USDJPY trade troublesThe US dollar is coming under pressure against the US dollar after China canceled its upcoming trade talks with the US negotiators. The USDJPY pair is likely to remain under further technical selling pressure while trading below the 107.70 resistance level. Overall, the 107.10 level is the current short-term bearish target, with the 106.90 level the extended downside target. The USDJPY pair is only bullish while trading above the 107.70 level, key resistance is found at the 108.10 and 108.48 levels. The USDJPY pair is only bearish while trading below the 107.70 level, key technical support remains at the 107.10 and 106.90 levels.
by OctaFX_Official
USDJPY very bullishThe US dollar continues to trade above the pivotal 107.00 level against the Japanese yen despite global equity markets turning lower. The technicals for the USDJPY pair still point to more upside while price holds above the 107.00 to 107.10 support zone. The breakout above the 107.50 level in the short-term is likely to push the USDJPY pair towards the 108.10 resistance area. The USDJPY pair is bullish while trading above the 107.00 level, key resistance is found at the 108.10 and 108.30 levels. The USDJPY pair is only bearish while trading below the 107.00 level, key technical support is found at the 106.40 and 106.00 levels.
by OctaFX_Official
7
USDJPY 108.00 possibleThe US dollar has broken to the upside against the Japanese yen currency, following more bullish trade news regarding Sino-US trade talks. Now that bulls have broken above the 107.00 level the rally in the USDJPY pair could easily extend towards the 108.00 level. An inverted head and shoulders pattern on the lower time frames point to a potential move towards 108.80. The USDJPY pair is bullish while trading above the 106.40 level, key resistance is found at the 108.00 and 108.80 levels. The USDJPY pair is only bearish while trading below the 106.40 level, key technical support is found at the 106.00 and 105.40 levels.
by OctaFX_Official
USDJPY 107.00 revisitedThe US dollar has regained its short-term bullish bias against the Japanese yen currency as the pair recovers its former weekly losses. The USDJPY pair is being boosted by positive sentiment, as reports surface that Sino-US trade talks will begin next Thursday. Overall, a sustained move above the 107.00 resistance level opens-the-door for further gains towards the 108.00 level. The USDJPY pair is bullish while trading above the 106.40 level, key resistance is found at the 107.00 and 108.00 levels. The USDJPY pair is only bearish while trading below the 106.40 level, key technical support is found at the 106.00 and 105.00 levels.
by OctaFX_Official