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Dollar-yen

USDJPY bulls returnThe US dollar has made a strong upside recovery from the 111.00 level against the Japanese yen currency as investor demand for the greenback returns. The USDJPY pair has a strong intraday bullish bias while trading above the 111.60 resistance level. Technical indicators on the four-hour time frame suggest that the USDJPY pair can trade higher over the short-term. If the USDJPY pair trades above the 111.60 level, buyers may test towards the 112.00 and 112.45 levels. If the USDJPY pair trades below the 111.60, key intraday support is found at the 111.30 and 110.90 levels.
by OctaFX_Official
USDJPY bearish below 110.90The US dollar has fallen to a new monthly trading low against the Japanese yen currency after the FOMC meeting minutes showed that US policymakers remained dovish towards interest rates. The USDJPY briefly traded below the 110.90 support level, with a sustained price close now needed to turn the weekly sentiment towards the pair bearish. Technical indicators on the daily time frame suggest that the USDJPY pair can still trade lower over the medium-term. If the USDJPY pair trades below the 110.90 level, sellers may test towards the 110.65 and 110.40 levels. If the USDJPY pair trades above the 110.90, key intraday resistance is found at the 111.10 and 111.30 levels.
by OctaFX_Official
USDJPY triple top pattern formingThe US dollar has fallen to a fresh weekly trading low against the Japanese yen currency as the greenback comes under selling pressure ahead of the release of the FOMC meeting minutes. USDJPY sellers need to move price below the 110.90 support level in order to turn the weekly sentiment towards the pair bearish. Traders should note that a bearish triple top pattern formation is also creating technical selling pressure on the four-hour time frame. If the USDJPY pair trades below the 110.90 level, sellers may test towards the 110.65 and 111.40 levels. If bulls move price above the 111.30 level, buyers may test towards the 111.65 and 112.20 levels.
by OctaFX_Official
USDJPY UPDATED IDEASO I HAVE BEEN WATCHING USDJPY AND BASED ON WHAT THE MARKET HAD BEEN SHOWING ME PRICE HAS RETRACED A LITTLE DEEPER THAN I HAD ANTICIPATED. (BY THE WAY THATS WHY IT IS AWESOME TO LET THE MARKET SHOW YOU WHAT IT WANTS TO DO RATHER THAN YOU TRYING TO TELL THE MARKET ITS A BUY OR SELL MARKET! NEWS FLASH: WE HAVE ABSOLUTELY NO INFLUENCE IN THE MARKET! ITS TRILLIONS OF DOLLARS A DAY IN VOLUME OUR LOTS DONT MOVE IT LOL!) OKAY BACK TO THE SUBJECT. SO THE MARKET HAS RETRACED A LITTLE DEEPER BUT THE BUYER MOMENTUM ISN'T VERY SIGNIFICANT SO I SPOTTED THIS LARGER TREND-LINE THAT PRICE ACTION MAY POSSIBLY BASE ITSELF ON. IT LOOKS LIKE IT HAS BEEN HOLDING AND PRICE IS COMING RIGHT INTO THAT AREA. KEEP AN EYE ON THIS PAIR FOR MOMENTUM WHETHER IT BE TO THE UPSIDE OR DOWNSIDE. SINCE I AM ON A SHORT BIAS I AM VERY OBSERVANT TO BOTH BUYERS AND SELLERS OF COURSE. KEEP AN EYE ON THIS PAIR TO SEE WHO SHOWS THE INITIAL MOMENTUM PUSH WHICH WILL PROBABLY BE THE CATALYST FOR THE NEXT MOVE IN THE MARKET. CHEERS! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS!
Short
by JosePips
USDJPY testing rising wedgeThe US dollar has moved to a new monthly trading high against the Japanese yen currency following more bullish news coming from Sino-US trade talks. The USDJPY pair has now moved above the 111.60 level and may attempt to move back inside the rising wedge pattern. Overall, the USDJPY pair will retain its strong weekly bullish bias while trade above the 110.90 support level. The USDJPY pair is strongly bullish while trading above the 111.60 level, key resistance is found at the 111.90 an 112.25 levels. If the USDJPY pair falls below the 111.30 level, key technical support is located at the 110.90 and 110.60 level.
by OctaFX_Official
USDJPY awaits trade talk newsThe US dollar continues to consolidate at elevated levels against the Japanese yen currency on Thursday as traders await the latest news from Sino-US trade talks in Washington. Bullish trade talks news could provoke a move higher in the USDJPY pair towards the 112.10 level. Bearish news will likely cause the USDJPY pair to decline sharply back towards the 110.00 support level. If bulls move price above the 111.60 level, further gains towards the 112.10 and 112.60 levels appear likely. If the USDJPY pair falls below the 111.00 level, key technical support is located at the 110.60 and 110.00 level.
by OctaFX_Official
USDJPY losing bullish momentumThe US dollar is losing bullish momentum above the 111.00 level against the Japanese ye, despite the recent surge in the value of the greenback. The USDJPY pair could reverse back towards the pivotal 110.90 level if buyers fail to move price above the 111.60 resistance area. Technical indicators across the four-hour time frame are also starting to appear overstretched. If the USDJPY pair falls to move above the 111.60 level, sellers may test towards the 110.90 and 110.40 support levels. If bulls move price above the 111.60 level, further gains towards the 112.00 and 112.25 levels appear likely.
by OctaFX_Official
USDJPY turns bullishThe US dollar continues to advance against the Japanese yen currency on Tuesday as overall risk-sentiment in financial markets continue to improve. The USDJPY pair has now turned bullish, with the 111.68 level critical technical resistance before the 112.00 level. The USDJPY pair will only turn intraday bearish if sellers can once again move price below the pivotal 110.90 support level. The USDJPY pair is bullish while trading above the 110.90 level, key resistance is found at the 111.68 and 112.00 levels. If the USDJPY pair falls under the 110.90 level, sellers may test towards the 110.66 and 110.40 support levels.
by OctaFX_Official
USDJPY 110.90 key weekly pivotThe US dollar has opened the new trading month with a slight bullish bias against the Japanese yen currency, after the Chinese economy posted better than expected manufacturing data. The USDJPY pair has a strong bullish intraday bias while trading above the 110.90 level, which is the key weekly pivot point. The 111.60 level offers the strongest form of near-term resistance above the 111.00 resistance level. The USDJPY pair has a bullish bias while trading above the 110.90 level, key resistance is found at the 111.20 and 111.60 levels. If the USDJPY pair fails to move price above the 110.90 levels, sellers may test back towards the 110.68 and 110.40 levels.
by OctaFX_Official
USDJPY - Short opportunity, trendline breakdown. Good weekend everyone, quick one at USDJPY Weekly: Price moving inside big triangle for years and now failed to re-test top, therefore i expect price to go down now. Daily: Price broke ascending trendline and now its re-testing it (pullback), should the price reject it then we have another bearish confluence. H4 and H1: Price showing clear indecision right now, what is expected, should the price break and close below H4 50ema then we may trigger our short position aiming bottom of the big triangle, near 108.1 zone. Should the price reach 109.2 trail the S.Losses and reduce position. Wait for bearish confirmation before trigger the short. This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Short
by MarcelMartins
NZDJPY Leading Yen PairsThis past week there was a news release from New Zealand, stating that the cash rate will remain the same for the next quarter. What was also mentioned was instability in the Euro and Australian Dollar. Fundamentally, this gives us a bearish consensus. But I don't use fundamental analysis, it's just a good reference for me to understand the influence on the currency, Instead, in my algorithm we've been shorting since the open of the long bearish candle. This was due to the crossover, trend indicator, and volume. My view is that many retail traders have been buying into the weakness, which has sorted out a position favorable enough for another Sell Order. The Australian cash rate is also next week, and if considering the hole that the Global debt crisis has made, we should be retouching the 72.3 price region.
Short
by jordvnflows
USDJPY testing 110.00 pivotThe US dollar is once again trading testing the 110.00 level against the Japanese yen as global equity markets come under downside pressure. The USDJPY pair has a strong bearish intraday bias while trading below the 110.30 resistance level. The 109.10 level now offers the strongest form of support below the pairs former weekly trading low. The USDJPY pair is bearish while trading below the 110.30 level, key support is found at the 109.10 and 108.80 levels. If the USDJPY pair trades above the 110.30 level, buyers may test towards the 110.90 and 111.20 resistance levels.
by OctaFX_Official
how to trade a harmonic gartley pattern with confirmation? hey traders, on dollar yen we have a completed harmonic bullish gartley pattern. the market is already oversold, so there is a nice chance that we will see a pullback. however, I prefer to trade harmonic patterns with confirmation. for this pattern we have an inversed head and shoulders pattern on 1h chart. just wait and buy bullish violation of a neckline with you initial target bit below 111.000 good luck!
Long
by VasilyTrader
2
USDJPY under pressureThe US dollar is under increasing downside pressure against the Japanese yen currency following yesterday’s FOMC interest rate decision. A bearish triple-top pattern formation is present, while price has also convincingly broken outside of the rising price channel on the four-hour time frame. The 110.40 and 109.80 levels offer bearish weekly targets while the USDJPY pair trades below the 110.80 level. The USDJPY pair is bearish while trading below the 110.80 level, key support is found at the 110.40 and 109.80 levels. If the USDJPY pair trades above the 110.80 level, buyers may test towards the 111.20 and 111.50 resistance levels.
by OctaFX_Official
USDJPY moves back to weekly pivoThe US dollar has recovered higher against the Japanese yen currency after sellers failed to hold price below key trendline support from the rising price channel on the four-hour time frame. Bulls need to break above the 111.80 level to negate a potential triple top pattern formation and push price above the 112.15 resistance level. Sellers will have to force the USDJPY pair under the 110.80 level in order to create a bearish lower weekly low. The USDJPY pair is bullish while trading below the 111.80 level, key resistance is found at the 112.15 and 112.80 levels. If the USDJPY pair trades below the 111.45 level, sellers may test towards the 110.80 and 110.45 support levels.
by OctaFX_Official
USD/JPY Potential short term, short setup...Following on from my Forex Market Breakdown Volume 5, price seems to be following suit. We continue to consolidate between hourly support and resistance sitting between 111.756 - 111.980. Previously short term support was broken and retested and price formed a potential short setup from this zone. However, this turned out to be a fake out and since then price has taken another dive into resistance although this doesn't look overly convincing. We now sit at the 5th rejections of resistance following a strong bearish engulfing candle. It is also important to mention the higher time frame confluences on this pair, 112.000 being a strong weekly level also coinciding with alternate weekly confluences which I will keep to myself. I have also marked on a strong daily level between 111.360 and 111.5000 highlighted by the blue zone. I believe this level will be retested and therefore this zone sits as my downside target. With this in mind, we must firstly see a strong break below the hourly 50ema and hourly support zone. 111.756 sits as my first downside target and once broken its all eyes on 111.500. Enjoy! Instagram: www.instagram.com
Short
by NickLindleyFx
USDJPY still bullishThe US dollar is holding above key weekly technical support against the Japanese yen currency, with the earlier Bank of Japan policy meeting having only a limited effect on the pair. Buyers still retain intraday control of the USDJPY pair and are likely to target a bullish weekly price close above the 112.00 level. The MACD indicator on the four-hour time frame is also trending higher and signaling that pressure remains to the upside. The USDJPY pair is intraday bullish while trading above the 111.60 level, key resistance is found at the 112.00 and 112.20 levels. If the USDJPY pair trades below the 111.60 level, sellers may test towards the 111.45 and 111.30 support levels.
by OctaFX_Official
USDJPY further bullish above 111.60The US dollar is advancing higher against the Japanese yen on Thursday, with the pair breaking range and moving towards its weekly pivot point. Further intraday gains in the USDJPY pair are expected if bulls can hold price trades above the pivotal 111.60 level. The overall upside objective of the rising price channel on the four-hour time frame is currently located at the 112.80 level. The USDJPY pair is intraday bullish while trading above the 111.60 level, key resistance is found at the 112.00 and 112.80 levels. If the USDJPY pair falls below the 111.45 level, sellers may test towards the 111.30 and 111.10 support levels.
by OctaFX_Official