Get started

Dollar-yen

UJ BAT market has been trading in a range between 108 and 114 for about a year now. I expect the political risk stemming from a gov't shutdown will keep driving the current weakness in the dollar and see price head back towards the bottom of the range. A bullish bat pattern will complete at the demand zone we've previously seen the market swing from. Confluence with the trendline from the 2016 lows right before the impulse following the election and we're presented with an excellent R:R to the upside.
by LockNLos
USDJPY D1 Trend ContinuationTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. USDJPY Technical Outlook To open long positions for USDJPY , it is required: In this situation we are now waiting for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend begins to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. The market enviroment is currently in a bullish trend but we will monitor the activity of our positive readings until signal is in the appropriate conditions. Risk Description: Once signal is confirmed 280 pips will be up for grab with small risk SL at swing low. Profit expectations: 14 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal. Current Dynamic S/R Levels: Swing high: 115.00 Swing Low: 110.89
Long
by UnknownUnicorn1372988
USDJPYThe analysis for this pair shows that this will be a long term down trend due to the triple top price action pattern that has occurred. The triple top indicated trend reversal. the trend should relatively follow the descending trend line and at the moment this pair is having a retracement. A good place to enter a short would be when the retracement is done and the pair starts to fall again. However, the safest place to enter the trade would be when the pair breaks the bottom ascending trend line. Please like and follow! message me about pairs you want me to analyze.
by Berenguer
2
USDJPY - November 26th Market Open & Beyond.Explanation is in the chart based on H4 chart. Feel free to leave any questions or comments. *Before I get asked - the EMAs on my chart are apart of my personal trading plan and used as an additional confluence. They are not necessary to this specific analysis, just something I keep on my charts at all times. Please ignore them.. but if you're insistent on learning how to properly use EMA's I'll point you in the right direction. I believe everyone has a right to free, non-BS education to build a foundation. :)
Short
by MattMcGrail
Trump approval rating puts brakes on the tax billThe IMF urged Japan central bank to adhere to the current program of quantitative easing in the fight against stagnating consumer prices, the position voiced by the Central Bank official at the last meeting on monetary policy. Comments of the IMF Chairman Kristin Lagarde lay in opposition to the extensive criticism of the Bank of Japan, which does not want to reduce excessive stimulation, thus encouraging overbought stock market. Shares of Japanese companies are at the 26-year peak, and according to many, are hard to describe by the fundamentals. In turn, the growing rates margin amid ECB and Federal Reserves’ tightening will further promote capital outflows from the Japanese economy only by encouraging the investment activity of Japanese investors abroad. USDJPY fell on Wednesday, primarily due to worsening sentiment in the US currency. The US dollar dipped against its main opponents on Wednesday, trading in a limited range, as the direction will be set with details of the fiscal stimulation of the US economy, in particular tax reform. The weighted average dollar index rose to a maximum of 3.5 months in the last few weeks on expectations that large-scale tax breaks will lead to the need to raise the interest rate faster in order to protect the economy from overheating. The market has priced in the approval of budget reconciliation, which greatly facilitates the implementation of the reform, but despite significant progress, it remains sensitive to every detail about the discussion of reform in the Senate. Washington Post reported on Tuesday, referring to the unidentified sources in the government, that firms can receive tax benefits with a one-year delay to comply with the Senate rule. While the dollar only gives signs of anxiety, the sentiments for further rebound remain steady. Opposition to tax reform, perhaps one of Trump's major future achievements, can also grow because of the fall of the president's ratings. The WSJ poll showed that discontent is growing even among the core Trump electorate, so the reform itself may also be unpopular among the population, which gives another argument to Congress to block the bill. Arthur Idiatulin
Long
by Tickmill
1