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This Is The Flag That Will Decide The Fate Of USDJPY!USDJPY recently broke out of a large structure on the daily and weekly time frame. The current structure formation on the H4 time frame is what I have been waiting for. This is the second wave of this structure which should complete at around the 78% retracement level from the previous high. I then expect to see wave three to the downside where I will then be looking for the start of the big move up! We could see a break after 3 waves complete or 5 waves complete but should this flag break to the upside, there are huge targets! Contact me via direct message for any assistance required Happy trading! Linton
Long
by Linton_White
1
USDJPY Technical Crossroads: Will it Break Higher?President Trump threatened a government shutdown should Congress fail to pass the bill for wall at the Mexican boarder and change immigration laws to merit points. We have not seen a significant reaction to these comments that were made on Sunday but we are noting a weaker USD against a basket of currencies. USDJPY reached its 4hr resistance, which was tested following the recent 4hr close. Rather than attempting a short trade in the currency pair, a 4hr close above the resistance may pave the way for further gains towards 111.35. The technical analysis is a fairly classic breakout strategy which may take some time to materialize. The Bank of Japan (BOJ) monetary policy is scheduled to be held during the Asian session, which may trigger some volatility in JPY pairs and crosses in the Forex market. Many wonder whether the BOJ will begin layering its plans for exiting the current Quantitative Easing (QE) program as it was hinted on several occasions in the past. Do not that this is a strictly short-term strategy, which is not aimed to target hundreds of pips.
Long
by DDMARKETS
A Closer Look At USDJPYTwo days ago USDJPY broke above major trendline and have pushed higher since. Also mentioned a week ago that this pair was still bullish on a lower time frame. Though at this point anybody can look at this chart and say it's super bullish, however, in my opinion, not only is it near key resistance level of 112.50, there's also a divergence on both MACD and RSI. In addition to that, if you're Elliot Wave fanatic then you'd agree that we are looking at wave count number 5. We'll see! Happy Trading, folks! Cheers!
Short
by Kav1ka
USD/JPY CorrectionUSD is seeing strength due to recent interest rake hike and 2 more planned hikes this year. JPY is seeing some weakness due to Trump's threats of Trade War. As today is over and tomorrow is the 4th, we may see a further downslide as reports have the USD being strong into the holiday. If Trump softens his stance, we may see some strength return to JPY. None of the above is intended as financial advice and is my opinion only. I am not a license financial advisor and this information is not to be used toward the purposes of financial gain. This information is for entertainment purposes only.
by algocowboy2030
USD / Yen - Evolving Head and shoulders - SHORTWe have a far from perfect Head and Shoulders pattern (when is it ever perfect) developing on this pair and if it doesn't break below the open price at 109.8 (50% fib ) then we're going higher, but we're divergent on 4H and at a point of major resistance, so there is more than a 50% probability we could track down the proposed right shoulder. If and it's always a big if, we then break the neckline (200ema), the proposed target will be established, the distance from the head to the right shoulder, transposed below the neckline @109 another major support and fib level. I had exactly this scenario on GBP / NZD and it was my most profitable pair this year, but this is the US$ / Yen and we're selling the $, so it's something to monitor carefully.
Short
by CBMotivation
9
USDJPY target price on monthly chartAs seen in the monthly chart above, the price has been tested to top band but failed and falled back. In this case, we can expect to fall to the blue support line. Most likely it will broke it and reach the red support line. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
by KasaDairesi
USD JPY - An inverted H&S?Morning traders! Today let's see USD JPY , in lower timeframes in my opinion there is some short opportunity until 106 zone , price has been rejected from 108 zone 2 times and that's an important resistance zone , while in long term , into the daily timeframe i've seen a potential inverted H&S , is still forming , it's just a potential signal so don't take that like a certainty but it's always interesting. Usually i don't trust really much about '' macro patterns '' as H&S cause sometimes think that some traders '' force '' the pattern but this time might be an important opportunity. Stay tuned and have a nice day traders!
Short
by maro9392
DOLLAR REVERSAL ON?! USD/JPY MAY TELL THE STORYFundas - So with the Dollar starting to show some strength towards the end of this week and no more major catalysts for the short term, bulls may be testing the waters from here. The main risk to the markets is the Syria situation, which seems to be clearing up, however weekend gap risk still remains if new information comes to light. Techs: I don't trust an initial breakout of this consolidation between 107.50 and 106.50 for a long play, I expect there to be sellers at and around the 108 handle. If price pulls back and defends the 107.40-50 area, I would be much more inclined to go long then with a stop below the 107 handle, expecting a launch back into the 109.25-110 zone for a solid r/r trade
Long
by StellarCraig
4