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USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=112.8. TP4: S2=112.45. Set the stoploss of these orders at breakout of R2=113.55. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=113.55. In this situation, there is an expectation to reach the target R3=114.2. Set the stoploss of reverse orders at breakout of R1=113.35. 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! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Short
by ForecastCity
UsdJpy to continue it's upward push?We have no stock picks for today, as the hype on Pot Stocks are still strong. As you can see yesterday, we rode the trend up on Cronos before Tilray halt start to spoil the party, Still bullish base on our last sharing. For today, we don't see much opportunity in the market. Given a choice to pick one, it will be USDJPY. We are slightly short bias on this counter. Next major resistance 114 level but in the short run there is a 112.70/112.80 level to be tested. If price fails to push above this we can see a short drop on USDJPY to 111.50/111.80 level. Side note, if you wish to be notified on our daily updates. Just follow us.
by TradersArticle
USD/JPY - Coming week will be important for this pairHello everyone! Today wanna share with you my idea about USD JPY . Is moving from 1 month inside a triangle , now looks like is ready to break it , EMA 200 in 4h it's an important tool in my opinion , in this case acted as resistance around 111 zone so the possibilities for this pair are higher for a downside break by the way will wait for a strong and solid breakout! Take an eye on it for this week , this is in my watchlist of the week! Let me know in the comments what you think about that!
by maro9392
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