Dollaryen
The Bear Is RageUSDJPY
Setup: ABC
Confluence:
BRN
CRS
Break double tops neckline
Entry:
Sell Limit @ 107, SL @ 107.50 (50 pips), TP @ 106.00 (100 pips)
ORBEX: USDJPY, GBPUSD: Tradewars, Brexitwars! What Next?In today's #marketinsights video recording I analyse #usdjpy and #gbpusd
USDJPY affected by:
- China announcing ready for a partial deal
- Fed Chair not as dovish, and expected to remain the case today
- US troops withdrawal from Turkey-Syria borders (perhaps to distract from impeachment inquiry?)
But with Thursday's talks resuming and Trump blacklisting Chinese entities this could change rapidly!
GBPUSD affected by:
- Lord Pentland ruling out the need to extend withdrawal from EU
- Increasing chances of hard Brexit -now over 60%
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
USDJPY - Inside bar breakoutPrice has broken back into an area of former congestion (108.8 - 106.8) and has fallen to test the lower range after a double-top
Price action has now stalled and is showing some indecision, forming an inside bar.
Trading the break of the mother bar to the downside should see a restest of recent lows (see chart)
ORBEX: EURUSD, USDJPY - The Risks Of A US-EU TradewarIn today's #marketinsights video recording I analyse #EURUSD and #USDJPY
#EURUSD weak on:
- US-EU potential trade conflict (airbus illegal state aid - WTO depended)
- ECB's Germans board member resignation
Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive
#USDJPY strong on:
- Dovish Evans turned neutral
- Positive home sales
- No GDP revision
- No safe-haven flows
- Dollar seen as risk positive
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
USDJPY ST to LT BUY It is making a small flag above the trend line here, I have a buy position still open from 106.75 and I took another trade today, on a short term forecast which has a good potential for a longer-term trade (check the daily view below)
USDJPYW- Four weeks of consolidation zone broken, fifth-week candle closed above all the previous wicks.
D- Bearish structure broken, new higher low and higher high have been formed. ( would it retest 38.20%?)
4h- 38.20% fib re-test.
First TP : 107.664
Second TP : 108.187
Over all TP : 109.826 (300 pips)
USDJPY trading in descending channel - Short entry approachingUSDJPY Trading in descending channel, shown on one hour chart. Approaching channel resistance. Might be a few days away still. Looking for short entry swing trade.
USDJPY also a good indicator of risk sentiment. A change in trend to the downside may correlate with a short term top in S&P and attract buying pressure across the precious metals.
FREE ANALYSIS ON USDJPY - keep an eye outFREE ANALYSIS ON USDJPY
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1 HOUR Chart
USDJPY could make one more bullish run to around 106.255 or even higher at 106.600. From then we should see more move to the downside. Watch That top for more downside
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USDJPY Ascending Trend Line BreakoutIn the hourly time frame we see price pushed up to an important level of resistance and then reject below breaking out of its respected uptrend. The Market is showing us that price can begin consolidating at the key swap level price is at right now and this breakout could be an exhaustion for the bulls before they come back in with another impulsive push up breaking our resistance or this can be a breakout, pull back and price pushes down to our key support level.
Dollar yen double top UJ looking like a double top so
my
entry: 108..02
profit: 107.42
stop loss right above that liquidity pocket at the highs
108.67 or so
USDJPY After Double BottomRecently the Dollar/Yen had activity near the 107.200 zone.
Breaking the last bearish structure with this pattern, its time to wait for a pullback to the nearest support (blue rectangle and continue bullish to 110.600.
4 - USDJPY - FX Majors | Reversal & Impulse | July 2019USDJPY labeled within a Complex Bearish Triple Three pattern in Intermediate (B) (blue).
Patterns:
- Minor Z (purple) - Regular Flat
- Minute a (red) - Three Swings sequence
- Minute b (red) - Double Three
Minor Z (purple) is expected to resume for the down-trend with Minute c (red), in an impulsive manner.
USDJPY - Selling at the top of the channelTrade Idea
Trading within a Bearish Channel formation.
Bespoke resistance is located at 108.10.
There is scope for mild buying at the open but gains should be limited.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 108.20, resulting in improved risk/reward.
We look to Sell at 108.20
Stop: 108.50
Target 1: 107.10
Target 2: 106.50
USDJPY - FX Majors | Patterns & Waves | June-July 2019
USDJPY labeled within a Complex Bearish Triple Three pattern in Intermediate (B) (blue).
Minor Z (purple) is expected to resume for the down-trend, in an impulsive manner.
Looking for a rally and then??Looking at the bigger picture on USDJPY, I am expecting to see a rally over the coming months which should see price reach 118 comfortably and possibly as high as 120. From that point I will be waiting for a reversal to confirm where there will be a significant move to the downside being the second impulse after the correction is complete.
USDJPY Bearish ReversalTrade Background:
Price broke off a bullish trend channel last week on May 23th. Since then price has been trading in a bearish channel. Now price is testing final resistance level again.Which gives us traders a good opportunity to short this pair with limited risk. In addition, with the global equity market nearing correction territory, it could give the Yen a bullish push.
Trade Idea:
Positioning: Short
Time frame: 1H
Length of Trade: 1 day to 3 days
Entry: Between 109.350 to 109.450
Stop: 109.500
Exit: 109.150
Yen Still Strong Versus DollarGood morning traders.. As you see on the chart H4 above, this pair USD JPY still has negative momentum and will be continue bearish. Bearish intermediate impuls wave 3 can be support this projection..
UJ - 30/4/19Been looking at this downtrend, once price hits that trendline, I'm selling as long as price respects the trendline.
If you are part of my free telegram channel, you would have seen that I have been anticipating the sell at 112 area (black arrow pointing down). However, we had a 39 pip draw down in which small accounts may have been stopped out (fakeout). As you can clearly see price has sold and if you entered when I sent that trade, you would be in 50 pips profit. To join my free telegram channel, head over to my twitter (in bio) and click the link in my pinned tweet.
