USDJPY 4h Uptrend Possible Buy PositionUSDJPY is on an uptrend currently and there is a good positon to buy it @ 110.25 which is the 61.8 level of Fibonacci .
No Confirmation = No Trading
Forex-usdjpy
USD/JPY – Week 26 – Targeting the trendline.In our previous outlook, we expected USDJPY to drop towards the trendline. Instead, the price reached new highs but soon after gave some signs of exhaustion.
For next week, we expect the pair to reach the trendline. If it breaks and consolidates underneath, we will consider further bearish momentum. If not, then we will most likely bounce back up and make a new high.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
USDJPY: Bullish Outlook & Potential Targets 🇺🇸🇯🇵
Hey traders,
USDJPY keeps trading in a minor bullish trend from the end of April.
The pair is steadily growing within a rising wedge pattern.
Now the price is approaching its support.
I believe that probabilities are high that the pair will set a higher low again and will go higher.
Goals:
110.3
110.7
In case of a bearish breakout of support of the wedge, I will look for shorting opportunities.
USD/JPY analisys and price outlookKey levels
110.20
109.90
109.60
108.69 Last Price
108.40
108.10
107.80
after pullbackprice has broken strong resistance zone which turned our support
after the retracement, i expect a nice move to the upside
USDJPY long in demand zone H4USDJPY long in demand zone H4 and take profit at supply zone and let profit run
EW Analysis: Bearish Looking Treasuries May Push USDJPY HigherHello traders!
Today we will talk about treasuries (10Y US Notes) and its negative correlation with USDJPY.
As you can see, 10Y US Notes turned sharply down after a corrective movement in wave 4), which means that it can be now on the way back to lows for wave 5), especially if breaks below channel support line.
At the same time USDJPY may continue higher as we know they are in tight negative correlation, so be aware of more upside on USDJPY with room even up to March 2020 highs and 112 area.
Trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
TRADE VIEW ON USDJPYLooking at #USDJPY, i can see a corrective move currently taking place. With the aid of Fibonacci, order blocks i was able to come up with this analysis. On the 4hrs TF, you will notice price compressing with a hidden divergence towards the first order block... This first order block has a risk of 17pips... so once price gets to 109.600, i will take a sell... if this first trade fails, i will sell again at the second order block 110.155 with a risk of 33pips.... if it fails again, then we are not suppose to be selling this pair.#usdjpy
USDJPY - Buying on weaknessUSDJPY still in bullish bias and under a deep correction. The senko span 1 supports the market and made it rebound a couple days ago. Now, price will go to continue the upwared movement. The big target will be around 114.305.
The question is how we can ride this upward movement?
As you can see, in H4, market already breached resistance zone and from it, going upward for a while. Making a break from minor resistance (now become new support) 109.225-109.060 that will be the target of the itd correction now. So, observe this level carefully for the chance price can go back again to this new support. You can try to get new buying spot around that level.
Good luck then.
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USDJPYlooking to short it...looking at 109.30 area or 109.60 area...let's see where it will turn..
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
USDJPY Long Idea for the next 3 months The USD/JPY pair extends its previous two session gains and continues to march higher in the European session on April 28. The pair peaked at 109.08, the level last seen on April 14.
At the time of writing, USD/JPY is trading at 108.80, up 0.03% on the day.
Upbeat US economic data continues to strengthen investors risk appetite, thus helping to gain a stronghold for the greenback. US CB Consumer Confidence data rose to 121.7 in April from 109 in March, beating market expectations that stood at 113. I am expecting the green back to weaken in the next weeks because of inflationary pressure that coming from the Commodities Market ( Lumber, Platinum, Steel)
On the other hand, Japanese policymakers kept short-term key rates unchanged at -0.1%, as widely expected on Tuesday, and cut its consumer inflation forecast to 0.1% from earlier predictions of 0.5%. Retail Sales increased by 5.2% on a yearly basis in March. However, the concerns of lower inflation expectations, and thus the lower interest rates, overshadowed the good sales number. As said, the Japanese government is ready to impose strict measures and limit many businesses from operating to curb the rising coronavirus infections in the continent. Investors are now ready to place bets on the yen.
On the technichal side, the Price is retracing from 0,38 to 0,23 Fibu, and it was rejected. The price now is moving down side and it started to form a channel, I am expecting a movement down to 0,61 Fibu level.
Do not hesitate contacting me if you have any Questions!
USD/JPY - Will USD Weakness Continue?We can see price is trading in a descending channel.
We have identified key short term structure levels in blue.
The yellow key level marked is a respected long term level.
USD has been weak across the board once again. Will we see a recovery and a bullish push for the reserve currency over the coming weeks?
EW Analysis: USDJPY Remains Bullish Towards 2020 HighsHello traders!
Today we want to update USDJPY chart, which is moving nicely bullish as we expected at the beginning of 2021 and seems like there's room for more gains towards 2020 highs as we see an unfinished five-wave cycle.
As you can see, USDJPY is in an impulsive move up, breaking even above base channel resistance line which suggests wave (3) of a five-wave cycle. So, more upside is in view towards projected Fibonacci 110.80 and 112 target levels, but probably once a current consolidation, ideally a correction in wave 4 fully unfolds. Wave 4 can be either a triangle or a flag pattern that can retest the base channel resistance line as a support before the uptrend resumes.
We remain bullish as long as the price is trading above 106.20 invalidation level.
Trade well and all the best!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
EURAUD LONG OFF THE PULLBACK THE EURAUD HAS PULLED BACK NICELY JUST SHY OF THE 78 FIB AND HAS FORMED A HOURLY DOUBLE BOTTOM
NOT A STRONG CANDLE FOR A TURN BUT ITS IN AN AREA OF EXTREME IMPORTANCE TO GO LONG FROM HERE
WE GOING TO TRADE THIS 1 FIB UP @ A TIME AND THEN RE LOOK AT POSITION OF TRADE ONCE WE HAVE FORMED A NEW HIGH
USDJPY Potential LONG SetupIn this analysis, I share potential long setup that might be playing on USDJPY pair. This idea is just for educational purpose only.
USD/JPY - Price Following Forecast PerfectlyPrice has followed our forecasted price path perfectly so far.
Will we see a close above this level and a retracement for long confirmation?
Happy Trading! Any questions don't hesitate to ask!
USD/JPY - Bullish cycle imminent? USD/JPY - 4HR Chart
We've seen a bounce off our long term ascending trendline. Bullish cycle upwards imminent? Will we see price follow our forecasted price path?
Do not use trendlines alone to take trades, however - they can be great to help you identify the trend on the HTF.
USD/JPY - Price Following Forecast with Break to the UpsideWe've seen continued JPY weakness in the markets and a USD resurgence of late taking this pair higher and breaking through a key level in previous structure to the upside.
Currently price is following our forecast. Will we see a retracement to retest our level - or will price continue to head higher as the bullish cycle continues on the 4HR?
USDJPY Update: Is It Turning Bullish Now?!Hello traders and investors!
USDJPY is nicely recovering after we noticed a completed ending diagonal and bottom formation at 102.60 lows. The price action looks strong and impulsive now, so seems like it's unfolding five waves up from the lows that can send the it even up to 106 - 107 area, just be aware of short-term wave 4 corrections, a lower degree and higher degree.
What we want to say is that as long as strong trendline connected from the lows and 104.00 level hold, we can expect more upside within a five-wave cycle.
Trade well!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
USDJPY going up! Ive provided a pretty easy amd basic prediction, going off of past evidence, it's safe to say that we'll break up!
