Long on USD/JPY - Target 111.45Its been in a trend channel since 2016 and no reason why it should not continue.
Forex-usdjpy
USDJPY - Dollar bulls looking to run!Careful here friends, I've spotted a large bull flag on the Weekly for USDJPY. Earlier I called out the potential short that has now achieved it's final target. Usually after the final target is achieved the trade is complete and we see a pull back.
Pullback is confirmed, so watch for the bulls to start building a long position. Will update as it progresses!
USDJPY Fade the Rally - TemperanceIn this trade I show you a way to fade a rally into resistance at the Daily Pivot Range low. Then take profits as it retraces back to support. This turned out to be a Temperance trade in which we work the channel for small gains on short term scalp trades.
USDJPY LONG similar scenario presenting itself here with ujsdjpy, patience and proper risk management will be key to catching these big moves.
price has pulled back to 61.8 Weekly Fibonacci at 106.0 is where I will be marking my low for it. if this level holds I will be holding longs with target of 111.00
keep in mind that I am watching all my other indicators to lign up before executing trade. DXY should be the leading indicator for us this week.
USDJPY Still A Good Buy
You can still get into OANDA:USDJPY for a buy to use as a scalping or intraday move. The price is almost at resistance that will potential be a sell soon. I would take profit for 10-40 pips for those who are trading from Asian session to London session.
Buy to 107.70Price pulled back to short term trendline and rejected
Expecting a further move upward to resistance to continue on the upward trend
Buying to 107.78Price bounced off the trendline strongly on the 4h chart.
Expecting a continuation higher to next resistance level of 107.78 on the daily chart
Is the trade war back on?
China has retaliated and applied tariffs on 106 US imports (25% tariffs on US Soybeans). This will cause further uncertainty not only to US but the global growth, especially economics with greater dependency on trade. In this scenario, we are likely to see weaker USD with an increased appetite for reserve currencies (JPY).
USDJPYPerfect example of Gartley Harmonic here. PRZ box indicates AB=CD, 0.786 XA and 1.414 BC.
Follows on from:
What if the FOMC disappointsIts the FOMC afterall, rate decision could be priced in, only 3 and not 4 times this year, conservative first press conference from Powell
All these could be factors which would cause the FOMC to disappoint, and in this scenario, drive the USD lower
This would make the USDJPY a potential setup as price gets trapped in the 106.50 and 105.50 range
we'll have to wait and see
Happy Pi Day, Is it time for USD strength in the USDJPY
Tonight we have US retail sales data to be released, with analysts forecasting strong data of 0.3% from last month’s -0.3%. If data comes out as expected or higher, we could see the beginning of some USD strength. However, even with USD strength, I’ll only look for trades with USD strength in USDJPY (bouncing off 106.50) or AUDUSD (buoyed by positive CNY data).
USDJPY Bearish channelUSDJPY finding new resistance at 107, bearish channel retested twice on upper and lower channel.
Expecting USDJPY to break 105 level, or trend break if current price breaks 107.
USDJPY for possibility of it retesting With no notable economic data to be released later today, I’ll be looking at the USDJPY for possibility of it retesting the 105.80 and 105.30 support level. This is in addition to the current commentary coming from the BoJ regarding the actions to be taken to reach their target of 2% CPI.
S&D Novice Trader / Looking for long entriesHello,
I am learning the S&D methodology so please do not trade blindly off of my analysis.
Zones are on the charts.
OANDA:USDJPY
USDJPY above 107Could 107 be the barrier, once broken will bring about 108 and 109 for the USDJPY.
Whilst volatility is seen in the USD, it is also slowly gaining strength.
Although the BoJ seems to be moving away from its aggressive stimulus plan, forgoing a 2% inflation target, the Yen seems to be bought only on risk-off situations (reserve assets are bought).
Therefore, if the current market conditions maintain, we could see the USDJPY move above 107 and beyond.
Long-term bearish outlook on the Yen.We can see that USDJPY is currently breaking down from its right shoulder on a big monthly Head and Shoulders pattern. The green support lines and purple trend lines could be areas that this pair could fall to over the next year.
Shorting to 108Rejection at 50% FIB Retracement rejection
Daily Support line is 108 - as target
1:2 Risk Reward
USD/JPY - Thursday news releases a pivotal moment for the USDUSD/JPY - Thursday will be a key day for the U.S. Dollar. Major economic news being released throughout this week that could cause a reversal in the USD's recent downtrend. If people like what they hear and we break through the ICH cloud resistance we can expect a trend reversal with a short term target @ $111.00 . if we see it bounce off that ICH cloud res. however, expect the USD to continue bleeding out down to it's next support level @ $108.4
USDJPY nearing supportUSDJPY has repeated history since early May. With the continuous downtrend and uptrends, what is expected is another bullish movement very soon. If the support line is broken there is a possible chance of USDJPY continuing a bearish trend, although, with the ideas surrounding the DXY bearish trend continuing I believe the bullish trend will come into action.
