USD/JPY (22/1/18) *Potential Swing Up ahead first and ..We have no doubt is USDJPY is in the downtrend and I think it will continue to do so.
In the meanwhile, they may due for a nice rebound back after "sucking in lots of late short".
It can swing back up to whip those shorts out first before it eventually drips down lower.
I am slight Bear at the moment and I will rather stay patient before I decide to short.
Trade Safe
s0nic
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Forex-usdjpy
The American Eagle De-Appreciation Before The Appreciation The JPY has been moving quite heft and strong over the past weeks with the Nikkei 225 also doing re-tests so we've got some action happening in the JPY - The USD has been manipulated heavily throughout 2017 with the USD Appreciating more than de-appreciating, but it's come to a level of exhaustion right now and we can confirm that because the market retraced at a resistance, and also broke through a significant event area - A potential 50% Fibbo re-test from the lowest leg till the highest leg on the overall trend, so i'm going to presume that the USD could potentially drop to 110.500 before starting to appreciate in value again.
USDJPY Long to 116.00 ? Potential sell trap ? It looks like we may be looking at a potential continuation of the bullish run on this pair as it looks as though the price dip around 113.00 just so happened to be a sell trap. However another break below 113.50 will be confirmation of further bearish movement. For early entries now would be a good opportunity to jump in (114.05) however a break above the resistance area of 114.40 will be confirmation of further bullish movement.
USD/JPY (1/11/17) *UP to +320 pips potential trade set upPreviously, USD/JPY was riding well the pullback of USD.
Since I am expecting USD to turn back weaker and JPY to strength, this pair becomes a good contender for a short entry.
It is now near a nice tripple top. It may swing up more first, just to slide back down. That scenario is highly possible.
If the trade goes as per plan. it can swing back to 111.27 level and we can potential net up to +320 pips.
Let's see
S0nic
USDJPY LongHey Guys, We are keeping our bias bullish for UJ over the next few weeks and have identified a potential area where this chart may find a higher low structure level at 113.200. This is based on a support and resistance level which has been tested on both sides and a previous higher high point. We have a target of 114.778 and a stop loss at 112.900 giving us a very good risk reward of 5.26/1.
Will we get a breakout today?Hey guys!
Just spotted this today and I want to see what your thoughts are on this USDJPY H1 triangle break.
Are you keeping an eye on this?
We think you should!
We have the recommend long or short depending on what this pair wants to do in the next few hours. We will keep you up-to-date on this as the day goes.
This may be a good trade to take at the beginning of next week but we will have to wait and see.
Let us know what you see!
Thanks,
-Team/ Trading Strategy Guides
USDJPY in traingleIt looks like USDJPY is closed in traingle. After the break out downwards price was stagnated in the next lower consolidation in triangle. We are keeping our sell expecting to price will go down. If price will break out upwards we will close our sell trade. We must also watch out for false breakouts.
USDJPY SELLUSDJPY break out down of range where price stayed since end of semptember. As we told earlier, this should be correction of previous growth and price should go to support zone at 110.60-111.00. Aggresive traders could sell with a small stop loss. Conservative trades could wait for a pullback to the broken zone.
USDJPY expecting correctionUSDJPY is growing from the begining of september without larger correction. In the last days growth rate has decreased and USDJPY stay in local range 112.20-113.20. Today price break out up but it fast back to the range and now price drawing pinbar. All looks like price finally will breakout down, will make correction to support zone 110.70-111.00 and than will go to the resistance level at 114.30.