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Forex-usdjpy

USDJPY remains under pressureUSD/JPY remains under pressure. Momentum readings and the Tension Indicator (not shown) continue to weaken, highlighting fresh downside risks in the coming weeks. A close below the 111.59 low of 7 February will confirm continuation of the December 2016 bear trend, with focus then turning to the 110.27 low of 22 November. Just lower is the 109.93 Fibonacci retracement, but any further slippage beneath here should stabilise towards the 107.85 retracement, as mixed background studies keep investors cautious. A close above the 115.00 break level is needed to stabilise price action. However, any immediate bounce is expected to remain capped beneath here, as short-term studies also follow weekly readings lower.
by Michael_Macdonald-XATSUK
2 POTENTIAL TRADE SETUPS ON USDJPYI wanted to share 2 potential trade setups here on USDJPY. The first being IF - price rallies from here up to the 113.20 (without breaking the 111.358 levle) we would have a bear gartley completion. The second being IF - the A point of the potential bear gartley is broken & price pushes lower to the 110.82's we would have a harmonic move, 127 fib ext, Along with a 786 fib retracement & the 111.000 handle a little higher. I would then wait for say a double bottom or a 2618 trade setup to get long. Just a thought.
by rozela99
USDJPY: The fight of central banks This is almost like an arbitrage. Why? We can expect FED to not raise the rate hike especially after the durable goods data release today was apparently not good putting pressure on the central bank to remain dovish. In addition the BREXIT effect is still in effect. Plus, tomorrow we have BOJ rate decision which we can expect them to remain either stable or cutting the rate even further which I believe is the latter due to a possible new stimulus package by the government. Even if they don't cut the rate US's rate is higher than the Japan's rate anyway giving an upside momentum to USD. If we look at the graph, we can see that the momentum is there; there was a strong uptrend in USDJPY before this and we can expect the movement to continue its prior momentum. If interest in learning about Thailand Stock Market. Please visit the following fb page and subcribe for alert and a weekly dose of analysis by our team. www.facebook.com
Long
by JamesInterstellarTrading
USDJPY. Strategic longPair USDJPY has sucessfully made my targets for 1-2-3-4-5 Wave count. This count obviously can be wrong but, for now, looks like it was done well. Little by little I´m starting to buy USD against JPY. The final targets are high, around 122-125 figures. Please notice the movement down can still be cntinued as 161% fibo level is below 100 figures! And no signs of intervention from BOJ. For now... I will place my Stop Loss at 99 figures So, first trade: 0.5 lots bought at 103.8, target 122 SL: 99 Trade with care! This is a very risky but, for me, worthy one!
Long
by captain_smollett
4