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Longusdjpy

USD/ JPY !! continue to increase the price trendline⭐️ Smart investment, Strong finance ⭐️ USD/ JPY INFORMATION: During the Asian session on Thursday, the Japanese Yen (JPY) has gained ground against the American counterpart, breaking a three-day losing streak. It had previously reached its lowest level since November 28. The JPY's relative safe-haven status is being supported by a generally weaker risk tone and the subdued price action of the US Dollar (USD). However, the upside potential is limited due to expectations that the Bank of Japan (BoJ) will maintain its ultra-dovish stance in response to factors such as a recent earthquake in Japan, declining inflation rates in Tokyo, and weaker wage growth. ⭐️ Personal comments NOVA: The upward price trendline is still very nice, testrend to then have more BUY power ⭐️ SET UP USD/JPY PRICE: 🔥BUY zone:147.750 - 147.600 SL 147.100 TP1: 148.100 TP2: 148.400 TP3: 148.700 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Long
by Nova-Scalper
16
USD/JPY Potential Long Setup !Based on technical analysis, the 4-hour timeframe is currently showing a rejection of the Exponential Moving Average (EMA) and the first support level (S1) of the daily pivot points. These factors indicate a potential bullish trend reversal in the near future. However, before initiating a long position, it is important to observe whether the price will close above the daily pivot points. If it does, it would suggest a stronger upward momentum, thereby increasing the probability of a successful trade. Furthermore, the overall trend is currently bullish, indicating a potential continuation of the upward trend. It is important to note that technical analysis is not a guaranteed predictor of future price movements, and risk management strategies should be implemented to minimize potential losses. In conclusion, based on the rejection of the EMA and S1 daily pivot points in the 4-hour timeframe, combined with a bullish overall trend, setting a long position after the price closes above the daily pivot points may present a favorable trading opportunity. However, careful consideration of risk management is imperative.
Long
by Bobby-BCT
Unusual way to enter on a double Bottom (USDJPY)Hi Traders, I am currently watching USD/JPY for a potential Long Position. Now looking at standard price action, Price has created a Double bottom and went as far as breaking the neckline. The conventional way to enter this would be by entering once price has retested the neckline, which there is absolutely nothing wrong with. However, looking at the way price has moved right now I see a much better risk-to-reward ratio if price manages to break the minor resistance at 135.450. If price starts pushing hard to the point where this current H4 candle Flips bullish, I will be more than happy to take an impulsive entry with the momentum. Target is at 136.250 as we have a clean range on the left. Remain patient. Renaldo Philander.
Long
by Tradebudz
Expecting Bullish Move USDJPYI'm expecting a the US dollar to gain some strength this week, aganist the Japenese Yen. Looking for possible minor move to the upside followed by a retest, and then finally a huge move. Reasons for USD strength: 1.) The yen was very strong last week, and if you look at other currency pairs that traded against the yen, you would notice huge directional moves. 2.) If you look at the monthly timeframe you would notice that price has found support at this current level several times. 3.) the previous month showed a doji candle, hinting that maybe there are some exhaustion or indecision in the market and price may be ready to change directions. 4.) On the weekly timeframe, there is a double bottom candlestick formation. 5.) (refer to the daily chart) Price has currently found support at this current level, which previously acted as resistance. 6.) On the 4hr. price has been making Higher Lows and Lower highs, hinting that a breakout may be in the works. I'm not saying that this will definitely happen, this is my personal opinion. If you disagree or comment what you think. Like, Comment or Follow.
Long
by NoCeilingsTrading
6
Are we going to reach 110.000 ? = USD JPY Hello guys, im actually expecting a bullish move today for the USD JPY wich is very strong this Week ! we have a beautiful pull&back on the H1 chart ! Actually im waiting for a strong move if the price react to the "symetrical triangle" i hope it will go to the 110.000 minimum or reach the 1.618 fibo (110.558) For me no signal for a changing trend ! D1 chart show a nice bullish situation ! Hope everything will be ok :p Have a nice day and good trade !
Long
by BeginnerTrader93
1