USD has bad news for the economyWell, in this technical analysis, USD/JPY has bad news for economy, I have bad speculate news, also, lets me see in the previously analysis, it's may be a manipulation of institutionals. So, in the simple technical analysis, I see that USD/JPY need to re-entry in short position that need to reach at 0.382% of 0.618% of Fibonacci to entry in short in that zone mentioned and keep my short in longer. So the proyection is big to pick up pips.\
Remember that we are in the ascendent channel bullish, and could be to continue in that range of this channel. Also, the only we need in H1 timeframe is to validated my Fibonacci zone entry in short.
Now, the news are that publish in investing.com, I have a news that Dollar won't help emerging currencies, so, this it's say Barclays. The emerging market currencies will see little reprieve over time even as the reopening global economy eases investor fears and the U.S. Dollar weakens, according to strategist at Barkclays say too.
So, guys, this mean that US Dollar it's going to worthless her value and devaluate, so, the refuge assets as JPY, CHF, XAU and BTC it's can give us a movement bullish in this week. So, this is so what happen in the world. Currencies are devaluated and we enter in the conflicts.
Short-usdjpy
Sell UsdJpy, Distribution PhaseUsdjpy has basically been Ranging at the top of an uptrend in between 107.890 and 107.400 indicating that price is in a Distribution phase and we can probably expect some Usd weakness or even a complete reversal. As of last week, we saw a break of this range and an immediate break back in retesting the top of the range acting as resistance. I am personally looking for shorting opportunities ultimately targeting the bottom of the range @ 107.400 however there are a few levels of interest along the way (107.600). For now my focus is on getting a valid entry on a lower time frame, patiently waiting for price to retrace deeper into resistance for the best possible risk to reward.
USD/JPY updates!!!In the Asia market session, we have a maniulation zone of there same zone. So, guys, Forex was manipulated, and specially in this pars very negotiate. Well, in M30 timeframe, I'm going to make a little updates of this par, because there are an interesting movement down of the price and can be arrive at the same zone of 107.40. so, this is very important to me to make a analysis. And so, in MACD is show us a sell signal, so, we need to see why so this happen this all manipulation for institutionals to hunters all Stop Loss of Forex traders. So, beware of this manipulation.
Also, I make a put an anohter lots to sell of 0.01, it's yet 0.02 lots what I sell in USD/JPY.
USD/JPY doesn't have force to continue up!!!In this technical analysis, I see that USD/JPY has not force to continue if you see the price action and also the RSI. Also, USD/JPY it's can be a possible into a descendent triangle and also a bearish chartist pattern, this is a not good signal for USD while the bad news in the economy About the US-China intentions and disasterfor escalating after protest in Hong Kong yesterday. So, in summary, I put a order limit to a sell at 107.71 with operate with 0.01 lots in trading view.
Also, I want to share you my all news what I find out in Investing.com in the morning was I read it. The most intentions for me this is message what it's published in investing.com that say: "US-China tensions escalated after chinese foreign minister Wang Yi said overnight yesterday that the US is in risked for a new cold war say he. And president Trump threatened strong action should the law be emacted, and US commerce department added 33 chinese companies and institutions to a blacklist on Friday in the past week, and senators are proposed to enforcing the US laws.
Guys, this is very bad for USD, not good!!!
USDJPY USDJPY SHORT
+ Rejecting the trendline
+ Rejecting from the wick box
+ Bearish divergence on the way
When the red box wil break out and find support on the crooked stip trendline, long to the trendline above and short from there if rejection finds place.
Higher timeframes we are short.
1ST TP: 109.90
2ND TP: Supportline of ascending triangle
Cheers.
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USDJPY short (Supply Demand)Hello Traders !
Nice moves on USDJPY.
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- Darius.
USD/JPY ShortWatching to see how the double top plays out, will potentially look to short around this area, depending on how we get there, with the bottom ray line as a clear profit target.
I will be waiting to see more price action, but it's looking that we will be starting to create a larger channel as we move towards this value area.