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Uj

How to make quick 40 pips in USDJPYSince the FED last week went from an ultra hawkish stance to a more data dependant one it is clear that US data will now become even more important and volatile for USD pairs and also for the whole market. And thats great news! It means we can now extract pips from the market every time there are important US news like for example the ISM manufacturing data today. If you want to participate you can enter to my group trough the link in my bio. For the ISM report yesterday it was really easy to get 30-40 pips out of USDJPY: 1. The ISM came better than expected with 52.7 vs. 52.1 consensus. -> go long USDJPY immediately 2. Algos drove USDJPY higher for 40 pips 3. Take profit immediately when the first impulse of the move weakens. 4. Market participants realize that the most important subcomponent of the ISM, -> prices paid <- , came much lower than expected (60.0 vs 75.0 consensus) 5. USDJPY falls all the way back again I made easy peasy 40 pips and so can you next time.
Long
by PrimeTrading
USDJPY 4hour Analysis July 31st, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking newly bearish on UJ and it does not look like it is slowing down. Ideally this week we see strong bearish setups rejecting our 134.000 zone. Look to target lower toward 131.000 Trade scenario 2: For us to consider UJ bullish we need to see a break back above 134.500 with a higher low above. Look to target higher toward 136.500 if this happens.
Short
by ForexLeague
USDJPY 4hour Analysis July 25th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall UJ has been very bullish on higherframes but as of last week the 4hour timeframe is looking more bearish. To move forward with setups we’re looking for a lower high to form below 136.500 and then we can target lower toward 134.500 area. Trade scenario 2: For us to see UJ as more bullish again we would need to see higher lows above 136.500 with strong bullish setups.
Short
by ForexLeague
USDJPY 4hour Analysis July 10th, 2022USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: UJ is still extremely bullish on the higher timeframes but we can see that price action has been forming a range recently. The most likely is that scenario is that the range will continue to form and price action will reverse short term around 136.600 Trade scenario 2: For us to continue bullish we would need to see a bullish break of the range with a 4hour higher low above 136.600 Keep in mind this is a high risk pair at the moment due to unsustainable rallying & lack of higher timeframe structure.
by ForexLeague