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Uj

UJ long termUsdjpy is currently in a consolidation phase following the tremendous uptrend that brought it to the 20 year high of 131.38. In the early months of 2002 it reached the 135.00 landmark which is the next resistance should the consolidation be broken towards the upside. Should that be broken too the all time high of 147 would be the next and last resistance. The BOJ Kuroda did mention that the 130.00 landmark was the line in the sand however that has not changed anything in the price action as the interest rates are still the same. The current range is between 131.38 and 127.00. What do you guys think will happen with the japanese yen?
by mojh94
2
USDJPY 4hour Analysis May 8th, 2022USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are no doubt bullish on UJ and in fact overextended on the higher timeframes. Going into this week I will not accept any scenario unless we get structure first. Ideally, price action pullsback to 127.700 & our 38.2% fib level and forms structure. From here we will look to enter long on a strong reversal + bullish setups. Trade scenario 2: If we are to consider UJ for short opportunities we need to see a lower high below 127.700.
by ForexLeague
USDJPY 4hour Analysis May 1st, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We’re starting to see things a bit more clearly on UJ. We are still very bullish and are due for a pullback. Keep in mind, on the higher timeframes we’re overextended but the 4hour timeframe is looking clear for now. The most likely scenario at the moment is that price action continues to be bullish and we see 4hour structure form near 127.700 in the form of a higher low. Trade scenario 2: For us to start considering short opportunities we need to see a lower high below 127.700 with strong bearish setups to enter on.
Long
by ForexLeague
USDJPY 4hour Analysis April 17th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking strongly bullish here on UJ and price action has not shown signs of slowing down yet. The likely scenario is that price action continues in this 4hour channel and moves higher. Be cautious entering long as we are over extended on the daily timeframe. Trade scenario 2: For us to consider UJ bearish we would need to see a break of this bullish channel. Look for a break below 125.700 first, we want to see price action test 125.000 as this is our key zone. How price action reacts at 125.000 will determine where we look for trades next. I personally would not consider short positions until I can spot a lower high below 125.000
Long
by ForexLeague
USDJPY 4hour Analysis April 10th, 2022USDJPY Neutal Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We have been very bullish here on UJ and it is not showing signs of reversal yet although we are near a major supply zone around 125.000. It would make a lot of sense if price action reverses here and we will be waiting for a break of the most recent lower high if it does. Once we see that 4hour lower high we can consider short entries and target lower toward 121.250 support. Trade scenario 2: If price action breaks through 125.000 resistance look for higher lows above as it is likely price action will rally into our -27% fib level around 128.000.
by ForexLeague
USDJPY Daily Analysis April 3rd, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Every timeframe on UJ is looking very bullish but also pretty steep. We have to be careful when scoping trades. Ideally we continue bullish and spot some strong bullish confirmations right in this area. Look to target higher toward 125.000 resistance. Trade scenario 2: For us to really see UJ as bearish we need to see a break of support around 121.250 followed by 120.000
Long
by ForexLeague
USDJPY Daily Analysis March 27th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Nothing on this pair suggests bearish movement although we are due for some. We can clearly see how over extended UJ and we know we need to see structure before we can enter a trade. Ideally we see structure form close to 120.000 support with a confirmed higher low. Look to target higher toward key resistance levels if this happens. Trade scenario 2: For us to consider UJ bearish we would need to see a break of 120.000 support with a lower high below. Look to enter short on lower highs only.
by ForexLeague
USD/JPY Technical analyses 20th March 2022USDJPY bullish Trends: 1W: Bullish 1D: Bullish 4H: Bullish Trade case 1: This week UJ is low on the list for expected setups due to the extreme surge of volume we’ve been seeing. We simply have no structure whatsoever. The best thing we can do is wait for price action to retrace instead of trying to buy into this rally. Ideally, price action pulls back to form structure. Technically we could see price action fall as low as our 78.60% fib level and still remain bullish structure on this daily timeframe. Look to take long scenarios off-key fib levels and target back toward 120.000 resistance. Trade scenario 2: The only other scenario that could take place and make sense would be… price action continues rallying and actually breaks through 120.000 resistance IF this happens we still need to see a structure of some kind so look for higher lows above 120.000 that line up with key fib levels. When you see a high surge of volume on a currency pair or any asset your trade opportunities greatly diminish. The market needs time to resume more normal movement. Waiting is often the only option.
by Forex_Mate
USDJPY Daily Analysis March 20th, 2022USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: This week UJ is low on the list for expected setups due to the extreme surge of volume we’ve been seeing. We simply have no structure whatsoever. The best thing we can do is wait for price action to retrace instead of trying to buy into this rally. Ideally, price action pulls back to form structure. Technically we could see price action fall as low as our 78.60% fib level and still remain bullish structure on this daily timeframe. Look to take long scenarios off key fib levels and target back toward 120.000 resistance. Trade scenario 2: The only other scenario that could take place and make sense would be… price action continues rallying and actually breaks through 120.000 resistance IF this happens we still need to see structure of some kind so look for higher lows above 120.000 that line up with key fib levels. When you see a high surge of volume on a currency pair or any asset your trade opportunities greatly diminish. The market needs time to resume more normal movement. Waiting is often the only option.
by ForexLeague