Uj
USDJPY 4hour Analysis March 6th, 2022USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Ranging
Trade scenario 1: Overall UJ is bullish on the major timeframes, however, we can see that we have high volume ranging on the 4hour.
Current price action is looking to break the range bearishly so we are looking for lower highs below 115.000 which is the key zone here.
Trade scenario 2: If UJ continues to range we should price action turn bullish with reactions off of 115.000
USDJPY 4hour Analysis February 27th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Back to bullish! UJ is shaping up nicely here with a clear 4hour bullish transition.
Currently, price action is resting near 115.350 support and we’re waiting for either another higher low with strong bullish setups or some consolidation with later conviction candles to enter long on.
Trade scenario 2: For us to consider UJ bearish we first would need to see a break of 115.000 support with a lower high below.
USDJPY 4hour Analysis February 20th, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Price action is looking newly bearish here on UJ and is currently resting at support near 115.000.
The most likely scenario is that we will see support break with price action forming a lower high below. Look to target lower toward key support levels.
Trade scenario 2: For us to consider UJ bullish again we ideally want to see a break of a prior lower high so for us that means we need to see a higher low above 115.350.
USDJPY | Double Top ?USDJPY has formed a double top formation on daily time frame. This pattern usually brings bear to the party. The only support currently is the rising trendline. Once this trendline is taken out the bears will enjoy the show.
Alternatively, bulls can break the top and push bears a step behind. Watchout level for bulls in 116.350
Trade your levels accordingly.
USD/JPY (An opportunity during distress?) View On USD/JPY (28 Jan 2022)
In the current market condition, I am expecting UJ could be the clear winner
There can be alot more UPside on this pair.
Let's see,
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USDJPY 4hour Analysis February 6th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking very bullish here on UJ and it seems to be setting up nicely for a long opportunity. We need to see a higher low above our 115.000 level before we enter a position.
Trade scenario 2: For us to consider UJ bearish would need to see price action fall back below 115.000 and form a lower high below.
USDJPY SHORT What do we see for UJ?
obviously what goes up must come down and right now i see a potential bearish correction on higher time frames
followed by:
bos ( break of structure )
botl ( break of trend line )
lower high and lower lows ( 1h & 4h )
bearish engulfing followed by bullish exhaustion
How will i take this trade? :
wait for a bullish correction on the 1h time frame followed by price action or conformation candle based on 1h
USDJPY 4hour Analysis January 30th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are finally looking good here on UJ. Price action is close to forming a buy opportunity if we can confirm a higher low above 115.000.
Trade scenario 2: If price action fails to push higher, look for a break below 115.000 with a lower high below.
Possible Reversal in Sight for USDJPYLiquidity is all around you.
Price is coming into a strong support area. If the bottom isn't already in, then maybe it taps once more
into the downside target zone before reversing up. There are 3 immediate targets. The first has the highest chance of keeping UJ bearish. If it turns over there at Target 1 after making a new low on M15, then this idea could be scrapped.
But i like my chances for a good bounce here.
USDJPY 4hour Analysis January 23rd, 2022USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking very bearish here on USDJPY and price action has broken back into a range so our opportunity is very limited.
Ideally we see rejection from our new resistance near 114.150 followed by a confirming lower high.
Trade scenario 2: For us to start considering UJ bullish again we need to see a higher low above 114.150.
USDJPY 4hour Analysis January 16th, 2021USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Looking very bearish here on the 4hour timeframe while the higher timeframes remain overall bullish.
Price action is in a tricky area because we have re-entered a known range and the trend now becomes less clear.
The most likely scenario is that price action finds resistance around 114.150 and falls back into the range.
Trade scenario 2: For us to consider UJ bullish we would first need to see a higher low above 114.150 resistance.
watch for UJ sell next weekWe can see the uptrend from the previous has now been broken. The US dollar did have hard news last week while Japan had some great news on their end. The buyers will come in on Sunday and see if they can get ahead again but it looks like its in a retrace and the bears should start to take charge. If this is in a bearish direction. The first TP would be 113.110 as that is when price will start to retrace again.
Let me know what you think will happen this week.