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Uj

USDJPY - WEEKLY OUTLOOKOur educational entry for the week! LEAVE A COMMENT ON YOUR ENTRY AND GAIN. ill be seeing who takes the best entry and % off this! UJ has been trading tight recently, forming a strange ascending triangular formation with the Eliot Wave impulse's marked up. We believe the bottom trendline and magic 3rd touch will mark the end of the 4th wave and ready itself for the next push up to form the 5th. Break of previous highs confirm bullish bias. Break of channel and fib level confirms bearish.
by RealistFX
Hold on the Buys in UJWe might be led to think that since price has been in a continued downtrend since March around where the recovery from the covid crash happened. In the beginning the recovery gave the look that we might be headed for higher highs on the long term but given the depth of this market correction I would not be surprise would this result to be only a building block on a huge trend lower that lies ahead. I will wait for price to come back to my trend line and look to sell afterwards.
Short
by HydraFinance
UJ buy back 106.850 by WED JUL29 then DROP back to 105.8 JUL31huge sell off pressure for UJ last week. Saw some GREAT strides by the YEN to surpass that 93.7 level on JXY. Jump to 94.6 makes it overbought ATM hence why I like UJ to buy back up to the 106.85 levels DXY also hit my 94.64 COVID breakout level and is striving to retest such if not 95.20ish. These are my 2 confirmations as well as an end of the month buy push by DXY to create some trust in market sentiment. news Thursday (Unemployment) for JPY news Friday (Consumer Confidence) for JPY I believe this will be a early week move then a redrop back to 105.8 by JULY 31
Long
by chestephens1
USDJPY Weekly Forecast for 27th-31st July 2020Key levels for this week - 106.70 105.10 104.75 - Going into this week looking for bearish continuation - Any pullbacks towards key level will be used for new entries Weekly forecast/Sunday analysis highlights the overall market trend with key levels to get an idea of the best targets in the upcoming week(s)! Projection of the market with technical analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown! Every week Includes analysis for CRUDE OIL / XTIUSD GOLD SPOT/ XAUUSD Us dollar index / DXY USDJPY EURUSD GBPUSD AUDUSD NZDUSD USDCAD BTCUSD AND MANY MORE - Entries taken on markets with the best opportunities. Only low risk high reward setups with minimal drawdown!
by kieranchow