After such a big drop we need a correction before continuation of our down trend. Therefor I believe we gonna see that correction now. I'll hold my position with a really tight SL for now. First target is the S zone and 38.2 fib if we see a break I'll focus on our second target at 61.8 fib.
Hey Guys, We are keeping our bias bullish for UJ over the next few weeks and have identified a potential area where this chart may find a higher low structure level at 113.200. This is based on a support and resistance level which has been tested on both sides and a previous higher high point. We have a target of 114.778 and a stop loss at 112.900 giving us a very...
One of the time cycles of Gann's theory was the ending of a 270 day cycle for USDJPY and EURUSD. What this means is that there is a higher than normal probability of a 90 day countertrend. This countertrend will end the year. USDJPY should move up consistently from now until at least Dec. 22nd. We also have some extremely bullish signs based on time and price...
I know many of you are watching UJ when trading gold... There's a very important pattern developing on the UJ UJ chart. After a 7 months consolidation ( downtrend in a down channel) we had a character change. Price didn't turn down immediately in a V shaped form as did before. It sticked to the trendline an started to crawl along it. I think the Bank Of Japan...
Yesterday USDJPY daily candle close as BULLISH REJECTION CANDLE off the WEEKLY range support. Confluences - Bullish rejection signal on daily - Breakout and retest of H4 CTL Potential bullish to the range top. However, good target zone will be the mid zone of the range.
Simple little trade. Safe bet for me. -JoshFX1 for the DXY chart
All to do with USDollars - lots going on and all pressure on Dollar looks positive as numerous news weighing in. We cash out on the south run as TP hit, and we re-instate long position with TP @ 114.931
USDJPY has been falling since last December. I anticipate that the correction wave will end at 107.300-106.040 area. Around 107.300-200 is particularly important support. After the correction wave, I think that a rising wave will continue.
Fundamentally, looking at global equities, data from the US, Fedspeak and Yellen's comments, USD should be trading much higher. Why isn't it? 1) JPY-positive flows before the end of the Japanese fiscal year 2) 'Uncertainty' of the Trump administration 3) Profit taking at 115.00 - including option defending and strong sell interest However, I view this as...
2 scenarios: 1. a big bearish candle will be printed next week, Short 2. Markt goes above resistance,Long
USDJPY weekly analysis 17 october 2016, long position . Long position : 102.03 Stop loss : 100.66 (137 pips) Take profit : 106.45 (442pips) R/r Ratio = 1 : 3.22
USDJPY has been in south range scenario over the most recent couple of months as it struggled with going underneath the equality level ( parity level:) The USDJPY has pushed above trend line resistance just yesterday @ 102.0 level which equals to more bullish possibility. Hang on tight 'cos higher we go!
Continuation : UJ did not break the 110. 7 height & took Us short - now the second attempt reversal to break the 110.7 is now cooked & ready for shop from 109.169 - I yelled this morning saying : Let's go back up!! :) FX is so much fun Enjoy!
It's a Fantabulous Friday for UJ - taking it to the next level - here comes 111 ;) (111 will should hit within the next 2 hours. Happy weekend y'all