Usd-jpy-long
USD/JPY Long Hi All ,
Last week i closed 50% of my position on this pair to bank some £££ . Now i will be waiting on a pullback to join the trend . Please if you haven't already joined me from my first analysis on this pair , the pull back will be an opportunity for you to join the trend. Looking to join from previous support & structure.
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USDJPY creating an inverted H&S pattern? UJ seems that is respecting the little trend line, but I think it will break soon. I am seeing a nice inverted head and shoulder pattern to continue long.
We will be looking for long entries on monday on the right should which is also located in the 38.2% of Fibo.
Let me know your comments about this pair.
Usd Jpy Long SetupI feel that the USD should trade higher. With a ton of momentum to broken previous two days of price highs, I feel that the pair should do the same thing again to target around the 109.20 Area. With this in mind, I drew a fibbonachi tool to derive a setup for a buy order. I would imagine price will reach here within the London or New York session, preferably New York. Please see the chart for more detail.
USD-JPY 4H Limited Upside. Hi everyone.
So looking at 4H chart, we have found a support at 61.8 FIB from daily chart, and 50 fib from 4H chart, which indicate that we may have posibbly an upside move to 113.450-113.600 (double 78.6 FIB 4h/1D) from where we should be heading down to 61.8 FIB from weekly chart which is around 111.100 so there is 23.6 FIB from daily at 111.06 . (We may see a bounce back at around 111.600 as there is important 38.2 FIB from daily, don't forget about that).
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
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