Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
In yen, we can see that wave B has reached the end and in wave c its 5 waves have been completed and we are forming wave abc according to the chart.
This purely technical analysis no fundamental. cheers
2 close supply zone , labelled 1 and 2. If seller managed to tip off supply and consume, and big seller managed to build up their position to sell, i am waiting for price action reaction at supply zone i.e. anomaly, bearish engulfing, shooting star, RSI divergence. DXY have been in bearish mode, yet USDJPY still climbing strong. Possible that big sharks...
just a possibility that am putting my eyes on it
We currently shorting this pair from this area and anticipate a further decline to 107.000 or beyong..since currently the chart indicates a double top formation and a break of 107.000 we anticipate a further decline down to 106.5 area. for out TP2
The pair USDJPY gave some important indication to reach our first target which is at 1.1300 whereas we have also seen slight bearish movement due to stochastic negativity but EMA50 and other important factors supporting our bullish bias and we believe our first awaited target will reach very soon
Looking good here about to reverse onto continuation zone again looking for small profits Nothing can be better than this dig of the usdjpy trade hoping to earn about 400 pips onto this Trade Safe
Short USDJPY after a long bullish move. For this retracement has to occurs soon, Stoch is also on over brought area so better to short
the current swing is very weak. so we prefer the short from the area in the chart. good luck