Scenario USDJPYThe graph is just for fun, I lightly drew a possible scenario, but we will see how this situation turns out in the end, the price is currently hovering around the price level of 153.340, which corresponds to a little 0.618 from the last wave before the correction, if the price fails to hold, the correction may be considered sufficient and we can concentrate for shorts !
Usdjpy-price
Speculative Wave theory, Bullish-Pullback and Buy! USDJPY
Buying is the best in pullback , presently price is on the road of pull-back. HL- 106.9 nearby bottom of this pullback. The price can start to move new impulsive wave upward.
Waves picture on 4hrs chart TF:-
The (C) is target level after pullback at (B)
Don't Forget to FOLLOW and LIKES.
Last updated was:
USDJPY bullish power move is exhaustedI think the power move by the bulls is exhausted at the 107.04 resistance. Buyers cannot sustain their enthusiasm beyond that zone. If you are long, be looking out for signals that you should take profits.
This should not be taken as financial advice but based on my interpretation of the market.
Do you want to fill your Pocket...? use ALARM on USDJPY
Break-Down Alarm :106.967
Break-Up Alarm : 107.876
Let's think about this logically :-
A break out requires a surge of 1.5x volume than average volume.
Too much surged volume, would force prices higher/lower quickly, so great care is taken. Put the Alert point of price rotation.
The Price will go away too far from Price Rotatio n after the breakout.
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Remember => " After greed comes fear – again! "
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USDJPY Bullish price action and structural breakHi all,
I am currently looking on the daily USDJPY chart that have found support on 61,8 fib, have a bullish price action spike and looking for a structural break.
If the dollar keeps staying strong against EUR and GBP this would be a good potential upside with first TP at 1.618(121)
USDJPY REVISED PROJECTIONSHello traders,
After the BoJ fiasco I had to restate my assumptions and my long term bias on this pair.
It seems as though the BoJ wants to drive price below 100.00
before announcing massive QE programs to address their debt issues.
A strong yen will highly impact exports on the downside and they don't want that.
Even though I was anticipating this from much earlier that wont seem to happen in the near future.
As instead the bears will hunt USDJPY further down the road.
.
So it's very dangerous calling a reversal at this point and very risky indeed.
If you didn't go short on the initial move its highly recommended that you stay out of shorts either.
There are many supports in between and a lot of structure below this level.
My analysis shows certain prices to keep an eye on.
Don't use this information as a signal because the signal should be generated depending on
how the price behaves around those areas. Wait for PRZ to be tested. And act accordingly.
If you see price showing a complete disregard for these levels might as well follow the trend.
Trade safe, trade well.