Usdjpy1hr
USDJPY 1H FORECAST (BREAKOUT)USDJPY has just broken down from it's uptrend and now looking to test S1.
We expect price to go further and test the 200MA, before it breaks and we see further downside towards S2, which is the long-term TP.
You can enter a short-term or a long-term play, and use the support levels as confirmations and SL points.
Bearish Breakout 1hr,2hr,4hrBlue trend line = 1 hour
Red trend line = 2 hour
Green trend line = 4 hour
Multiple breakouts with indication of going down.
UJ 9 hours Resistance ShortOver the past week I have noticed a strong resistance in the 104.3-104.5 area. A support in the 102.8 area. Today 2 different breakouts happened with a very good retest. I also did Fibs retracement and it shows that it has been consolidating at the 0.50 but now it is starting to pull away. I do not have any other indication that this will be bearish please comment below if you have anything else you would like to add that I miss.
Also take profit at 103.45 area.
Resistance hit on the 0.886 FibsDrew my fibs and I noticed that it hit the 0.886 levels and bounced off. Also those levels are by the resistance line which is in red. This indicates a stronger reason on why it will be shorting.
Bullish trend for now.As the hours came down to end this week. There was a hammer that bounced off the 0 using Fibonacci. First indicator is the hammer which means change in direction with leading towards bullish. 2nd sign is my bottom trend line which shows that everything is trending bullish for now. 3rd sign is the hammer candle hit the 0 on the fibs which will shoot it up. I would recommend to buy and then take profit at 104.46. At the 104.46 level I would wait for further confirmation. If it passes my trend line and retests above it then I will buy, but if breaks out bearish it could take it down to the 102.8 levels.
Usdjpy short Last week bears were able to hold price under 101 support level while testing 99 level. With 3 touches into what i believe is a support zone we should see a rectracement into the 38.2, bears were able to hold and retrace all levels on fib which signals to me more that this is bearish (also seeing lower lows), we should see price falling to 95 support with a retracement to 105(major resistance).
USDJPY 110 next stop - 16th August 2016 - live in the room #2Traders
please see previous usdjpy signals to understand how well we have been trading this pair... it has finished the leg down to 99.5 before moving up to 110... we played the leg down, now time to enjoy the train north.
all eyes on the BOJ for intervention, and September looks like it is still very much in hiking mode.
congratulations to those who caught it in my chat earlier, idea is up late again with eurusd as up to my eyeballs with clients.
All the best guys and GL
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usdjpy 3rd short ideausdjpy continues to move downwards and it is clear to see bears have control. bulls failed once again to break the last high and we continue to make lower lows. should price continue on there is a high chance for a 3rd entry point before our final fall.(see other trades)
usdjpy retrace before drop? With 100-101 level being a very strong support from 1992, 2004-2005 , there is a very likely chance we could see a retraacement to the 101 level before reaching the next support at 95.000 area. if so there is very likely possibility to get in on a short at the 101 level. (see other trades for short idea)
USDJPY - BOJ ChessHappy Weekend Traders
Market managed to break below 101.50 earlier this week where we advised that below this level more drop may hit market toward 99.00-50 zone, as we see over the char market facing resistance at 102.00 and 102.85 where as long as market holding below one of those level more drop will be expected toward 99.00-50 zone
Above 102.85 market may sustain advance toward 104.00 level so keep your eyes on this, as well as the $DXY (attached)
GL and expect some nice movement in the pair before the leg up to 110.00 EoY
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USDJPY Shorts to 104.xxLovely time to get short on this pair, yen helicopter money ruled out and the buildup ahead of FOMC this week will both aid in this cocktail of strength for yen pairs.
All eyes on BOJ towards the end of this week with their interest rate decision.
Thank you for all the kind comments, I am humbled by your response - Please support with a like and comment!
Trade this one with care, and GL!
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Multi timeframe analysis on YEN vs USDhere is my take on this pair on 3 different time frames :
Monthly :
We hit a major trend line dating back to 2002. Considering this pair has been a bull since 2012. what we see here is basically a pull back that took place from 1/7/15 till today. if by any chance we break the trend line, then this pair shall be officially bearish and may go back to 2012 low''s. We also just got out of RSI oversold position. I doubt we are going to visit it again. my take is bullish unless we break the trend line.
Daily :
We have a small trend line break out, which is already broken in 4hr time frame and a bigger trend line which am expecting the price go to. Based on the analysis on the monthly, we should break the bigger bigger trend line too. but till we reach there I will remain bullish and watch for price action. We are also just getting out of oversold RSI territory and MACD shows bullish signs.
4hr : Minor trend line is broken, expecting a small pull back and movement to the upside at least to 107.450
This is just a analysis and my take on this pair, please do your own research before taking any positions or even considering to do so.
USDJPY to go down?Here is USDJPY that will most likely go down as low as 101.8XX
Enjoy taking care of that :)
USD/JPY Long UpdateAn update to an earlier published idea, the market moved like i thought, if you got in your good on this for maybe another day
USD/JPY Long & Short IdeasPrice hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and re-enter on a "Short" until you see the retracement to enter "Long" If price breaks the support line going down continue on the "Short" trade
USDJPY - Short with carefullyTF DAY It is in the C-wave state. and likely flag pattern please trade with carefully
Target = 105-106
Stop in 1H
Run in 4H
End of week it is break out, maybe watch for open market for sure.
