USD JPY- A VERY LONG CHANNEL, WHEN WILL IT END?USDJPY, Ever since the extremely large drop on mist fx pairs, USDJPY has pretty much just been travelling in an ascending channel with a few false breakouts here and there.Price is at the . bottom of the channel now and has made a higher high (broken resistance, indicating a movement to the top of the channel again
Usdjpy1hr
USDJPY THE TRADE YOU DO NOT WANT TO MISS!USD JPY , is about to explode for one of the directions! We can see that we are consolidating around 109.831-110.00.
At this moment a clean break of the trend line will take us to 110.350 or even 110.600.
However a daily break of 109.70 can take us to the lows of 109.050.
This is a trade that you do not want to miss!
All of the best
Trading Protection
USD/JPY - Possible short!After hitting the Resistance level of 113,650 a few times without a good breakout we could see a drop to the first Support level of 113,200. If that level won't hold we could see a further drop to around 112,600. Our last target is 112,275.
Entry: 113,625
TP1: 113,200
TP2: 112,600
TP3: 112,275
Goodluck and follow me for more analysis!
Liquidity Liquidity LiquidityIs USDJPY diving back down to 112.600 area to grab some liquidity, only to return back North again/ Looking left at the chart on a 4hr this can be seen many times. Busy day today & tomorrow fundamental wise, let's see if this 112.600 holds, could be a possibility of a break down to 112.450 for a stop hunt before positive news takes affect...
USDJPY intraday Short setupUSDJPY been a nice mover from past few sessions, price action is struggling at the moment, momentum is weakening across short term time frames as well, so i am looking for short setups here, not expecting much pips but still there is scope for 30-40 pips.
Trade Safe!
Thanks for your support.
USDJPY: Possible Bullish Gartley Pattern Formation (Sell D Leg)Possible bullish Gartley pattern forming on the hourly chart with the below confirmations:
AB - 61.8 fibonacci retracement of xa
BC - 78.6 fibonacci retracement of ab
CD - pending 127.2 fibonacci extension of ab
Sell completion of d leg with targets at prior pivot bottoms.
USDJPY - BEARISH SETUPHi traders, USDJPY is still Bearish . Don't miss this short. It has a huge potential.
As per my analysis, price action shall further move up to the below targets.
Entry: 110.342 (or) Entry @ CMP
Take Profit: 109.733
Stop Loss: 110.613
Risk Vs Reward Ratio: 2.25
Go short the USDJPY ; Good Luck
USDJPY Bounced Perfectly, Remain Bullish For A Further RiseUSDJPY bounced perfectly above our buying level as expected and looks poised to rise further in this bullish channel.
Buy above 109.98. Stop loss at 109.61. Take profit at 110.86.
Reason for the trading strategy (technically):
Price has made a pullback to our buying level and bounced off perfectly as it continues its way towards our profit target. Our major support buying level is at 109.98 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we remain bullish above this level for price to rise to 110.86 resistance (Major 61.8% Fibonacci retracement).
RSI (89) has made a pullback to our RSI and bounced off perfectly too.