USDJPY is in an intraday uptrend again. The overall trend is bullish however I believe that this is a re-test of the former high and based on how price is approaching the resistance it doesn't signal much bullish strength anymore. Price is currently at a high of an untested zone, the all time high and a Daily evening star pattern.
Technical Analysis Summary USDJPY TREND ANALYSIS We have 1 Uptrend in green color Internal Trend (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR...
USDJPY has already tested support at 4h time frame, so now it's a possible bullish reversal from here Note Trade at your own risk. Its just an idea
Hi open position :114.170 take profit : 112.770 T/P 2: 112.070 S/L : 114.320 Best Regards.
Hi open position : 113.000 take profit : 114.000 S/L : 112.900 Best Regards.
hi open Position :113.280 take profit :114.000 S/L:113.000 Best Regards.
USDJPY 4H OPEN POSITION :110.355 TAKE PROFIT :108.370 S/L:110.460 Best Regards.
USDJPY Reversed back to follow a downtrend. i took a sell there, from the trendlines marked, now we will buy it when it reaches the lower trendline, as it is believed that it will follow an uptrend until the next Big resistance marked.
Break and Retest of the previous structure, wait for price action to come in a strong uptrend then take entry in 15 or lower timeframe.
USDJPY has been making steady gains but has now come into a strong resistance level and formed a bearish engulfing candlestick pattern on multiple timeframes including the 4-hour. We have here an opportunity to short this pair back down as it retests the resistance level as new support. Whilst the weekly and monthly timeframes are still bearish, this setup is...
On the 4h chart, we can see that it was following my Channel Up pattern quite nicely. Updating now on my previous successful analysis, it started to build an Ascending Triangle which indicates another bull run, especially now with the US-news we might get some more information on soon. I suggest going long. But as always check for price action first and proper...
A potential start of an impulse wave 3 , For a safe entry wait for the price to stable above 108.62 then a long position is suggested. like if u agree :)
Salam and hi my name is Khalid Hamid. USD Index is showing a reversal, thus USD pairs might go down too (including USDJPY). Early sign is there but still need to wait for a STRONG BREAKOUT signal to the downside. Watch the video to understand. ;-) Tomorrow is NFP and few other high impact data release so please be careful with your trades. Good luck and...
based on price action the buyers just kicked in and the momentum is increasing. the daily is also ready to move and thats why my entry time is 4H. however it may be slow at previous support first.
USDJPY testing its new support leved, Get ready for Breakout
Morning traders! Today i'm going to post an analysis about USD JPY , in 4h timeframe printed a resistance in 108 zone, at the moment is going upside from march , from the low in 104.71 zone, but is going towards 108 zone that's an important confluence zone , here will touch the rising wedge and the previous highs. The direction isn't clear yet in my opinion , will...