USD/JPY FIBONACCI ANALYSISDownward correction can continue for a short period. Growth tendency remains.
Price is trying to remain below the level of 102.30 (23.6% correction).
Short positions can be order after the level of 101.85, (descending 50% fan line, middle line of BB) is broken down.
Return to AUG lows 100.68.
If price rebounds from the level 102.30, it cud grow to 103.26 (38.2%)
Sell if price below 101.85, target @ AUG lows 100.68
Usdjpy4hrs
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-Short Position For 200 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential short position for at-least 200 pips.
I'll post a weekly chart, It has a potential to go up and then it will go for another down move.
.TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 106.200, you can still catch 100 pips till TP1 is reached, however there is still a possible move up towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go short right away & manage your stop loss accordingly.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Don't forget to like, If you like my analysis :)
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 Long IdeaPrice 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"
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
Forex Analysis And Trading Tips - USDJPY LONG!USD/JPY
113.78
Market managed to hit below 112.50 yesterday in a sign that market may have another dip toward 111.50-60 zone before resume the rebound correction toward 115.10 zone
short-run still showing ability to continue trading zone between 111.00 – 115.10 , while below 111.00 expect 110.00 zone and below
Support Resistance
Level 1 112.15 113.40
Level 2 111.50-60 114.00
Level 3 111.00 115.10
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Daily Market Report - USD/JPY - 10th Feb 2016USD/JPY
Japanese Yen sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern
Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60
As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60
Mid-Run: market showing strong bearish signals after breaking below uptrend channel which may lead the mid-run toward farther drop toward 106.60
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Forex Market Analysis - 7th Feb 2016
The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
If the pair breaks the level of 116.81, then we can expect it to test the levels of 118.
INDICATORS:-
MACD is sustaining in its negative territory although has crossed on the daily indicating a change in trend in the pair.
RSI is leaving its selling zone indicating the upcoming bullish trend in the pair.
STRATEGY:
USD/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
Please like and comment your ideas and good luck! :)
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Correction for USDJPYHi everyone!
I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you.
I see USDJPY sitting at the resistance zone which combine WR2 and DR2 pivot point cluster.
This might be seen as potential take profit zone and zone where bears would sell.
USDJPY DOWN UPDATEAlongside my previous published idea:
I mentioned that if the pair failed to break above 123.44 and close strongly, the pair would fall - and that came true.
Currently, we are looking at how the pair retraces the recent leg down - and watch if the pair manages to consolidate back into the month long channel, or fails to do so.
I am placing orders to SHORT UJ at 122.3, TP: 120.3, SL: 122.8, risking 50pips for a potential 200pips.
IF UJ fails to retrace to 122.3 today, this shows weakness in the UJ bulls, and that the .382 is holding - I will tactically SHORT at rallies.
Watch for price action.
For more fundamental reasons behind shorting UJ, see my related idea link.
USDJPY smal uptrend and breakdown.This current uptrend on the USDJPY, although overbought on the RSI is showing strength for the moment on the MACD. I would expect it to ride the trend until the MACD shows signs of weakness and then a breakout on the downside.
We could potentially see this breakout at some point next week. Im not trading but i will definitely keep an eye out and see how this one unfolds.
every feedback is taken constructively. please let me know what you think and it will be much appreciated.
P.S these are only my views and should not be taken as trading advice.