Usdjpyanalysis
USDJPY Bearish Potential SetupSalam 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 happy trading everyone.
KHALID HAMID, Malaysia
USDJPY: BULLISH TP - 113.0 - INTRA 300 PIP MOVE #Forex #FxProNowUSDJPY: BULLISH TP - 113.000 - INTRA 300 PIP MOVE #Forex #FxProNow
UJ still has a clean bullish Uptrend
Price Must Not Pass - 110.8
To keep Its Trend on the Lower TF
BUT...
If it does then I see price
pushing to 50% retracement.
110.300
Then continue its way to Push to 113.000 @ -27%
USDJPY - BEARISH - Intraday Pullback to 109.8 - 100 Pips #ForexUSDJPY - BEARISH - Intraday Pullback to $109.8 - 100 Pips #Forex
On the H4 TF from Point A - $113.6 to Point B $106.8
We are now at 61.8% and see resistance. (111.000)
I am looking for that resistance to be held for now and for price to have a small retrace for the H1 TF seen clearly on the H4 TF.
Pulling out my fibs on the H4 TF from the last HL to the HH and on the M30 TF from the last HH to the last LL
I see a confluence with the H4's 50% and M30's 61.8% both line up at $109.8 to that is my target.
After that target I will close my Intraday sell and Continue buying for the main move which is to get to the resistance at $114.
USDJPY - Up or Down? Nothing Clear yet for Higher TF #ForexUSDJPY - Up or Down? Nothing Clear yet for Higher TF #Forex
I am still unsure whether this is supposed to be a retracement of the broken structure on the Daily or a continuation of trend...
After this area is broken... Support or Resistance is when I will make my decision and stick with that one through the trend.
UJ - BEARISH - Now Made a Real LH on Daily, Sells Coming? #ForexUJ has finally made a REAL LH on the Daily TF...
Now price has ever right to continue its way to the downside...
We will see if price will hold this level of Resistance or break through to 50% or higher (which I doubt... we will see)
I see this holding this as a level of resistance then continuing to -27% Sub $100
UPDATE: Expect a pullback in USDJPY before more weakness tgt 104Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
USDJPY Falling WedgeUSDJPY Multiple Time Frame Analysis showing weekly chart (top left), daily chart (top right), 240 min (bottom left), 60 min (bottom right). At the moment finding support around 105 with a falling wedge developing on the daily chart. Looking for upside as the wedge formation completes and price works its way back above the short term moving averages. Notice that price is already above the 60 min 50 sma for the moment.