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Usdjpybullish

USDJPY : GOT SOMEBODYHi traders, (As always, our students got notified early about this analysis) King Dollar crushed every pair yesterday, creating a new trend. UJ somehow was one of the smallest intraday movement I saw. I guess that weekly (almost monthly) resistance got in his way. The trend is your friend and it will be ours today too. This is either a triple top or we are on the brink of blowing this thing open. Here's what I'm thinking : USDJPY LONG: ENTRY : 114.07 SL : 113.46 TP : 117.542 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
!The actual possibly is high!Multiple reasons lead to the idea of a UJ long situation over a short. First is USDOLLAR INDEX is testing a support as seen on the right chart, while USD/JPY is testing as well its own support line. JPN looks exhausted and needs to take a nap most likely. --------------------------------------------- Fx - USD/JPY Chart timeframe - 6hr Area of interest - 109.5, 114.5 Potential target 1 - 112.75 Potential target 2 - 113.5 Potential extended target - 114.5 --------------------------------------------- Trade Safe everyone!
FX:USDOLLARLong
by DMC
Let's make some money boysThe case for USDJPY longs is strong: 1) Strong support area 2) Strong correlation with 10Y yield differential (shown in white). This differential should increase dramatically in the next few weeks/months. 3) Speculative interest is no longer at its highest levels. 4) Other risk assets (e.g. equities) remain well supported. The market can remain irrational for longer than 'makes sense'. However these are the opportunities to make real money.
Long
by Exercise-Discipline