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Usdjpybuy

USDJPY Uptrend to ContinueUSDJPY finally saw a nice break up after ranging between the prices of 144.000 to 145.800 for about 3 weeks. Friday's CPI and unemployment data release triggered the pairing to push up past 147.000 and I expect the bullish momentum to continue, the dollar is strong. I have based my analysis on the last time UJ saw these prices in May 1990. If the price can push past support 148.850 it could open targets 149.060 | 149.660 | 149.950 | 150.350 and resistance price 151.000 . Be sure to like this post and let me know what you think in the comments below.
Long
by DollarYenQueen
1
USDJPY: Buying On Retracement USDJPY – SPOT: Buying On Retracement And After Price Action Signal Above 141.49 Support Level Price Action: Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of this Signal in the Oct 10th, members weekly newsletter). Potential Trade Idea: We are considering buying on a retracement lower and after a price action signal, whilst price remains above the 143.49 short-term support level, which concedes with the recent ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th.
Long
by UnknownUnicorn393254
2
USDJPY: Bullish Pin Bar SignalUSDJPY – SPOT: Buying On Breakout Higher Of The Nose Of Ultra-Small Bullish Pin Bar Signal Price Action: Price formed an ultra-small Bullish Pin Bar Signal late last week. The recent Bearish Fakey + Small Pin Bar Setup that had formed on Monday, Oct 3rd failed (We did not consider trading this Setup). Potential Trade Idea 1: We are considering buying on a breakout higher of the nose of the current ultra-small Bullish Pin Bar Signal (Please note if the market gaps up at the open, we will wait to enter on a pullback). Potential Trade Idea 2: We are considering buying on a retracement lower and after a price action buy signal, at or just above the 139.40 short-term support level, which concedes with the recent Inside Bar Breakout that had triggered on Tuesday, Sep 6th.
Long
by UnknownUnicorn393254
USDJPY Buy Back ContinuesExpecting USDJPY to continue long for the immediate short-term. Targets up to approximately 143.480 were met on the last chart. Targets are pretty much the same on continuation Buy Entry: 143.520 Targets: 143.865 | 144.060 | 144.400 | 144.800 | 145.400 |145.660 Resistance: 145.900 If price reaches resistance we will see if the pairing will break 1998 highs past 146.000 or if we will see sell-offs. Be sure to like this post and let me know what you think in the comments
Long
by DollarYenQueen
USD/JPY :: Buy position can be a good choice . <<< zoom out : zoom in >>> Yellow line :: Heavy resistance that has been broken and minimum growth to 159 . Orange channel :: The weekly time frame is ascending and correcting to the midline . Red channel :: An ascending channel in the growth of movement towards point 4 . Yellow channel :: It has been drawn in the 2-hour time frame and breaking it will cause a short-term downward trend . Blue lines :: correction movement drawn as a possibility .
Long
by The_Best_Trader_1991
1
USDJPY Buy BackYesterday was a big day for USDJPY due to the FOMC and BOJ announcements, we saw a lot of movement & volatility. The pairing broke a new yearly high of almost 146.000 before seeing a sharp decline downwards. I am still long-term bullish on the pairing but we were due for some market correction and retracement. I am expecting a buy back up to 146.000 in the next few days. Entry: 142.500 Targets: 142.800 | 143.225 | 143.480 | 148.865 | 144.065 | 144.420 | 144.920 | 145.660 Resistance: 146.000 Be sure to like this post and let me know what you think in the comments below.
Long
by DollarYenQueen
2
UsdJpy- Will it rise towards 150?In my previous UsdJpy analysis I said that selling UsdJpy is very dangerous and although 140 support could be challenged, the smarter and the safer way to trade this pair is to buy dips. As you can see from the posted chart, every dip for UsdJpy was bought, bears are unexistent and there is a clear pressure in resistance. I expect a break of this resistance soon and considering the target of the recent ascending triangle 160 zone could be the target for buyers. Only a break under 141 would put the pair in some kind of " normality".
Long
by Mihai_Iacob
5