USDJPY: Double bottom?!USDJPY
Intraday - We look to Buy at 128.10(stop at 127.40)
Buying pressure from 128.00 resulted in prices rejecting the dip. Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. Further upside is expected. Dip buying offers good risk/reward.
Our profit targets will be 129.98 and 130.80
Resistance: 129.00 / 129.25 / 129.50
Support: 128.75 / 128.50 / 128.
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Usdjpybuy
USDJPY swingAccording to Gann Analysis and cycle 144 , USDJPY is in uptrend reached its 1st position .
Now it needs new confirmation to continue its uptrend by closing above price 116.057 by daily candle , so we can enter long trade targeting 116.579
let's wait and see if it will do it or not .
Good luck guys ...
USDJPY: Waiting For Bullish Fakey SetupUSDJPY – SPOT: Waiting For A Bullish Fakey Setup
Price Action: Price formed an Inside Bar Pattern late last week (We are not considering trading this pattern).
Price moved lower from the prior Bearish Pin Bar Signal that had formed early last week (We did not consider trading this signal).
Potential Trade Idea: We are considering waiting to see if the current Inside Bar Pattern turns into a Bullish Fakey Setup.
USDJPY - Bull Run Back On After RetracementI'm expecting USDJPY to continue back on its bull run after some retracement. The pairing more than likely has enough momentum now to blow past the previous high of 131.350 and onto 132.000 and higher.
Buy Signal: 128.630
Targets: 129.050 | 129.500 | 129.950 | 130.500
I have a resistance price of 131.350 and a support price of 127.500 .
Be sure to like this post and let me know what you think in the comments.
USDJPY – Multiple Inside Bar PatternUSDJPY – Buying A Breakout From Multiple Inside Bar Pattern
Price Action: Price formed a Bullish Multi-Bar Fakey Setup late last week (yet to trigger).
Price had been forming a Multiple Inside Bar Pattern since last Monday (We suggested trading this pattern in the May 6, daily newsletter).
Price moved higher from the prior Bullish Multi-Bar Fakey Setup that had formed over a week ago (We suggested trading the pullback to this setup in the April 28th, members' daily newsletter).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Multiple Inside Bar Pattern (Which will also result in the Multi Bar Fakey Triggering).
Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the prior Bullish Multi-Bar Fakey Setup.
USDJPY LongUSDJPY is long based on current chart patterns.
Entry: 130.080
TP: 130.380 | 130.500 | 130.900
I have a resistance set at last week's previous high of 131.250 . If the price goes past the resistance there is a strong possibility it will climb to 132.000+ .
Price 129.400 invalidates this trade.
Be sure to like this idea and let me know what you think in the comments.
USDJPY LONGS ACTIVE📉📉📉USDJPY - Expecting bullish price action on this chart as price filled x2 h4 bullish imbalances, and takes out sell side liquidity below old lows. The HTF market strucutre is bullish and the fundamentals are alligned for a LONG opportunity, market sentiment tells us that retailers are shorting this pair and this could be another confluence for us to go LONG.
What do you think ? Comment below..
USDJPY LONGS ACTIV 📉📉📉Expecting bullish price action on UJ as we are in a bullish market structure from a HTF premise, JPY is very weak from a fundamental standpoint. The market sentiment index shows us that the retail herd is SHORT on this pair meaning we have to look for LONG entries.
What do you think ? Comment below..
USDJPY LONGS ACTIVE 📉📉📉Expecting bullish price action on UJ as we are in a huge bullish market strucutre both on technical and fundamental perspective, price rejected a bullish orderblock area an clearly confirmed it.
The retail herd is SHORT on this pair meaning we have to look at LONG entries to have a better probability to see a take profit
What do you think ? Comment below..
LONG USDJPYLONG USDJPY at 122.40
TP: 124.90
SL: 121.25
USDJPY has pushed through a nice tech support lvl of 122.40 and I have therefore bought the break. The fed will also outpace the BOJ in terms of rate hikes this year therefore leading to my view of USDJPY between 125-130 level. BOJ have signalled that they would get involved and stop the depreciation of the Yen at some point, however I only forecast that lvl to be around 130. So there is still room to rally.
Good luck!
U.S Dollar Analysis - USD/JPY & EUR/USD In this video, I breakdown why the U.S Dollar is bullish against the Japanese Yen and maintaining its strength against the Euro, as the central bank, ' The Federal Reserve", is raising interest rates aggressively in 2022 to deal with high domestic inflation.
This is in contrast to the European Central Bank and Bank of Japan, which have pledged to keep interest rates low, due to low inflation expectations over the coming years.
I will show you how Bond yields drive currency markets when rising yields in the U.S pay a premium over Europe and Japan when there is a divergence in monetary policy.
Enjoy!
USDJPY SHORTS 📉📉📉📉 Expecting bearish price action on UJ as price takes out the buy side liquidity on the M30 and right now it's making the bearish reversal move, price made a lot of bullish imbalances that has to be filled those imbalances should act as a magnet for the price 123.000 is my target where bullish ordeblock and imbalance will be mitigated. JPYBASKET is also very strong and i expect it to rise meaning XXX JPY pairs should go down.
What do you think ? Comment below..