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Usdjpybuy

USDJPY LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USDJPY as we are in a bullish market strucutre from a HTF premise W1/D1. For a H1 long entry i will wait for the price to make a retracement back into 121.730 bullish orderbloc area on the h4 filling on it's way the bullish imbalances aka price inefficiencies. We have a bullish BOS on the H1 that confirms the shift in the strucutre from bearish to bullish The retail heard is SHORT on this pair and this could add another confluence to go LONG - contrarian approach. What do you think ? Where we go next ?
Long
by AnonimFXRO
USD/JPYThe USD/JPY made a third consecutive unusually strong weekly rise last week, closing near its high at its highest closing price seen in over 6 years. In fact, last week’s move was the strongest seen in several years. These are very bullish signs, with the Japanese Yen showing the greatest weakness of all major currencies putting this pair in focus right now. I made a good call last week seeing this pair as a buy. Despite all these bullish signs, there is a reason for bulls to be cautious here: the price has hit an inflection point at 122.32 which has so far held as resistance. Friday also saw a strong drop of more than a day’s average true range (ATR) based upon recent volatility, and this can be a sign that a bullish move has run its course, at least for a while. However, the price did recover over the rest of the day to close above 122.00. I think short JPY remains attractive as a long trade, but traders need to be careful with stop losses and make sure they are kept quite tight, as the price may now need to consolidate for a while before resuming its rise.
Long
by SmoothJB
USDJPY On 4 Hour Timeframe Is A Bullish Trend.FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY FOREXCOM:USDJPY CAPITALCOM:USDJPY SAXO:USDJPY USDJPY On 4 Hour Timeframe Is A Bullish Trend. Support And Resistance Levels On The USD/JPY: 117.500 Support, 120.000 Resistance. If USDJPY Exceeds 119.124, The Price Expected To Continue In The Uptrend Movement (Confirmation Level). If USDJPY Exceeds 115.796, The Price Expected To Continue To Fall (Invalid level). If USDJPY Reached 120.000 Level, The Price Expected To Rebound Downward (Resistance Area)
Long
by Treda_pro
1
More downside for the USDJPY but capped in a range.It looks like there is more downside to come for the DXY though the move will likely be capped in a range. This downward move can get some support at around the 114.6 or 114.2 levels before it hits the bottom of the range. What the price chooses to do at those levels will be largely dependent on what the central banks do. Is the federal reserve going to turn more hawkish than they already are? Or are they going to stick to the original plan?
Long
by IkanBilisCapital
USDJPY LONG/SHORTUSDJPY is currently at a very crucial level. It is facing a rejection from the previous resistance zone. For LONG :- One can enter it once it closes above 116.5 in Daily TF for target of 118+. For SHORT :- One can enter around 115.5 with a SL of 116.5 for target of 113 (SAFE TARGET). Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
by simple_trader2022
USDJPY: Breakout Trap ⚠️Have buyers been lured in with a clean breakout creating support? It is a possibility. If this is the case, I would like to see some sells from this region. The ideal entry would be on the pullback after the BOS but aggressive traders could consider this region. For this sell to work, price cannot pass the high marked or the setup will be invalidated. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
26