Usdjpybuy
USD/JPY BUYUSD/JPY has been in an uptrend respecting the green trend line .
By using the Fibonacci retracement indicator , I can see that the price has retested the 0.618 fib level which indicates the continuation of the uptrend .
I expect the price to increase until it reaches the yellow resistance level and will wait to see if it manages to break it and continue the uptrend or a reversal to happen
USDJPY - DON'T MISS THIS OPPORTUNITYIve worked down in timeframes.
On the 4H, Price is sitting around 105.050 region, which has previously acted as a key Support Zone.
On the 1H you can see a clear descending channel, which price broke today. We are expecting price to retrace back into the channel.
The Stochastic indicator is clearly showing an oversold market on both 4H, 1H and 15min.
We will look at a buy trade, to learn more on our position, please do not hesitate to contact me.
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USDJPY buy from current levelUSDJPY buy from current level
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USDJPY LONG soonWhat I see here is quite interesting and letting us to be prepared to jump in trend, as you see price broke our weekly trend line in point A then price went all the way up to touch our Daily trend line, then going back for our strong support and golden fib area . we can put pending order for 25 pip lower to minimise risk for this trade. 1/3 R:R
Lets see how price reacts our strong support with strong confirmations technically ...
Dont forget about risk management key to success ...
GOOD-LUCK MY FRIENDS !!!
USDJPY: Long after structure retestHi Traders,
This is our view on this cross for the next days.
#USDJPY
BUY 104.845 (after retest)
SL 104.148
TP 106.4
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
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Trading Kitchen
UsdJpy near strong supportAfter breaking the falling trend line resistance at the end of January, UsdJpy also broke above horizontal 104.30 resistance and accelerated up and reached shy under 106 resistance.
Now the pair is in a normal correction and very close to this new support.
In my opinion, the trend for this pair has changed and we can expect a new leg up once this correction is finished.
I'm looking to buy UsdJpy and only a daily close under 104 would change my bullish outlook