Usdjpydaily
USDJPY SHORTUSDJPY breaking downwards and good to short at current point.
Very risky trade with very less SL and huge returns.
R:R :- 1:12+
Trade safe. Manage risk. Be profitable.
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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?
USDJPY | Might get an impulse to the upside.If you find this technical analysis useful, please like & share our ideas with the community.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.
USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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. 💬
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USDJPY | Sell on Strength USDJPY is trading in a short term symmetrical triangle. Sell on strength strategy can be adopted while following overhead trendline.
Alternatively, if it manages to break the overhead resistance the pair can become bullish and bulls will push the price to upside.
Trade your levels accordingly.
GBPJPY will it hold?This 155.214 level for the GBPJPY is extremely crucial? Will it hold for more sustained upside or will this range bound trading continue? I am slightly bullish to the upside for one last blow off top. But there are other pairs that have clearer direction. If you'd like to enter a trade, control your risk and expect price to turn against you. I'd personally long 155.214 at less than 1% of my account size and ride it to 160.