Get started

Usdjpydaily

USDJPY | Update | Next Move? USDJPY has been following parallel channel by its heart and core. We were long when it was at trendline support (Check USDJPY chart) and attempted short from the horizontal level (Check Chart). Currently we are expecting it will take a hit once again from horizontal level and price will come down. Alternatively price can break the resistance and test the channel top. To take the right trade wait for the price action and candle stick. Trade your levels accordingly
by JustTradeSignals
2
USDJPY Analysis 3/02/2022 1hrUpdate: so glad in posted my weekend analysis of this pair as it has played out perfectly. I was expecting a reversal with a bounce on the upper yellow trend line which has proved to be relevant in the bigger timeframes. price was so weak we seen a reversal pattern straight away dropping price. perfectly retesting the pattern and drooping even further, creating an ABC correction within the double top pattern. with a move like this it creates a lot of liquidity left over so after finally hitting some support we have seen a retrace back up more than likely catching the liquidity from the move down before seeing lower lows. question is where does price start dropping again and I believe it will be around the closest yellow line sloping upwards if you were to look at this chart on the 4hr (Look at my previous upload) we did not see a bearish retest of this trend line, it played perfectly on the 1hr timeframe. but I think this could be a big swing move so looking for a test on the 4hr/ daily timeframes would be important. as for price right now if you look at the RSI we are reaching over bought, so looking to come back to my blue line here (take it as a zone not an exact price level). before moving up aiming for this yellow resistance. I would say this pair has the ability to drop below support or push above resistance at any moment so keep a tight SL on the long up to the yellow trend line and same with the short off of this resistance if we break either of those levels chances are bias is changing at least short/mid term.
by ryanc49
USDJPY Analysis 29/1/2022 4hr Update: thought I would post this chart because I am looking at a big move here for USDJPY the bigger timeframes are telling a good story here. you can see a perfect break and retest on my lower yellow resistance line which was previous support. which obviously coincided with the news for the dollar. either way I do believe you can see the outcome of news through the setups in the days before it comes out. (not all the time but I would say most). okay so keeping the thought of bigger timeframe trend lines playing out if you look at the top yellow line which we are close to hitting, and zoom out/ look back you can see how relevant it has been for price action. I am looking for a bounce on my support box here and continuation to the upside before actually bearishly retesting my huge trend line. signalling the reversal and recovery for the pairs pinned to the dollar. keep in mind this is a 4hr candle so there is every possibility we wick above it chasing the previous highs but I think we should close the candle within the resistance, time will tell and regardless if you are in a long you will catch the gains if we break higher. since we broke below the support which is now resistance it has not been retested and I think this is just the bearish retest of this zone before making new lows eventually. obviously that is a big claim but that is what I see price doing, I think the dollar is well over valued and eventually will come crashing down there is no reason why it isn't retracing already. so look out for the test of the line, I am also watching for a drop down straight from the open and will only trade if we break my support box and I will wait for a retest aiming for my next support. if anything drastic happens I will post again but this is my analysis lets see what happens.
by ryanc49
USDJPY BEARISH SETUP 4HR/DAILYUSDJPY has been in a monthly bullish uptrend since the first week of 2021 creating HH's & HL's while bouncing off my symmetrical trendlines perfectly. It wasnt until the first week of July 2021 where we see on the 4hr that price was 1. 'OVERBOUGHT' indicating time to sell soon in addition to 2. 'NFP' (every first friday of the month) making the market just plummet 200 pips which also 3. BROKE my weekly bullish SUPPORT trendline' 3 strong confluences that price is preparing to REVERSE Seeing that price is now creating LH's & LL's on the daily timeframe SELLS are ideal to trade, so to enter this trade I expect price to either 1. 'RETRACE' from the '78.6%' area of my daily fibs at around 110.250 or 2. 'RETRACE' off my 'RESISTANCE ZONE' around 110.500 and 3. 'BREAK OF SUPPORT' line on 1hr would confirm SELL. 200pips down to 108.500 is my goal for month of august #ThePipPimp
Short
by Juju103
1
USD/JPYThe US dollar initially rallied last week to reach towards the ¥115 level. That is an area that is a large, round, psychologically significant figure, and now it looks like we are ready to continue breaking down in the short term. The ¥112.50 level underneath could be a potential support level, and perhaps a potential target. At this point, we will continue to move based upon risk appetite more than anything else. I do believe that we will continue to see a lot of noisy behavior, but I think ¥112.50 is the target.
Short
by SmoothJB