Usdjpyidea
USDJPY 4Hr Short!
This idea is VERY SPECIFIC (and simplified) in that: Price has tested and closed (this past week) below a very important Daily Resistance Price = 119.322
Resistance Price 119.322 has corresponding Supporting Price at 116.488.
This idea remains valid only if downside Rejection at 119.322 sustains-- Meaning, price in time will drop to Support 116.488 for tests-- And failure to support at 116.488 will cause further decline to 111.028 for tests.
What if 119.322 turns to Support? Next Daily significant Resistances are 120.681 | 123.353 | 130.945
Visit USDJPY previous idea following this link:
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you. Happy Trading.
USDJPY brief correction to the downside ❌🧨Based on the chart, the price is located in the middle of the ascending channel and close to resistance zone ✔️
we
can see brief correction to the downside, at least to the channel support ❌🧨
and
if we lose the channel support and the trend line, we will see even more correction ❌🧨
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
USDJPY SHORT! Yen near Reversal to satisfy Shorts!
Overview:
Yen has failed remarkably at 87.34 - 89.17 Buy-zone where Buyers previously shored Support.
87.34 - 82.37 is a Major Buy-zone layered with numerous Buy-levels which, so far, all have failed to attract Buyers.
So what are the chances USDJPY will experience the unprecedented and anticipated Selloff?
First the Yen has to find Buyers. Technically, The Buy-zone has now drastically narrowed to 81.89 through 79.56 zone or lower to 77.54 --Or through tests at the Trend-line. It is not clear how long Buyers will take to raise the Yen index-- But it is Clear where they have the Best chance to reverse the Index.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you. Happy Trading.
USD/JPY Moving In This Channel , Scalping And Swing Setups ValidThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USD/JPY After 350 Pips From last Analysis New Long SetupHello Traders, pair Still respecting ascending channel with now above a new support when touch 128.050 with refusal Take a buy Position to get New 300 pips until 130.000 , wait entry until you can place stop loss below 127.400 .
if you like the idea, do not forget to support with a like and follow.
USDJPY ForecastThe market has given us new higher highs as anticipated, it’s breaking records. Now when we take a closer look we see that bears are looking to take over, the market provided us with a higher high, then a higher low and made another higher peak to break the previous one and made a retracement to our liquidity zone, now we have our fractal high as the 3-bar pattern with a beautiful shooting star. USDJPY now portrays 3 strong indications that influences the market to go bearish... we expect it to drop to our previous resistance which is now our potential support at price 116.000... we just have to see how our candlestick will close for confirmation...
USDJPY SHORT/SELL IDEAHello Traders,
Hope you are having an amazing week.
Above is my analysis on USDJPY, overall perspective is very BEARISH.
One thing to keep in mind this week before taking a trade is the fundamental outlook on both the USD & Yen Pairs.
Nevertheless, our perspective is still bearish given that we are currently in a key area of supply.
Looking forward to see how this plays out.
Thank you for your support,
ETGL TEAM 💛
sell setup for usdjpythe price is too close to the weekly resistance, so we expect the price will reject it making a correction
at least to the 38.20 % Fib from the long leg.
so we should wait on smaller TF for a clear momentum shift to the downside.
if the price break and closes above the weekly resistance, this scenario will fail.
<<<<<<< like and follow >>>>>>>>