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Usdjpyidea

UsdJpy to resume its uptrend?In yesterday's comment, I said that the long-term trend for UsdJpy is clearly up and the drop from 111 is just a correction. Yesterday the pair has finished the day very strong and closed above the important 108.30-108.50 important zone, confirming a false break A small retracement could follow at this point and this could be a good opportunity for bulls to open longs As I said, 108.30-108.50 is now support, and bulls can have 111 as a target
Long
by Mihai_Iacob
8
USDJPY-Formation of Diagonal pattern at the end of wave IVIn the weekly chart the price movement is forming a Triangle pattern, we are currently in the C wave from point D. ( Weekly Chart ) The daily chart shows the structure of the waves, which indicates that the iv wave from point C has ended and the price is rising in the V wave, which can be extended up to the range of 112. ( Daily Chart ) In the one-hour chart, the Diagonal pattern can be detected clearly, which can be an indication for the termination of the downtrend in the iv wave.
by NirmataFX
1
USDJPY- Perspective -Disjoint channel USDJPY Though the long term downtrend was imminent in USDJPY it has managed to bounce from 102.600 towards 111.00 level where it met some major resistance and started falling towards south.Series of Lower low and Lower high patterns are forming and forming clear downtrend channel.Currently the 5th Elliot wave is underway.The lower side trendline adnd 108.00 (key psychological level) will be a another reason for buy.Comparatively the DXY is in downtrend in recent days and the yield of bonds was declining so its better to short this pair now.Break and retest will pave a way further for bear. The current price was well below the 03 Exponential moving averages (50,100,200)&Point of control *Price-below price action level *Price below point of control *Price below 03 EMA (50,100,200) *Fundamental support-JPY over USD *Downtrend channel *Elliot wave-05 underway (Bearish trend) Disclaimer! This chart represents the future expected move only-Not a financial advice Appreciate good works- “Don’t judge each day by the harvest you reap but by the seeds that you plant”
Short
by forexorbit
USDJPY - Buy Entry - H4 ChartUSDJPY - Buy Entry - H4 Chart Buy @ Beak of 109.960 Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 DISCLAIMER 🔺 The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
Long
by UnknownUnicorn5418842
USDJPY – New Week Analysis – 5-Apr-21 📈 BUY ZONE – 109.993 to 109.493 🔷 Take Profit 1 - 110.193 (20 Pips) 🔷 Take Profit 2 - 110.493 (50 Pips) 🔷 Take Profit 3 - 110.993 (100 Pips) ⛔ Exit / SL - 108.993 There is potential for the price move higher after the pullback. The price might reverse at 110.000 if it hold the position or reverse within the BUY ZONE. If the 4 hour closing price is below 109.500 then prepare to EXIT this trade and this set up is VOID. (There is no changes from last week analysis)
Long
by onelinkFX