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Usdjpyidea

USD/JPY with the Symmetrical TriangleUSD/JPY is moving downwards. It started to fall from 20th February of 2020. And it's still falling. It has made the symmetrical triangle here. It's making the 4th wave here, and it has to cross the following level 103.455 - 103.360 - 103.185 - 103.050 , to complete the 4th wave. But if the trend started to move upside, then there will be a failure of the symmetrical triangle. Then the targets will 103.815 - 103.915 - 104.100 . I have applied DMI, ADX is less than 25 , which shows a downtrend. And the +DI is above -DI means an uptrend.
by forextidings
USDJPY H4 - Double Jab Punch IdeaTrading idea for USDJPY pair, price is reaching to daily/ weekly SnR/ Support now. Expecting it to be bounce for Long/ Buy & TP right before the DROP Zone for Short/ Sell. Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Long
by Carta_aPau
USD/JPY Technical Analysis.Currently, USD/JPY is trading at 104.10. The pair is trading in a sideways trend and can break the support level to start a new down trend. If the price breaks the support level at 103.66, then it can start a new down trend and its first target will be at 103.20 and second target will be at 102.65. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USD/JPY Technical Analysis.Currently, USD/JPY is trading at 103.91. The pair is trading in downward resistance and support wedges and can continue the same trend if it breaks the support level at 103.79. If the price breaks the support level, then it can continue the downward trend and hit the target price at 103.14. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5