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Usdjpylong

Cheeky long for USD/JPYUSD/JPY is grinding higher on the daily chart, although it seems wary of the 200-day MA overhead. But at the same time, it looks as though it at least wants to test it (and is sat near the daily R1 pivot). Prices have pulled back on the 1-hour chart in a corrective fashion, and the corrective lows found support at the 50-hour EMA and a previous swing high. Prices are also trying to hold above the daily pivot points. - The bias is for an upside break due to the underlying trend, and that is something a strong ISM services report later today could help with. - The initial target is 137, ahead of the daily R1 / 200-day MA, - The bias remains bullish above 137.40
Long
by CityIndex
1
USDJPY H4 ZONE MARKINGWe have USDJPY H4 Analysis for Zone Marking. According to this analysis, we can see the price still running Above 200MA & price Running ascending channel using pattern of Higher High & Higher Lows This sign of buying pressure for more confirmation we have marked demand & supply zone which is mentionedin the downside. Demand zone1@ 132.276 to 131.460(Strong) Demand zone2 @ 131.000 to 129.648 (strong) Demand zone3 @ 128.525 to 127.759(strong) supply zone1@ 136.890 to 137.532 (Strong) Supply zone2@ 137.751 to 138.246 (strong) With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
by Enclave_fx
Looking for a bullish breakout from USD/JPY's consolidationA bullish engulfing candle formed on Friday thanks to a hot US inflation report. The fact that incoming BOJ governor Ueda delivered a dovish message at his confirmation hearing simply adds to our bullish conviction on USD/JPY. Prices are now consolidating on the 1-hour timeframe, so we'd welcome any pullback towards the weekly pivot point to consider long setups, with the next bullish target sitting around the weekly R1 pivot (137.30). The OBV remains elevated to suggest the rally has been supported by bullish volume, so we're also on guard for a bullish breakout from the current consolidation.
Long
by CityIndex
#USDJPY- 500 PIPS BULLISH MOVE EXPECTED-Hello Traders, so we had to send an updated setup to everyone who has been waiting for USDJPY to go all the way up and that is why after BOJ announced their decision to not change the monetary policy. We waited whole day yesterday for UJ to settle down and have a clear view!. -Sellers are being exhausted and failed to take this pair lower low even when JPY BEING too bullish suggesting we are at the verge of having a strong bullish impulse. WHAT YOU ALL THINK? PLEASE DO LET DOWN YOUR VIEWS IN COMMENT!! PLEASE DO LIKE AND FOLLOW TO SUPPORT US SO THAT WE CAN KEEP SENDING THIS HIGHER PROBABILITY SETUPS!!
Long
by Setupsfx_
30
Currently USD/JPY trades in 5th wave and can continue to riseHello traders, I want share with you my opinion about Japonese Yen. Looking at the graph, we see how the price left the range and begin to grow, thus forming Elliott waves.On the four-hour timeframe, we can see the Japanese Yen currently trading in the 5th wave moving towards the seller zone. By switching to an hour-long timeframe, which is on the chart on the right, we can see how the price inside of the 5th wave of the senior timeframe forms upward heel wave impulse. Currently, the price has finished 4th correction waves, testing the support area from which it bounced back and started to rise. I think the price started moving in 5th impulse wave and may continue to grow.So for the Japanese yen, I see at level 137.35. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
USDJPY Long Term Analysis (4H Chart)Technical Analysis Summary USDJPY TREND ANALYSIS We have 1 Uptrend in green color Internal Trend (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White levels Levels are very tight stop losses that could be used in high leverage future trading. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice
by husseindergham
USDJPY | Perspective for the new week | follow-up detailsSince the last publication; price action moved over 400 pips in our direction (see link below for reference purposes) as the Greenback rose 0.6% to close the week just below the 135.000 zone. The Japanese yen was among the worst-hit Asian currencies as the US Dollar hit a six-week high against a basket of currencies after stronger-than-expected inflation readings and hawkish comments from Federal Reserve. This video illustrates what we should be expecting from the current market structure in the coming week as price action trades between the 133.900 and 135.000 range. 00:50 Reference to last week's daily commentaries and results 05:30 USDJPY analysis on Daily Timeframe 09:50 Macroeconomic event for the week 11:00 USDJPY analysis on the 4H Timeframe 13:10 Conclusion on next week's projections Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1