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Usdjpylong

USDJPY is exactly moving according my analysis USDJPY is exactly moving according my previous analysis and nicely hitt our two main targets ( tagged ). Now market is at trend resistance and horizontal resistance zone is also here. So I expect some retracment back before bullish move. You can sell from here to the support with small SL. And buy from trend support for our main target 3. Always trade safe and must use stop loss. If you like this idea kindly appreciate with like button.
Short
by pips-makers
2
Market Update: Bullish Signals for USD/JPYThe USD/JPY market has seen some positive developments recently, with several bullish signals emerging that indicate that price action is still in favor of the bulls. One of the most significant indicators of this bullish trend is the break above the 100 EMA (Exponential Moving Average). The 100 EMA is an essential technical indicator used by many traders to gauge the overall trend of an asset. When the price breaks above the 100 EMA, it signals a potential shift in the trend, from bearish to bullish, in this case. In addition to the 100 EMA breakout, the Lorentzian Classification is also showing a 2-4 bullish price point, further supporting the positive momentum in the market. The Lorentzian Classification is a technical analysis tool used to measure the market's volatility, and it is indicating that there is a strong likelihood of bullish price movements. However, while these bullish signals are a good sign, it's essential to note that caution is still necessary. To consider a swing short, traders would like to see the price come below the trend line and the 100-day EMA. This is because the trend line and 100-day EMA are critical support levels that need to be broken to confirm a bearish trend. If the price breaks below the trend line, traders should wait to see if it retests off the 100 EMA or if it breaks below it. It's important to note that the market has only just broken out above the 100 EMA and retested it, so it may need further confirmation before any significant price movements occur. If the price breaks above the resistance zone at 135.00, traders should look to take a long position up to 137.000. However, it's important to remain vigilant and monitor the market closely for any changes in the trend. In conclusion, the current market signals suggest that price action for USD/JPY is still in favor of the bulls. However, traders should exercise caution and wait for confirmation before making any significant trading decisions. Thank you for reading our market update. Stay tuned for more updates on the latest market trends and developments. Sincerely, The Finance Academy Trading Team OfficialB1gFudg3
Long
by OfficialKieranTrewick
1
USD JPY Bullish 4HR 2/11/23Hello Traders ! Thank you for taking the time to check out my trading idea. USD/JPY has retested quasi support of 130.00 which is also the previous point where there is visible change of character within the trend. This was initially prompted by a 500k + job increase for US's Feb NFP Job report. This pair failed to break below the key level 130 where bulls last regained control . We can also see a long term trendline break and retest. Before continuing down, if UJ at some point decides to, it looks like price will be liquidity hunting the upside. Conservative target would be previous HOW Please like, and share your comments as they help me grow as a trader on this journey as well. Thanks .
Long
by MW_Trader
3
USDJPY | Perspective for the new week | follow-up detailsAt 64.9, the Michigan consumer sentiment index for February hits its highest level in eight months as falling energy prices eased fears about inflation. This is a positive signal as it is a widely-known gauge of personal consumer confidence in the US economic activity. From a technical standpoint, the significant breakout of the supply zone at the 131.000 area last week was an emphatic bullish signal buttressing the idea that sellers might have lost the momentum; but following the retest of structure, price action was caught within a consolidation phase above the key level (131.000) to emphasize the level of indecision in this market. In this video, we looked at the possibilities and trading options we have from the current market structure as we look out for breakouts either way in the coming week for trading opportunities. 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.
Long
by darcsherry
2
USDJPY H4: Bullish outlook seen, further upside above 132.80On the H4 time frame, prices are showing bullish order flow with higher lows and higher highs formed and a throwback to the support zone at 132.80, in line with the 23.6% Fibonacci retracement and 61.8% Fibonacci extension levels could present an opportunity to play the bounce, with 137.80 as the resistance target. Failure to hold above the support zone at 132.80 could see prices push lower to the next support area at 130.50. Prices are also holding above the 20 MA supporting the bullish bias.
Long
by T3-Consultancy
1
USD/JPY LONGUSD/JPY has been moving in tandem with the DXY. USD/JPY is especially sensitive when the DXY goes long. The area highlighted in ORANGE is PROFIT POTENTIAL based on the MONTHLY chart. The areas highlighted in RED are SUPPLY ZONES based on the WEEKLY chart. I take profits just before supply and manage my trades when price is in supply. I am entering USD/JPY long TODAY although it is currently in a WEEKLY supply zone. The reason being price has just reacted to MONTHLY DEMAND. On the DAILY time frame price has given confirmation of the start of the long with a BLUE-RED-BLUE Color Change to the upside.
Long
by CrescendoFX