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Usdjpylong

USDJPY: A RALLY EXPECTED.Hello traders, Dexter here with a quick update on USDJPY. This update is on the daily chart and if you are into forex trading then it is going to be helpful for you. After 84 days of bleeding reds, the USDJPY is showing some signs of recovery. A straight -16% drop has formed a falling wedge pattern and the current price action is indicating a rally around the corner. Currently, USDJPY has broken above the symmetrical pattern as well which looks good and if the market goes under the favor of bulls then we can expect the USDJPY to reach ¥138 in the coming days. The invalidation point for USDJPY will be ¥131.2 support level. Key points: * ¥131.2 support level. * ¥138 expected target. I hope this update was helpful to you. Trade safely.
Long
by Dexter_The_Trader
5
USDJPY DAILY UPDATE SLIGHTLY BULLISHhi all The USDJPY failed to break through support at 130.342 and rally higher, testing the previous high at 130.908. So I'm interested to see if the USD CPI can overcome the resistance level. If the resistance level is broken, I intend to remain long and target the next resistance level at 134.510. If USDJPY fails to break through previous resistance, it may fall back to new support at 130.342. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
Long
by mytw0cents
USDJPY - Daily Trade Idea - 13-Feb-23USDJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX
2
USDJPY | Perspective for the new week | follow-up detailsThe U.S. labor market report remained surprisingly strong despite ongoing efforts by the Federal Reserve to tamp down demand. The US Dollar rallied about 2% on Friday following higher-than-expected non-farm payroll data which came in at a whopping 517,000 through the middle of January. This video illustrates a technical perspective on the current market structure to decipher potential trading opportunities in the coming week. 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
3
USDJPY WEEKLY PLAN UPDATEHI all I was aiming for a 50% retracement between the high (151.946) and the low (127.220) The USDJPY is currently slightly bullish following a breakout from the consolidation area. which has a highest price of 132.908 and a lowest price of 130.570 My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all. cheers
Long
by mytw0cents
UsdJpy- Two great targets for bullsIn my previous UsdJpy analysis I said that "131 holds the key for bulls" and after some volatility in this zone, bulls seem to have won the battle. At the time of writing the pair is trading at 131.50 zone and a daily close above 132 could signal more gains in cards for the pair. Targets for bulls could be set at the 135 zone and 140 in extension and only the price back under 130 would negate this bullish scenario. My previous UsdJpy analysis:
Long
by Mihai_Iacob
17
USDJPY - Daily Trade Idea - 10-Feb-23USDJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX
1
USDJPY LongExpecting USDJPY to go into a buy if it can stay above Sunday's opening gap price of about 131.000 . The price has been bouncing between resistance price 131.500 and support price 130.500 so a break above 131.500 should be a good signal for a long. Buy Entry: 131.700 Targets: 131.880 | 132.000 | 132.165 | 132/360 | 132.530 | 132.700 Resistance: 132.850 Support/Stop Loss: 130.500 Be sure to like this post and let me know what you think in the comments below
Long
by DollarYenQueen
1
USDJPY - Daily Trade Idea - 9-Feb-23USDJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX
1