USDJPY buy from current levelUSDJPY buy from current level
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Usdjpylongsetup
UsdJpy near strong supportAfter breaking the falling trend line resistance at the end of January, UsdJpy also broke above horizontal 104.30 resistance and accelerated up and reached shy under 106 resistance.
Now the pair is in a normal correction and very close to this new support.
In my opinion, the trend for this pair has changed and we can expect a new leg up once this correction is finished.
I'm looking to buy UsdJpy and only a daily close under 104 would change my bullish outlook
USDJPY, Pull Back for Proper Bull Run....!As salam alaikum
T.A Review:
Dollar has made recovery. A strong Symmetric
Channel can be seen on Monthly, Weekly TF.
103 zone is respected.
Bullish Channel formation at W,D TF.
There's a rejection zone at 105 and We can
see weekly candle closed below that so I am
expecting a retracement till 104-104.5 for
proper LONG.
USDJPY - Pullback and ContinueAny oversold move like this is going to attract a huge amount of sellers into the market.
I would like to see a significant pullback into the optimal buying point marked so we can lure some more sellers into the market before shooting to the upside to target some sellers stops.
USDJPY ANALYSISusdjpy Possible bullish price movement The currency pair is trading above the 9 periods EMA and 20 periods EMA. if its range under 105.000 i thing it will go up. in the meantime the ongoing recovery of the American economy giving a bullish movement so i believe the possible channel to the top. also the relative strength index period 14 is at 60 levels bending up to indicate a buy signal.
USDJPY, Following DOLLAR.?As salam alaikum
DXY making some positive recovery.
Same goes for UC,UJ as well.
We might dip XXXUSD pairs pretty hard.
T.A review:
UJ is trying to break 103 zone but Dollar
has made recovery. A strong Symmetric
Channel can be seen on Monthly, Weekly TF.
Seems like 103 zone is respected.
We're going up depending upon the coming
weeks fundamentals.
UsdJpy could go to 106Since March 2020, UsdJpy is in a downtrend. I think things are about to change and the pair could go to 106 soon.
After the most recent low Usd has recovered losses and the last days of last week found the pair in a tight consolidation just under trend line support.
I expect a break of this downtrend line and a clear daily close above 104 would expose 106 resistance.