Usdjpylongsetup
USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 108.761 where it is could reverse down to its support at 105.286.
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Losses can exceed the initial investment so please ensure you fully
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USDJPY LONG! Test of 113.4 (after trendline) is possible! Analysis is Complete though this pair isn't ready for this dual-test move--
Target 108.431 successfully completed from previous Idea.
A reiteration of all-time-range (110.188- 113.887) could enhance break of trendline for 113.4.
Note: Idea is to complement your research.
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Window of opportunity... Short USDJPY trade! On screen analysisToday price rised up on the Counter trend line, but didn't made a higher high. Price got rejected and now I suspect price to move lower and break the Counter trend line. I already opened my trade so for now I will just wait and see what happens.
Keep you posted!
USD/JPY Possible BuyThis will depend on how does the market opens tomorrow, I would wait until tomorrow to enter the trade. Also, before getting in the trade I would wait for the price to break the resistance level highlighted in the image.
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USDJPY LONG: Daily Chart Analysis & IdeaWeekly outlook on Currencies has USD (DXY) on weak side, creating overall weak index to this pair.
Levels outlined have Long as bias once USD currency picks on bullish sentiment.
Prior to engaging Long position, it would be wise to confirm strength of USD against weakening JPY-- and wise too to read price-action on marked Buy-Zones.
Counter-trading could work on rejection of Buy-Zone especiually if USD continues weakness and JPY maintains strength.
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USDJPY TREND REVERSALUSDJPY
As the risk sentiment arises the safe heaven Yen has gained the major strength and rallied almost 1000 pips and reached 101.300 level and stalled
We can expect further upward rally in comingdays
Buy orders may placed at 104.300 level
And potential take profit will be 106.800
Stop lose may placed below 103.500 level
USDJPY - Trade idea - 6 Risk:Reward - Long termThe market has been ranging between important zones on weekly timeframe. The market has now printed a bullish pattern(the M pattern), suggesting a bullish move after forming the bottom of the last leg of the M pattern.
Entry: 105.240
TP: 111.5
Stop loss: 104.240
USDJPY LONG: Opportunity towards test zone Price-action analysis shows price sitting on Daily Buy-Zone --meaning a push-up is expected to eclipse-zone for test to further up-side or rejection.
A rejection of Buy-Zone could have price plummet possibly to 104.644
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