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Usdjpylongsetup

I HATE following the crowd, but they're right about USDJPY. USDJPY is headed down, BUT the long-term analysis of the monthly chart is not bearish. The current US President (President Trump) will do everything he can to boost the economy (or the market sentiment) as the upcoming political debates take place. Perceived improvements in the US economy will send the USDJPY up over the next few months, however CURRENTLY there is a short-biased across the currency market as it relates USDJPY. As it stands, JPY is very strong and had a great run over the past few weeks. The strong Yen will continue to push USDJPY down over the next few (possibly 2 to 3) weeks, but will slowly fade (in my opinion). Good news and feelings can only last so long. After the JPY bullish bias fades and the US Market picks up, I expect this pair to rise. My short term opinion follows the rest of the world in seeing USDJPY bearish. This bearish move is good for a couple of hundred pips, BUT the long term 1000+ pip move will come from a longer-term bullish move, in which I believe the USD will rake the floor with JPY. Let me know what you think, would love to hear your opinion. Click on the reply button and leave your comment. USDJPY Thank you for reading. Wish you much success - StampsFX
Short
by StampsFX
USD/JPY Trading PlanCurrency rate broke up key level 113.13, H1 candle close upper. It's a signal for next price increasing. Also, most of the Major currencies shows that US Dollar will be stronger. (Example EURO, GBP, AUD ,CAD) The best place, where we can open a long will be after fake broke of 113.13, because it's powerful Mirror level on D1 chart. Look on a right screen, you can see that the price bounced down from that level before break it. It happens when big players need more volume for push the price only. They showed that they are interested to move JPY up. Just wait for pullback to make your risk lower and potential profit bigger. Do you think as me, that USD/JPY will move Up? Write it in comments please. P.S. Push like and subscribe if you want to see more signals in the future. I'll write when to open a deal if this post get 45 like. Always Use proper risk management!
Long
by Yuriy_Bishko
3