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Usdjpylongsetup

USDJPY - BEARISH - Intraday Pullback to $109.8 - 100 Pips #ForexUSDJPY - BEARISH - Intraday Pullback to $109.8 - 100 Pips #Forex On the H4 TF from Point A - $113.6 to Point B $106.8 We are now at 61.8% and see resistance. (111.000) I am looking for that resistance to be held for now and for price to have a small retrace for the H1 TF seen clearly on the H4 TF. Pulling out my fibs on the H4 TF from the last HL to the HH and on the M30 TF from the last HH to the last LL I see a confluence with the H4's 50% and M30's 61.8% both line up at $109.8 to that is my target. After that target I will close my Intraday sell and Continue buying for the main move which is to get to the resistance at $114.
Short
by FxProNow
USDJPY - POTENTIAL BULLISH CONTINUATION SETUP Hi Traders, The USDJPY reversed from a key support level that lined up with a daily ascending trendline then broke out of a resistance level. . The impulsive breakout labeled wave (i) blue is most likely to be part of wave 3 of larger degree. . Currently, the price seems to be building wave (ii) of 3, and it has the potential to move up towards wave (iii) target as planned on the chart. . We will wait for the corrective structure to reach our confluence area indicated on the chart then look for a breakout of the blue Counter Trend Line (CTL) for a long entry. . What's your thought about USDJPY? Let me know in the comment. . Wish you all a great trading week. Veejahbee.
Long
by Veejahbee
Risk [off] coming soon...=> After completing the ABCDE triangle formation we widely expected with the flash crash we are almost ready to turn down once more. Markets have retraced almost 61.8% of the leg and here expecting 110 to cap any further upside. => This key resistance will attract selling interest and act as a barrier for any meaningful correction. => To the downside we can see support initially at 109.4 followed by 108.8... Anything further would unlock 107.9 very fast after the ladder was cleaned. => After the weak inflation data from Japan we may continue to chop around for the next week before resuming lower. Timing wise this will coincide with earnings season finishing and risk entering back into our theatres. => Best of luck to all those who are trading USDJPY..I know most are sidelined for now after the monster move we caught a few weeks ago (see attached ideas).
Short
by ridethepig
1
USD/JPY TA 1/7/19 109-110 region nextNext up we have USD/JPY after the recent flash crash I feel like we should let the market chill out a bit and sit on our hands. I personally feel a 109 retest is coming soon and we can capitalize on a potential bounce or break set up. If we break the descending trend line 110 will be met rather quickly. If we bounce off the descending trend line my next downside target would be 107. also posted in my free chat -> t.me/alchfx Let me know what you think about my idea :]
Long
by Layne_LV
2