USDJPY Bearish for 109.50#usdjpy, 2nd july daily key reversal bar dictation further weakness ahead, 3rd july insurance bar confirmed weakness. jpy one year bullish extreme suspect reversal in jap as strength soon for medium and longer term.
Usdjpyprediction
USDJPY H4 FORECAST BUY 1.5R TARGETWe consider to buy this pair because the New Jerusalem Ultimate Band Indicator signal line is very bullish though it suggests that there might be a short pull back and then the price will continue to shoot up before we get stopped out. Also the price has attained a strong support from the New Jerusalem Band Indicator lower line suggesting a strong bullish move awaiting the market to open so that it may continue to manifest. We manage and protect our capital buy using a reasonable lot size and not to risk more than 2.5% of our capital and we open one position only until we hit our profit target. Our exit levels are as shown on the chart. Wish you a successful week ahead.
USDJPY- Let the bulls run! Long Market Structure is there! There should be a lot of fuel for the run and we can wait for a break of structure to the upside to confirm it.
111.05 Level is an area of interest that is particularly interesting.
My bias sorry bears the bulls are out to play.
Comments are welcome! Have your say.
USDJPY SHORT Broke Upward Trend and has shown resistance to the trend.
Sell Stop 109.005
S/L: 109.259
T/P: 108.383
USDJPY ANALYSIS 22 - 26 FEBANALYSIS
==========
DAILY - BULLISH
4HR - BULLISH
PLAN OF ACTION
================
IM EXPECTING PRICE TO COME RETEST THE MINOR ZONES ON 4HR THEN WE TAKE BUYS IN LINE WITH THE HIGHER TIME FRAME INDICATION
BUYS:
ENTRY @ MINOR ZONES
EXIT AT 106.2 ZONE
SL BELOW THE 0.84 ZONE
The reward of Patience - 300 pips bullish movement In a 240-minute chart, the Ending Diagonal pattern is formed, there is a scenario that a strong uptrend will be formed according to this pattern.
As it has been shown in the picture, the target of this pattern is in the range of 109.85, and the loss limit will be 103.52.
Daily time frame analysis and the general trend will be determined soon
Usd/JpyWe have seen a breakout upward in the continuation of long term upward trend as the ascending triangle has been broke thus a upward move is expected.
If you do like the idea like and comment down whether you agree or not and do follow me
Note this is not a trading advice and I am wrong100%
USDJPY - Investor Has Left The Chart| 28th February 2020Previous post of USD will hit the 109.347
Correction is happening towards the US markets.
Dow Jones lose 1200 points while stocks fell for the six(6) straight days. On 12th Feb equities peaked. Dow Jones fell around 10%. The selling almost equal like S&P500 and Nasdaq. On the other hand, Yen and Franc has been main beneficiaries of risk aversion. Investors sought safety in Dollar. All that has reset when lots of investors leave the greenback and it driving lower towards all major currencies except CAD (Canada dollar).
Lots of my traders under me since I am IB (introduce broker) wondering the dollar relinquished its safe haven status and boils down to the fear the the US will be the next to experiences a sudden increase in n-covid19.
If you guys see in Asia and Europe, the virus spreading rapidly. The Center of Disease Control warned of more outbreaks. President Trump failed to reassure investors that the virus can be contained. Only 445 people have been tested for the virus according to the CDC as of February 25th. This compares to 7,100 people who have been tested in the UK and tens of thousands more abroad. In just one province in Canada (Ontario), 629 tests were conducted. So the price action in the market reflects the fear that the number of cases will explode when the testing requirements broaden. The deepening sell-off in US stocks and Treasury yields also driven investors out of US assets. Ten year Treasury yields dropped to a record low of 1.24%. These moves bas investors looking for a response from the Federal Reserve. So far we've heard very little from Powell & company but futures are pricing in 75bp of easing this year. While this may seem aggressive, if the selling doesn't subside, Powell will have to reassure investors by suggesting that a rate cut is possible.
I have find out that these are the reason why investors has left the Dollar chart
a. Fear that United State of America will be the next major outbreak coronavirus
b. President Trump failed to reassure investor thus sending stocks tumbling over
c. Correction another 2% drop in equities market
d. Ten(10) years yields drop below 1.3%
e. Fed fund futures pricing in 75bp of easing this year
The only currency that was hit harder by selling today was the Canadian dollar
Oil is getting crushed by the coronavirus. The price of crude dropped to a 1 year low as investors worry that the virus could lead to the biggest demand shock since the 2008 financial crisis. With suspended flights and economic activity in China slow to recover after grinding to a halt, global oil demand could contract for the first time in 10 years on a quarterly basis. OPEC will respond with production cuts but that may not be enough to stem the slide. The Bank of Canada meets next week and the worry is that they could surprise with a rate cut. We think that's unlikely given the BoC's previous comments about the limited virus impact but surely their confidence has weakened. Fourth quarterly and monthly GDP numbers are scheduled for release on Friday. A significant slowdown is expected for Q4 but forecasts are low so an upside surprise is possible as well.
The best performing currency was the euro which rose nearly 1% against the US dollar.
The currency pair benefitted from stronger Eurozone confidence numbers and a downward revision to the personal consumption component of US Q4 GDP. It is difficult to foresee the rally in EUR/USD continuing with the virus spreading quickly across Europe. The German and Italian economies were faltering before we even heard about the words coronavirus and with the outbreak hitting the industrial heartland of Italy, 2020 could be another ugly year for Europe. Italy was one of the weakest European economies in 2019 while Germany barely avoided recession. For all of these reasons, we expect the rally in EUR/USD to hit a brick wall quickly.
Regards,
Zezu Zaza
Short the USDJPY Rally After the Gap DownThe recent positive headlines on the trade war has sparked outflows from safe haven assets. This provides a good opportunity to short the USDJPY after the rally in the daily chart.
USDJPY Strong Lower Trend. BUYBreakout is due very soon! Lower trendline is more powerful indicating we may see a bullish breakout. Wait for confirmation before pulling the trigger.
USD/JPY open Market LongBuy near USD/JPY 111.35
S/L: 110.73
T/P: 113.669
The price made pull beak to key buy zone. Also, there is the upward line which shows us that big players want to move currency rate up.
P.S. Send it to your friend if you like It, please.
USDJPY approaching resistance, prepare to sellIntro: USDJPY is seeing some really strong resistance, good opportunity to get into a short trade.
Sell below 106.47. Stop loss at 107.34. Take profit at 104.77.
Reason for the trading strategy (technically):
Price is seeing strong resistance at 106.47 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, descending resistance) and a strong reaction could occur at this price to push it down to 104.77 support (Fibonacci extension). We do have to watch out for intermediate support at 105.24 (horizontal swing low support) which needs to be broken to open a further drop.
RSI (89) sees descending resistance hold price down really well with its bearish momentum.
USDJPY plan for next few daysI believe that retest of Upward trend line will occur, and UJ will stay within channel and post a new high.
USDJPY - Short Term TradeHi Traders ! This setup of USDJPY is just for short term traders, after strong upward move, this pair needs to be retraced . Retracement might take place from the Blue Marked zone. Thanks
USDJPY profit target reached perfectly once again,prepare to buyBuy above 110.25. Stop loss at 110.03. Take profit at 111.15.
Reason for the trading strategy (technically):
Price has shot down and reached our profit target perfectly. We prepare to buy above major support at 110.25 (Fibonacci extension, horizontal swing low support) for a push up to at least 111.15 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing major support above 4% and we expect a strong bounce above this level.
Correlation analysis: We’re expecting overall JPY weakness with bounces expected on AUDJPY, USDJPY and EURJPY. Hence this falls very nicely into a correlated move.
USDJPY - Short Term TradeHi guys , After strong upward move USDJPY is looking for retracement. I am not telling that this trade will sustain for a long term because over all trend for the pair is upward. but For Short term you can jump into the trade thanks .
USDJPY PROJECTIONSI see a new high has been made extending past the kneckline of double bottom
I see a possible retest of the channel support.
EMAs still show a steady upward trend.
I wouldnt call short until we see this retest has succeeded.
If it fails we could see new highs.
my Target is around 117.5 long.
Im going to wait and see for any shorts. too early to say imo
USDJPY dropping nicely, remain bearishSell below 114.07. Stop loss at 114.77. Take profit at 112.90.
Reason for the trading strategy (technically):
Price continues to drop nicely from our selling area. We remain bearish below 140.07 resistance (Fibonacci retracement, horizontal overlap resistance). We also tighten our stop loss to 114.77 to protect our profits. Profit target is at 112.90 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing pullback resistance at 69% which corresponding to the reaction we are seeing off 114.07 in price. We hope to see a stronger reaction for a further drop.
