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Usdjpysell

Has The Crown Been Placed On The USDJPY ?Looking very likely that a Crown topping pattern is forming on the USDJPY several failed attempts to break and close above 145. Although the Dollar has been dropping the last week after nearly hitting 115 the USDJPY has been moving in a sideways range between 144 and 145 indicating period of distribution which is likely an unwinding of long positions after the huge move up. As from a previous post I am a short positionif we get the close below the 144 level will likely drop down to the 142 region get a small bounce there then break down takng out the low from 2 weeks ago, Read my previous posts for my targets.
Short
by TheFxAce
1
USDJPY Where To Next ???So we have retraced nearly all of last Thursday's big drop down only taking a couple of days to retrace back up. Looking at the 4hr charts we can clearly see the markets are moving sideways depending what your bias is you could see this movement as a re-accumulation phase basically a pause in the uptrend before making new highs or.... You could see this as a Distribution phase which is what happens after a huge move up and is the market preparing for a move down personally this is how I am seeing the market given the fact that we are extremely overbought on all the higher timeframes and had intervention at this level last week. Also if you notice the DXY has been on fire again this week printing new highs whilst the USDJPY has just been grinding indicates we are ready for a drop. I am waiting for my indicator to give me a Daily SELL signal at the current levels and I will enter this market. The 4hr chart is already giving me SELL signals meaning this trade may happen soon the STOP LOSS will be well above last weeks high and will target around the 139 previous HIGH or lower. Obiviously given the current markets and the strength of the DOLLAR we could blow higher though only a clean break and DAILY close above 145 will confirm more upside though any increased volitility to the upside iss likely to cause more intervention by the Japanese. We are very near if not at the top of this market if we do move up from here it will not be too far likely hitting 147.5 let's see for me the best longterm R/R on this pair is positioning into a SELL let's see what happens
Short
by TheFxAce
1
USDJPY ! Resistance action, short trade idea.USDJPY is trading swing high levels as Japan's central bank talks about taking notice. At point 1 , price makes a swing high and sells off sharply afterwards. This is when most trades will start noticing the level and they are prepared to sell when price comes back. At point 2 , price is approaching the level again but turns ahead of the line. Many traders have missed this entry and are probably very frustrated – you can be sure that next time price comes back, they will enter more aggressively. Sure enough, price breaks through the resistance level At point 3 and all the traders that have missed the entry at point 2 and who now entered early are caught on the wrong side. At point 4 , price again respects the resistance level to the point
Short
by YertuntsTrader
4
USJPY SELL OFF!! TRADE IDEAPrice has made a few rejections from this resistance area of 145.000 already so I'm looking for a reaction to this area once again. If we see this push down first targets would be 141.970, if looking at taking this trade please remember the overall long term direction is still to the upside so it has every possibility to as long continue higher.. make sure you are been smart with entry area and stop loss as well as waiting for the right confirmation.
Short
by jamison_fx
USDJPY setting for the bearish after break of structureHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:USDJPY We can see a market break of Structure in H1. So we are expecting a strong fall near Trendline. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Short
by Theranasaramd
USDJPY Short The pair USDJPY has been on a strong uptrend for the past 20 months and has found resistance at 145.000 a level that was last traded August 1998. Considering the growing economic reports and strong job data coming out of the U.S, along with the recent downfall of the Yen, the USD took advantage of the Yen's weakness by going back to retest these levels. But they say whatever goes up must come down and this is currently the case of USDJPY . From this area I expect a sell of down to at least 135.000 on the weekly level which happens to be the February 2002 resistance price broke and haven't retested. A retest of this area is sure and this will be a minimum of 700 pip from current price. But we will take these swings in bit. First TP is an extension of the first impulse recently made on the 1hr timeframe.
Short
by mariobillz7
2
SELL USDJPY On Clean Break & Close Of Bearish Flag ??Today I will be looking to SELL the USDJPY on a clean break of the bearish flag that is forming and will be targeting the previous HIGH in the current trend that was taken out last week this should act as a nice support allow there could be a deeper correction down towards the Daily DEMAND/BUY zone marked on the chart above. I will want to see a clean break and close below the trend line that I've marked on the chart we do have the US CPI today which may or not help in this postion a a close above yesterday's HIGH then we will likely see a move up towards last weeks HIGH will see. I suspect this pair will correct this week and early next week leading up to the Central bank meetings in Japan and the US also we have a lot of news in the US this week as wwe know this pair is very fundamentallly driven at present but is extremely overbought on many of the major timeframes so a correction on the weekly or monthly charts is well over due as it's been moving higher for nearly 24 months straight.
Short
by TheFxAce