Usdjpysell
USDJPY SHORT IDEA Overall still very bearish on USDJPY.
We are currently in a very strong area of supply. Due to the Japanese bank holiday today and Powell's speech we have seen a bullish push.
Our bias remains intact, technicals suggest that the shorts are still in play.
Looking forward to see how this plays out in a day or two
Disclaimer:
These charts should only be used for educational purposes and not as signals. Trading entails high risk !
God bless,
ETGL TEAM 💛
USD/JPY SELL NOW...
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USDJPY SHORT/SELL IDEAHello Traders,
Hope you are having an amazing week.
Above is my analysis on USDJPY, overall perspective is very BEARISH.
One thing to keep in mind this week before taking a trade is the fundamental outlook on both the USD & Yen Pairs.
Nevertheless, our perspective is still bearish given that we are currently in a key area of supply.
Looking forward to see how this plays out.
Thank you for your support,
ETGL TEAM 💛
USDJPY-SELL++We have started selling small @ 118.25 and have added @ 118.75.
The view is unchanged, as the pair is overbought and nit starts looking extreme for a major currency. We are shifting the profit order to 117.27 as we have a higher average now.
For new entrants SELL @ 118.75-118.80 and rest unchanged.
USDJPY-SELL+We are quite overbought (not extreme) and this provide the opportunity to sell. The short-term range should be within 116.50-118.50 and we can play the short for the strategy right now.
Strategy SELL current 118.25 and add on strength again @ 118.75 if seen. Keep leverage manageable always. You may place a stop-loss if wished for @ 119.25 for now.
The profit order to be placed somewhere @ 116.78 for now. It is a short-term trade, hence the profit order is not far away from the current price.
sell setup for usdjpythe price is too close to the weekly resistance, so we expect the price will reject it making a correction
at least to the 38.20 % Fib from the long leg.
so we should wait on smaller TF for a clear momentum shift to the downside.
if the price break and closes above the weekly resistance, this scenario will fail.
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USDJPY-SELL+The market is slightly overdone short-term. For that reason is seems to be time for starting a SELL strategy short-term.
Strategy SELL current @ 118.30-118.50 for a correction back to 116.75 profit order. I would be adding SELL @ 119.15 or higher and would then adjust profit order slightly upwards.
USDJPY SHORTS 📉📉📉📉 Expecting bearish price action on UJ as price is rejecting an important area of bearish orderblock h4 and it should go lower from there, we also have a bearish orderblock on H1 right in that area + bearish imbalances that were filled.
Targets into 115.000, What do you think ? Comment below..
Choppy USDJPY to test the top of the channel.The price for USDJPY is consolidating at the bottom of the channel looking for another run to break the top of the channel. The bottom may be in but do not be surprised to see another fake out to the bottom. If you are already in the long, and in profit, you can take some profits off the table once price tests 116.5. Otherwise, I think we can wait for a better buy entry when price hits the oversold region of the 4hr RSI.
USDJPY SHORTUSDJPY breaking downwards and good to short at current point.
Very risky trade with very less SL and huge returns.
R:R :- 1:12+
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
More downside for the USDJPY but capped in a range.It looks like there is more downside to come for the DXY though the move will likely be capped in a range. This downward move can get some support at around the 114.6 or 114.2 levels before it hits the bottom of the range. What the price chooses to do at those levels will be largely dependent on what the central banks do. Is the federal reserve going to turn more hawkish than they already are? Or are they going to stick to the original plan?
USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.