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Usdjpysetup

USDJPY Needs to find its wayWith the start of the year Banks started to talk about YEN will be stronger in 2018. With this move USDJPY and other YEN pairs started to hype up. Even Unemployment rates' news came positive from US side didnt effected chart well to take it up back to 113. band. We saw the USDJPY moves and consolidates around 112.80 and 112.20 band. With todays Eu session opening we expect a bit higher points around 112.40 which fibbo %78.6 holds abd also minor-major uptrend line. If we see a breakdown on trend chart will continue its way up till 112.80. If it bounces back it will retest our supportive area at 112.20 -112.
Short
by mert.kucukengin
USDJPY Lost It's BearsUSDJPY bearish movement finally lost It's power on sell positions. Finally we saw some buyers still alive on this chart. 108.80-108.60 band both became as a Buy signal and support band for USDJPY and till yesterday It started to move upwards. we saw our first point around 109.10 band and 109.45 minor resistance test in this morning. If this chart holds up with good news from US side it will trigger back up to 110.10 band and 110.75 which major resistance holds up that point.
Long
by mert.kucukengin
USDJPY July'17 Teachnical analysis - BearishUSDJPY July'17 - technical analysis - Forex By. Dian Kemala After failed to break up resistance level at 114.50, USDJPY perform downtrend, break channel up, and hit lower low at 112.23. This pair also break head and shoulders neckline at 112.95. The best setup for USDJPY are wait for re-test at neckline to enter short position, with profit target equal range from head to neckline at 111.27. Stoploss above right shoulder at 113.52 With this setup, we aim for 173 pips for this week with 3 R/r ratio.
Short
by AzrulAzir
2
USDJPY remain bullish for a further push upBuy above 111.31. Stop loss at 110.45. Take profit at 113.06. Reason for the trading strategy (technically): Price has made a retracement to its entry level and looks set for another bounce for a further push up. We remain bullish looking to buy above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance). RSI (34) has bounced off nicely from our pullback support at 52% and has good upside potential for us to play the rise from here.
Long
by MEX_Exchange
USDJPY dropping perfectly as expected, remain bearishSell below 109.66. Stop loss at 108.23. Take profit at 110.40. Reason for the trading strategy (technically): Price has dropped strongly towards our profit target. We remain bearish below 109.66 resistance (Fibonacci retracement, horizontal overlap resistance, for a further push down to at least 108.23 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below our 96% level and has good downside potential. Intermediate pullback resistance is seen at 40%.
Short
by MEX_Exchange
USDJPY dropping perfectly, remain bearish for a further drop.Sell below 110.66. Stop loss at 111.25. Take profit at 108.23. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area as expected and is on track to reaching our profit target. We remain bearish below 110.66 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a further push down to at least 108.23 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below our 96% level and has good downside potential.
Short
by MEX_Exchange
USDJPY Strategic View: Profit target reached, remain bearishSell below 110.60. Stop loss at 112.20. Take profit at 108.15. Reason for the trading strategy: Price has dropped perfectly from last week and reached our profit target. We remain bearish looking for price to drop further below 110.60 resistance (Fibonacci retracement, long term descending resistance, horizontal overlap resistance) towards 108.15 support (Fibonacci extension, horizontal swing low support). RSI (34) sees pullback resistance at 56% level which is holding price down nicely.
Short
by MEX_Exchange
USDJPY profit target reached, time to turn bearishSell below 110.66. Stop loss at 111.25. Take profit at 109.14. Reason for the trading strategy (technically): Price has bounced up perfectly and reached our profit target. We now turn bearish with new elements coming into play. We look to sell below 110.66 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a push down to at least 109.14 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below our 96% level where we expect a strong drop from. Correlation analysis: We’re expecting general JPY strength with a drop expected across AUDJPY and USDJPY today.
Short
by MEX_Exchange