Usdjpyshort
USDJPY H4: Bullish outlook seen, further upside above 132.80On the H4 time frame, prices are showing bullish order flow with higher lows and higher highs formed and a throwback to the support zone at 132.80, in line with the 23.6% Fibonacci retracement and 61.8% Fibonacci extension levels could present an opportunity to play the bounce, with 137.80 as the resistance target. Failure to hold above the support zone at 132.80 could see prices push lower to the next support area at 130.50. Prices are also holding above the 20 MA supporting the bullish bias.
USDJPY - Expect bearish price action ✅Hello traders!
‼️ This is my perspective on USDJPY.
I expect here bearish price action as price took out buy stop liquidity above equal highs and formed a normal H4 divergence which indicates bearish move.
‼️Attention!!! Due to the fact that we have news on USD this week, the analysis can be invalidated.
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USDJPY (SHORT) 🔥🔥🔥ENTRY OPPORTUNITY
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Where To Next 900 Pip Move On The Cards??I've had to look at the 2 week chart for a clearer picture of the directional move for this pair as you can see on the chart there is a nice UNTESTED SUPPLY/SELL zone that starts at 134 which is also a resistance area.
What I would expect to see next on this pair is for price to pop up towards the 134 zone and then SELL off so I will be looking for sell signals on the TRFX indicator as we approach this price or go above it into the SELL zone.
The for this move will be a NEW low in the current downtrend as you can see on the chart a nice target for this is the 125 level which is a previous strong resistance which should now act as a solid support and nice target for bears.
This trade may take a few weeks to play out though if it goes as expected above then there is 900 pips or more to be made on this pair.
Hope you enjoyed the post comment below if have any questiions
USDJPY 4H: 09/02/2023: Short opportunity!
Main Idea:
Well, here in the USDJPY chart we can see the bearish structure and we can expect the price to move downward.
For that, the price can rise till the supply zone and then with a low time frame confirmation, we can enter.
You can see all the important zones and levels on the chart.
If you have questions, feel free to ask.
💡Wait for the update!
🗓️09/02/2023
🔎 DYOR
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USDJPY Trading Plan - 8/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect USDJPY to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.