USDJPY: Dollar remains King!!USDJPY
Intraday - We look to Buy at 128.34 (stop at 127.42)
Buying pressure from 128.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Preferred trade is to buy on dips.
Our profit targets will be 130.47 and 130.75
Resistance: 129.50 / 129.75 / 130.00
Support: 129.25 / 129.00 / 128.75
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Usdjpysignal
USDJPY | follow-up detailsThis is a follow-up detail to my previous speculation about this pair (see link below for reference purposes). So in this video, I explained how I plan to take advantage of a buying opportunity.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDJPY | Perspective for the new weekUSDJPY traded up and down as participants anticipate Fed speak during the course of last week's trading session after which we witnessed a spike down into the buy opportunity area around 128.5 that we identified at the beginning of last week's trading session ( see link below for reference purposes - Following the test 128.5 was the appearance of a reversal pattern which might be the basis for a bullish bias going into the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDJPY | follow-up detailsThis is a follow-up detail on the USDJPY that was published 2 days ago (see link below for reference purposes) where we were expecting the price to retrace to a minimum of 129.1 but It appears the price is finding it difficult to break the support level at 129.500 which shall become our new demand zone if this level continues to hold price action. In this regard, we should be looking for a breakout of a new key level for a bullish signal in the nearest future.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDJPY | Perspective for the new week | follow-up detailsA follow-up detail on the USDJPY that was published sometime last week (see link below for reference purposes) where we locked in about 300pisp from our second entry.
Despite a considerable pullback from two-decade highs (which kicked us out of our first entry)during last trading week's trading session hereby edging lower some 0.52%, amid broad US dollar weakness; the bullish momentum that began at the later part of last week's trading session appears to submit a signal that participants still have confidence in the Greenback.
So, the key level identified $129 area shall be our yardstick for either a bullish (which I think is very likely) or bearish (retracement of the long-term uptrend) momentum going into the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDJPY | New perspectiveConsidering the long-term bullish momentum on the USDJPY where we continue to see the Greenback grow immensely against the Yen in the last 4 months; I am looking forward to a buying opportunity above the key level identified at the 128 area. However, should a breakdown/retest of the bullish trendline on the 4H timeframe... we might be looking forward to a retracement. I shall keep an update on this trade in the comment section on my Tradingview account.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDJPY 4H Projection USDJPY 4H Projection
My view on USDJPY for 4H.
USDJPY Elliott Wave(5 Wave) Structure is over now
USD-JPY was trading in an uptrend
For a very long time
But now we are finally seeing a bearish breakout
And as the correction is overdue
I am expecting a move down
Towards the target below
Sell!
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USDJPY | New perspectiveWe were able to close our last position on this pair with approximately 210pips (see link below for reference purposes) and now we are likely at a juncture in the market where another opportunity to buy appears to be evolving. The identification of a consolidation phase sitting on a strong bullish trendline on the 1H timeframe is probably a signal of a bullish momentum building up.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.