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Usdjpysignal

USDJPY Technical Analysis Welcome back Traders, Investors, and Community! Here on USDJPY The price has got rejected from the Resistance zone with series of red candle. It also has made lower highs which indicates the Bearish trend. It may get a Pullback at 110.8 but then it will go lower to the Support line which is the lower band of the channel. If the price breaks below the Support there is a high chance that it goes lower to 109.10 but we need to see confirmation after the breakout in the lower time frame. Traders, Please hit the 👍 LIKE button if you like this idea and if you have your own opinion about this, please write your it in the comment box . We will be glad for this. We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Short
by Fibonacci-Signals
3
USDJPY Technical Analysis Welcome back Traders, Investors, and Community! Here on USDJPY The price has got rejected from the Resistance zone with series of red candle. It also has made lower highs which indicates the Bearish trend. It may get a Pullback at 110.8 but then it will go lower to the Support line which is the lower band of the channel. If the price breaks below the Support there is a high chance that it goes lower to 109.10 but we need to see confirmation after the breakout in the lower time frame. Traders, Please hit the 👍 LIKE button if you like this idea and if you have your own opinion about this, please write your it in the comment box . We will be glad for this. We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Short
by Fibonacci-Signals
7
USDJPY Bearish Reversal UnderwayHI traders, USDJPY has been making series of overlapping three-wave pattern. This pattern can be easily labeled in Elliott Wave as an ending diagonal. Ending diagonal usually forms at the end of a trend and leads to an explosive reversal. If this count is correct, we should expect more weakness in USDJPY in the weeks ahead. Target below the origin of the diagonal, wave 4 low, is plausible in the weeks ahead. What's your view on USDJPY? Let me know in the comment.
Short
by Veejahbee
USDJPY | Perspective for the new week | Follow-upWe experienced a 125pips move since my publication on this pair last week (see link below for reference purposes) and it appears that the correction of the Impulse leg is done as I anticipate another rally in the coming week. Even has the Greenback fell during the trading session on Friday, but the structure evolving at the Demand zone reveals signs of life again hereby making it difficult for me to short this market! Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Harmonic pattern (AB = CD) Observation: i. In the last 9 days, the Bullish Trendline structure reveals the prevailing direction of price action. ii. Trendlines applied to the highs and the lows of price action insinuate a well deserved Ascending channel which gives a positive bias for a bullish momentum in the coming week. iii. The significant Breakout of Key level @ Y110.130 on the 16th of June 2021 expresses the strength and capacity of the Buyers at this juncture in the market as the level (Y110.130) which resisted price prior to the Breakout appears to become a new level of Demand @ 78.6% retracement. iv. With this set-up, I am looking forward to an ABCD pattern transition with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ 111.200 area. v. With the new Demand zone coinciding with the possibility of a Trend line continuation, It is advisable to stick to buying opportunity above Key level @ Y110.130... Trade consciously! :) Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:5 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. 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.
Long
by darcsherry
USDJPY Bearish Continuation SetupHi traders! Hope y'all having a great weekend. Let's quickly take a look at the USDJPY 2 hourly chart. The decline from wave (y) high is very sharp and impulsive and breaks the previous bullish structure. According to Elliott Wave theory, a three-wave correction follows every impulse before the market resume in the direction of the impulse. The rally from wave (i) low can be seen as the correction and it has already retraced about 61.8% of the impulse leg. If this count is correct, once the correction is completed we should see another sell-off in wave (iii). Any further rally must stay below the invalidation level for this setup to remain intact. What's your view on USDJPY? Let me know in the comment. Thanks for reading!
Short
by Veejahbee
USDJPY | Perspective for the new weekWith over 500pips run since my last publication on this pair ( see link below for reference purposes); the Bullish momentum appears to be very strong considering the significant Breakout of the Supply zone on the 29th of May 2021. The Greenback continued to push higher as the price hangs just above the Y109.000 level. In this regard, I shall be looking forward to a rally continuation as anticipation of a transition into a Harmonic (AB = CD) pattern remains high. Tendency: Uptrend (Bullish) Structure: Breakout| Supply & Demand | Harmonic pattern (AB = CD) Observation: i. Bullish momentum that began in January 2021 is still in course as we witness an accumulation phase in the last 2 months (observe weekly chart). ii. The Supply zone which held the price "Resisted" for 29days was finally broken on the 29th of May 2021 to give Buyers the momentum it requires to push for a rally. iii. Since the Breakout, the price has remained "Supported" at Y109.200/109.500 (duration of two weeks) hereby providing the Buyers with a safe haven for future buying opportunity from this zone. iv. With this set-up, I am looking forward to an ABCD pattern transition with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ 111.000 area. v. Buying opportunity remains above Key level @ Y109.500 as any situation below this level renders this narrative to be invalid... Trade consciously! :) Trading plan: BUY confirmation with a minimum potential profit of 130 pips. Risk/Reward : 1:7 Potential Duration: 2 to 5 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. 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.
Long
by darcsherry
2
USDJPYAs I said in the last weeks ... UJ went up as I said last weeks and approached the trend line and rejected from the area 109,800 where there is a very strong resistance! .... even if maybe it will go up 30-40 pips UJ will reject from the trend line and will go down to the 107.800 area or even 106.800 from where ... UP AGAIN! THIS WEEK...as I said last week, UJ has forced the trend line formed in recent years and strongly rejected! UJ is in a range area between 110,200 and 108,200 but as you can see from the trend line for 1 week and from the Fibonacci for 1 month ... it is a lowering range reason why I will continue to look for SELL even if UJ will test the trend line again! | However ... a close even for 1 day above the trend line forces me to think of BUY until the Fibonacci 0.5 area from where ... DOWN AGAIN NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
3
USDJPY SHORT IDEAThe USD/JPY pair hit 110.19 on Friday, its highest since early April, retreating afterwards to close the week with gains in the 109.80 price zone. The pair soared amid the prevalent dollar’s demand, easing ahead of the close on the heels of lower US government bond yields. The yield on the benchmark 10-year Treasury note peaked for the day at 1.62%, settling at 1.58%. Meanwhile, Wall Street managed to close in the green, although gains were limited as higher US inflation figures weighed on the investors’ mood. Therefore, the Bearish bias will be suggested in the upcoming sessions unless breaking 110.50 and closing with a daily candle below it .
Short
by SaraSadki
USDJPYAs I said in the last weeks ... UJ it went up as I said in the 109,800 area from where it rejected strongly and now I will look for SELL up to the Fibonacci 0.5 area and even lower to the Fibonacci 618 and from there .... BUY up to 112,300 THIS WEEK...UJ went up as I said last weeks and approached the trend line and rejected from the area 109,800 where there is a very strong resistance! .... even if maybe it will go up 30-40 pips UJ will reject from the trend line and will go down to the 107.800 area or even 106.800 from where ... UP AGAIN NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
2