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Usdjpysignals

USDJPY | MY PERSPECTIVE FOR THE WEEKWith over 100pips in our direction since my last publication (see link below for reference purposes); we continue to experience an appreciation in favor of the Yen as the Greenback resumes her decline late into the Asian session of Friday as traders absorb the implications of the Fed's policy shift; herby extending its slide to touch its lowest level since mid-August 2020. Tendency: Downtrend ( Bearish ) Structure: Trendline | Supply & Demand Observation: i. Price action continues to respect Day chart Bearish Trendline since February 2020 as market closed on Friday with a significant Bearish engulfing candle. ii. Breakdown of Support @ 105.500 coincidings with Breakdown of Bullish Trendline reveals the strength of Sellers in the market at this juncture as I anticipate a further Breakdown of structure @ 105.000. iii. It is advisable to look out for correction in anticipation of a decline in the coming week(s). Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward: 1:3 Potential Duration: 3 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Short
by darcsherry
USDJPY | MY PERSPECTIVE FOR THE WEEKWith over 120pips in our direction since my last publication (see link below for reference purposes); The Greenback made efforts to pull back against the Japanese yen for a majority of the week but got capped at 106.200 level as the Yen fights for value by pushing price back into my Key zone. The key zone has been supporting price since the beginning of the month with signs that the Bears are finding it difficult to break through this level which suggests a more flexible trading approach in the coming week. Tendency: Downtrend ( Bearish ) Structure: Trendline | Reversal Structure (H & S) | Supply & Demand Observation: i. With line drawn over pivot highs since begining of July 2020, the emphasis on Bearish tendencies keep increasing. ii. H & S: A pattern formation at the peak of a Correction move at the beginning of the month (Aug. 2020) appears as a baseline with three peaks (outside two close in height and the middle is highest). iii. A further Breakdown of my Key zone in the following week(s) might be my signal for decline continuation. iv. It is worth noting that my Key level as served as a major demand zone since the beginning of the month which signals that it still has the Buyers' strength. iv. In as much as I am joining the Bears this week, fluidity is very key as a Bullish engulfing candle from my Key zone my render this set-up invalid with a possible rally in the air! Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:4 Potential Duration: 2 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Short
by darcsherry
USDJPY | MY PERSPECTIVE FOR THE WEEKWith 30pips against our direction since my last publication (see link below for reference purposes) on this pair, the price has found its way to complete a 127.2 extension to incite a reversal structure. It is worthy to note that the Japanese and US statistics headed in opposite directions this week to make the USD/JPY the only major pair to witness the Greenback appreciate last week. Tendency: Downtrend ( Bearish ) Structure: Harmonic (AB = CD) | Supply & Demand Observation: i. The Bullish run since the beginning of the month appears to be stalling at my Supply zone as those who took advantage of the run are doing quick sells. ii. Confirmation of a Harmonic move (AB = CD) might be a result of a rejection of my Key Level @ 106.500 for a decline. iii. ABCD expectations; a. Impulse A-to-B expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 50.0% 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 move. Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:4 Potential Duration: 2 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Short
by darcsherry
USDJPY | PERSPECTIVE FOR THE WEEKAfter waiting all week, the US payrolls delivered numbers good enough to rally the Greenback back to its recent high but not strong enough to cushion the negative COVID inspired dent on the US economy. After moving over 200pips in our direction since my last publication on this pair (see link below for reference purposes), price did a correction to form what looks like a Double Top at my Supply zone in anticipation of what looks like a decline in the following week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Retracements Observation: i. Retracement of Impulse Leg culminates at Supply zone with a structure similar to a Double Top after a Bullish run on Friday. ii. The expectation of a Harmonic move (AB = CD pattern) will be high after completion of retracement is confirmed. Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:5 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Editors' picks
Short
by darcsherry
10
USDJPY | WEEKLY PERSPECTIVEThe Greenback began a downward spiral at the beginning of last week as it came under strong Bearish pressure with the souring market sentiment to Breakdown my Key level @ 106.500 later in the week. With over 125pips in our direction since my last publication on this pair (see link below for reference purposes); the scope of the USDJPY pair to extend the decline becomes more pronounced. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Support & Resistance | Supply & Demand Observation: i. Price action fell into an indecision pattern since early June 2020 to finally Breakdown of the Channel late last week. ii. Breakdown off of 106.500 signals an extension in the decline of the USD as I anticipate a correction into this level for rally continuation. iii. A Breakdown coinciding with Bearish Trendline @ 106.000 further confirms my bias. Trading plan: SELL confirmation with a minimum potential profit of 160 pips. Risk/Reward: 1:3 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Short
by darcsherry
USDJPY | WEEKLY PERSPECTIVEIt was all Bears for the US Dollar especially during the latter part of last week as it continues to lose value against multiple currencies and the Yen was not left out in the gains! Breakdown of my Key level @ 107.300 last week evolved into a structure similar to AB = CD pattern with an expectation of correcting into 107.300 in anticipation of a down rally in the following week(s) seems feasible. Tendency: Downtrend ( Bearish ) Structure: Breakout | Harmonic (AB = CD)| Support & Resistance Observation: i. The fall of the USD since the beginning of last month (June 2020) appears to continue as it Breaks down my Key level once again. ii. ABCD pattern a. Impulse A-to-B in harmony with the potential B-to-C 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 falls at 1.414% Fib. ext. of the A-to-B move. iii. Expecting a possible correction into my Key level zone before downtrend continuation in the following week(s). Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 2 to 8 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Short
by darcsherry
USDJPY Buy SignalPattern: 1D Channel Up. Signal: Bullish as the price found support on the 1D MA50 making a Higher Low within the pattern. Target: 109.800 (the Lower High on the 2019 Descending Triangle). *note: if the Golden Cross (1D) takes place you may extend buying up to 111.800 as it happened in July 2018). If the Golden Cross fails to form, abort as another sharp decline towards the 1M Support would be possible). This is an idea I first accurately calculated in August on the exact 105.00 bottom (see the chat below):
Long
by TradingShot
USDJPY - SELL NowLook at the Fibo level s and resistance. Strong resistance which is tested couple of times but couldn't break. 200EMA & Bollinger bands working as a resistance too and UJ is overbought situation as well. In the mean time "W" pattern was formed in the chart and price starting to bearish movement. Note: Trade at your own risk. We are providing free forex signals. You can join clicking below telegram link or comment your telegram username we will add you there. Join with us for free signals Telegram - t.me Facebook - www.facebook.com Twitter - twitter.com Website - www.forexcaction.com
Short
by Forexcation-Investing-lk
USDJPY - Sell NowUSDJPY Sell Now... Middle of the bollinger band line is crossing the 50EMA means its a starting of a bearish movement. RSI shows that when its comes down from towards to up and if its turn from the 55.33 level (red line in rsi) price will come down for certain area. It means there is a confirmation of USDJPY is good for sell now. Take profit area mentioned as yellow box and SL is up to you. Note: Trade at your own risk and this analysis is without any fundamentals. Like and Comment us.
Short
by TuanMSallay