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Usdjpysignals

USDJPY | Perspective for the new weekThe US dollar appears to have regained bullish traction as we witnessed a bounce back and forth before the price finally broke out of the Key level @ Y130.800 to reveal buyers strength at this juncture in the market. As we all have noticed that the Yen is being sold off against almost every major pair in recent time, and following Higher US bond yields and hawkish Fed expectations the scenario painted here is not a different one at the moment. The present market structure could probably explain what is going on with the Japanese yen as I look forward to a buying opportunity on this one in the coming week. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline Observation: I. Since mid-September 2021, the USD recorded a 5.05% growth over the Yen to set the tone for a Bullish momentum in the long term. ii. Despite citing a reversal pattern after hitting a peak at Y114.700 in mid-October 2021; Sellers have been finding it difficult to push the price below Y113.400. iii. Bearish Trendline: A visual representation of resistance line drawn over pivot highs reveals the prevailing direction of price and speed of price in the last couple of weeks. iv. However, the Y113.400 Level has kept price "supported" in the last couple of weeks to suggest a decline in Bearish momentum. v. In this regard, it is obvious to state here that buyers have continued to pick prices up from Y113.400 hereby making this zone a significant demand level in the meantime. vi. Following a Breakout of Key level @ Y113.800 during last week trading session, I shall anticipate a Breakout of Bearish Trendline for signal confirming a rally in the coming week(s). vii. Even as above Key level remain a yardstick for taking a long position, I have identified a "New Demand level" on the chart for trading opportunities should the price plunge... Trade consciously!😊 NB: Considering the reversal pattern identified after hitting Y114.700, It is worthy to state here that a significant Breakdown of Y113.400 should render the narrative invalid hereby welcoming an opportunity to short the pair temporarily (correction phase) at a retest of the Demand zone broken. Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:4 Potential Duration: 4 to 10days 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
3
USDJPYThis week...UJ made a move that surprised us all and reached the point where it has reached only a few times in the last 15 years and which it has surpassed only 3 times ... in the next period I will only look for SELL ... but I will wait for October to close to enter the trade! if this month the UJ closes above the Fibonacci 618 and above the very strong resistance of the last 15 years (over which it managed to close only 3 times), then I will look for BUY up to level 786 Fibonacci ... otherwise SELL, SELL, SELL NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
2
USDJPY Best long-term sell placementUSDJPY is trading within a 5-year Bearish Fibonacci Channel but since April has been inside a Channel Up. Not only has the Channel Up reached the top (0.382 Fibonacci extension) of the Fib Bearish Channel but also last week the price entered a Resistance Zone that is holding since February 2019. This is not the first time we have seen a Channel Up reaching a multi-year Resistance. The very same pattern was formed in 2018, hit the Resistance in October 2018 by making a blow-off top and after consolidating within a Triangle, it aggressively dropped to the lower layers of the Bearish Channel. This Triangle has been seen within this Fibonacci Channel another 2 times, all of which made blow-off tops and declined aggressively. Notice how all peaks were accompanied by a 1D MA50-MA100 Bearish Cross. Our thesis is that this is the best time to sell USDJPY on the long-term (1 year horizon). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
7
USDJPY | Perspective for the new weekPrice did not move as expected from our last speculation on this pair (see link below for reference purposes) as Y109.200 became a very strong Demand level for the Yen. Tendency: Downtrend (Bearish) Structure: Breakout | Supply & Demand | Trendline | Harmonic pattern (AB = CD) Observation: i. In the last 10 days and since the price broke down Y110.100 (Demand zone on the chart), the Greenback has gotten a little choppy against the Japanese yen as indecision continues to reign in the market. ii. With the non-farm payroll coming up in the week, participants remain cautious about doing anything other than simply trading in short-term range bound moves. iii. Multiple rejections of Y110.200 which also coincides with a 61.8% retracement of AB leg insinuates a transition into a Harmonic pattern (AB = CD) in the coming week(s)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 move @ Y108.500 area. iv. Below Y109.800 Level (Key level) remains a comfortable area to take advantage of the intended Bearish bias as I look forward to a Breakdown/Retest of the Trendline in the coming week. v. And a further Breakdown of the channel at Y109.400 shall welcome an opportunity to add to our existing position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:3 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.
Short
by darcsherry
USD/JPY Updated Entries + ExitsHow To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
by ExclusivelyFX
3
USDJPY | Perspective for the new week With over 150pips move in our direction since my last publication (see link below for reference purposes); I have identified a trading opportunity we can take advantage of as the current structure reveals a possible reversal for a rally in the coming week(s). After plummeting earlier in the week against the Japanese yen, the USD turned around to show signs of strength again when the price broke out of Bearish Trendline (21st July 2021) thereby suggesting that the Greenback is on the verge of a potential recovery in the coming week(s). Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Reversal pattern Observation: i. Since the beginning of July 2021; we witness price action spiral downward after hitting a peak @ Y111.700 (the first high this year). ii. The price found a bottom around Y109.000/109.600 and we can agree that this zone has kept price "supported" between 8th & 19th of July 2021(2 weeks) with clues suggesting buying strength at this zone. iii. The Breakout of Bearish Trendline that happened on the 21st of July 2021 gives cognisance to my Bullish expectation as I look forward to the completion of the correction phase of Impulse Breakout to incite a rally continuation. iv. Above the Key level @ Y110.100 and Bullish Trend line (indicated on the chart) shall serve as an area for buying opportunity in the coming week as any move below this level negates my narrative so far. v. It is important to expect that the early hours/days of the new week "might" see a price drop to test the Neckline, Key level, Bullish Trendline or as far as testing the Bearish Trendline at around Y109.600 to incite a rally continuation. vi. Breakout/Retest of Y110.400 shall be an opportunity to add to the existing position... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 130 pips. Risk/Reward : 1:5 Potential Duration: 5 to 12days 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.) is high risk and unsuitable 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 before 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
USDJPY on a strong long-term sell signalThis is a long-term perspective of USDJPY on the 1M time-frame. The pair is printing a unique sell signal by both (a) entering the 3 year Resistance Zone where since March 2019 it has been rejected 4 times and (b) the RSI made a Double Top rejection where since October 2017 that has paved the way for a major fall. Right now the 1M MA50 (blue trend-line) is supporting and has closed the past 4 months above it. A monthly candle closing below it, has high probabilities of initiating the big correction that the above conditions (a & b) describe. The target on all past rejections has been the 1M MA200 (orange trend-line) which has been acting as the long-term Support. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> ridethepig --------------------------------------------------------------------------------------------------------
Short
by TradingShot
2
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 Sell signal until the end of the yearPattern: Channel Down on 1D. Signal: Sell as the price appears to be Double Topping outside the main volatility of this 4 year Channel Down. Every such formation outside the Channel within the -0.236 or -0.382 Fibonacci extensions has been a long-term sell signal. Target: The Lower Low trend-line of the Channel Down. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> mused_Aurorah --------------------------------------------------------------------------------------------------------
Short
by TradingShot
7
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