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Usdjpytrade

USD/JPY SHORT SELL NOW... 💹USD/JPY ⏬SELL STOP @ 115.095 ((Scalping Trade)) ✅TP-1# 114.873 ✅TP-2# 114.650 ⛔️SL 115.414 N.B- MUST USE SL BECAUSE ITS WAVE CORRECTION ENTRY AND DOLLAR HIGHLY STRONG.PLZ! FOCUS TP1. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
Short
by AronnoFx
USDJPY: 1Hr Analysis on running Short! On 1Hr timeframe, Price is trading below 115.684 | 115.571 zone where Buyers had chance. Buyers next chance is at zones 115.493 | 115.279 and 115.449 | 115.170 If Buyers take control, 115.9ish could see retest for advance or decline. Conservatively, Selling pressure can be looked into following the Daily Idea at Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked
USDJPY Reversal Pattern - Turning BEARISH? 3 Options For Entry! Hi All, As you can see, I am bearish on USDJPY. I am expecting price to rise next week and hit the key levels on the image above, which we can start looking for momentum to the downside and confirmation that it will turn bearish for the medium term. Keep an eye on the key levels and see how price will respect and react to them! It should give you a really nice opportunity to enter your Sells! I hope this post can help you. I will be posting a simplified version with the "very likely" option, just so it can be clearer for you. Let me know your thoughts - whether you like any of the 3 ideas to take your own trades or if you are bullish in this pair! Have a great and profitable week all! Cheers, Gaspar_Trader
Short
by Gaspar_Trader
USD/JPY Analysis: Market could fall because of overbought zone. The USD/JPY continued its strong run last week, recording new daily gains on Friday in the US season. The pair remains poised for weekly advances of more than 1%. However, RSI is showing that the market holds onto an overbought zone that suggests caution to investors. So, we may see some profit-taking from this territory. USD?JPY may reward if prices correct lower due to increased risk appetite from traders following recent Fed statements and ECB meetings earlier this month. The FED and ECB were optimistic about future asset purchases by both central banks despite some uncertainty at present. It is one of the big reasons that the JPY is getting weaker against most major currencies. So, there is still the chance that USD/JPY may rise more based on fundamental analysis. But no one can ignore technical analysis. Based on price action, USD/JPY holds an overbought zone. So, it is expected that USD/JPY may sell-off because of profit-taking, but the overall fundamental trend may not change till the next FOMC meeting minutes. From the present rate of 114.20, the immediate resistance and reversal zone is 114.70 /115.00. Therefore, I think USD/JPY may reverse from this level to the 112.50 price zone before it rises again. To the upside, breaking above 115.00 will open the door for 116.00 (Fibonacci 61.8% Retracement Zone). USD/JPY may take some time to break above 116.00 because investors will wait for the next FED and ECB speech about asset purchase. In case the FED refuses to purchase assets this year, USD/JPY will drop massively. But if the FED starts the asset purchase program, there is more chance that the USD/JPY may revisit the 118.50/118.70 Price zone. On the other hand, from the present rate, immediate support is identifying at 112.50 price zone. Therefore, I expect the market to go for correction because of profit-taking from the current price of 114.20. Breaking below 112.50 will open the door for the 110.70/110.50 price zone. 110.50 hold as ascending trendline support and breaking below 110.50, next target 109.00. and finally 105.10.
by Gold_Trading_Expert
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