Hey Trader, Check out this analysis on USDJPY. A long entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe.
#USDJPY It's Time For Big Big Short.. We are fully short on #usdjpy...if this analysis is correct then we will keep posting on forex in the future
As we all know that the economic condition of Japan is not fine, and they are also facing natural disasters. I still believe that Yen will remain weak in coming week. Better to look buying opportunities on such pairs which have YEN.
Given the current bullish trend and the contrasting monetary policies between the Federal Reserve and the Bank of Japan, the USD/JPY pair appears to offer a good buying opportunity in the short term, especially before the release of pivotal U.S. economic data. Always remember to manage your risk effectively. TRADE IDEA DETAILS CURRENCY PAIR: USD/JPY CURRENT...
The USD/JPY currency pair is poised for a rally, fueled by anticipation of the US CPI data and the USD's strength. Market sentiment leans bearish with the expected S&P500 opening and recent global oil price trends may force the Fed's hand in rate hikes. Meanwhile, the BoJ shows optimism towards inflation targets, and Philadelphia Fed President advocates patience...
Sell Now@ 132.820 SL@ 133 TP1@ 132.540 TP2@ 132.100 TP3@ 131.400 TP4@ 130.550
#USDJPY ( U.S Dollar /Japanese Yen ) - IMPULSE CORRECTION IMPULSE in Long Time Frame #LTF, Completed Corrective Waves " ABC " - SYMMETRICAL TRIANGLLE in Short Time Frame #STF and Breakout of the Lower Trend Line - Strong Selling Divergence - Breakout of the Demand Zone
Might be a little bit early. Wouldn't be surprised to see a short squeeze before this melts
Hello Traders Bullish BAT pattern Price gets a rejection on rising support here we have two bullish signals at this point
The major is extending downside for the third consecutive session, outlook is bearish. Price action has slipped below 5-DMA and is on track to test 21-EMA support at 133.21.
4H timeframe price is continuing to downtrend. Creating a range, we want to sell high. Fibonacci range 78.6% - 88.6% is the discount area. Entry is based on multi-timeframe analysis + institutional move + fib zone. If price continues to go beyond previous low, will update on new idea as the trade has left without us.
Technical indicators for the pair remains strongly bullish. The pair is poised to break above 118 handle. Next major bull target lies at 118.66 (Dec 2016 high). On the flipside, daily cloud is strong support, weakness only on break below. The major is extending bullish streak for the sixth straight session and has refreshed multi-year highs. Russia's attack on a...
Japanese yen became strong enough against the USD after the CPI report was released. Though the price index increased, it seemed not manageable, and the USD fell apart against all the major pairs. USD/JPY is hovering nearly the trendline support zone. 114.40/35 is immediate and trendline support; after breaking below 114.40/35 USD/JPY may drop more nearly 113.32...
This is my current outlook on UJ. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Practise proper risk management and patience. #TradeLikeMagnatrio
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I am bullish on this pair. It has impulsed bullishly, and looks to complete the correction phase. I am looking to catch price as it is overextended to the downside at support... and buy! No confirmations, no trade! I am monitoring for bullish PA at support, for a valid entry.
I've been following the UJ Buy Trade for several weeks (closed out in profit on one trade, currently in a Position buy trade on this one). Looking for another key entry point for a longer position buy trade on UJ. If you want in, please refer to the second position to the screen right for the parameters. As always, use proper risk management, as the stop loss is...