USDJPY outlook for this weekMy previous post uploaded in portrait and cut out the whole post.
Re posting the full chart. See the previous post description for my view.
Yenpairs
CHFJPY ready for sellWe are looking at a potentially completed corrective structure with MACD divergence on 8hours. All YEN pairs are at extreme levels. Let's wait for the price to break the structure and look for sell entry.
Maybe the top is hereThe yen's devaluation movement loses strength in the face of the external scenario and deterioration of purchasing power. The price should slowly move towards the base of the previous accumulation to gain force and perhaps retest its top, stuck in this region for a longer period. I don't believe in anything much more than 116,500, but in a probable reversal towards 110,000 throughout the year.
Yen Index (japan Index Ready to fallYen Index (japan Index Ready to fall on supply drop base drop
when market approach on supply wait for h4 confirmation then sell
EURJPY no reversal yet, so ride the trendIf you know me then you also know Red is monthly fib, Weekly fib in blue and short term in Pink. You see gray fib, that's a big support, resistance whatever you want to say but that's the zone to look for.
Let's not fight the trend yet, it has gone fast to 131.85 and stalls there and everything tells me that it is way up to the trend line at 132-133. Now short term traders need to wait for any shorting . And people who trade 4 hours and 8 hours can happily ride from here to 132.5+ with a stop loss at around 131.20. What happens next, well as long as it does not touch 133.478, the resume to lower will start once but that is way too far for now.
EURJPY going up up up!EURJYP and the others mayor pairs against the JPY have broken the downtrend from 2008. EURJPY is forming a bullish flag and is highly probable that the price breaks out and continues its uptrend. I marked up the resistance levels to take partial profits. I'm planning to hold this trade for months since is a high timeframe but with big moves. If the price breaks out the resistance levels in the weekly timeframe I will add to my position. Is the price drops back down to the triangle area and closes in the weekly timeframe within it, the trade is invalid. The double bottom is pushing the price to the upside. Is going to be a choppy ride but the risk reward is worth it.
GBPJPYPrice is moving in the channel long position within the channel and short position will work after breakout.
USD/JPY Technicals Show Chance for Major Move Lower The Japanese Yen strengthened against the US Dollar for a second week, with USD/JPY slicing below its 50-day Simple Moving Average (SMA) in the process. This comes after the pair rose to its highest level since January 2017 earlier this month.
The formation of a Bearish Engulfing Candlestick on the weekly chart sent a signal to Yen bulls last week. That, along with rejection from the 61.8% Fibonacci retracement, highlighted a strong level of resistance. The Relative Strength Index (RSI) is also showing some bearish divergence (highlighted by the red line in the chart).
Altogether, it looks like USD/JPY could be at the start of a longer-term downtrend. If so, a drop to the 38.2% Fib at 109.26 may be on the cards.
EURJPY Target Price 130.6962H Chart (Candlestick Closed Above Level)
4H Chart (Bullish Engulfing Candlestick)
Watch For Bullish Price Action Signals At The Support Levels. Watch for signals at the EMA 10 Level, EMA 20 Level, Trend Line Level, and Horizontal Line Level.
USDJPY Resistance Level At 114.970USDJPY. If price closes above 114.970, then watch for a bullish price action signal on the retest.
SHORT on GBPJPY Pound Yen pair - Bearish Divergence !Description as shown in the charts.
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USDJPY long trade ideasMoving similar to GBPJPY I'm looking for a pull back then possible long trades for a continuation move higher.
GBP/JPY SELLif you look at CHART on the circle where the heart is, you will notice there is also a buyers trap because it wicked back 40 pips that was the highest point the market went recently.
then you can see the next 2 days it came up and it never hit that highest point again. then it got exhausted at 148.984 and it just dropped.
it has been a lot of sellers at the current level in the past to. and you must remember the market repeats it self so we do not trade the future we trade the past.
Market looks it can drop from here considering the bears look like they are in control. 146.988 is take profit
CHFJPY | Trailing Stop Loss To 123.516; 122.943;CHFJPY. Yen Pairs are showing strength. So I decided to enter short positions with a trailing stop loss.
Right Now, Yen Pairs Are BearishSee the charts below in how I entered on a retest of the diagonal trend line. In this process, I am trailing my stop loss.
USDJPY SHORT U/J showing signs of reversal (15m-30m) towards the downside, as price has reached a level of resistance and shows sign of dying momentum at the peak.
RSI revealing divergence a great sign of price reversal
Will enter for a Short position when MA cross and SARS are indicated above candlestick confirming bearish trend.
DYOR NOT FINANCIAL ADVICE
Comment thoughts below
Best,
Kwmae
USDJPY LOSING STEAM? - 10/05/2021HELLO TRADERS,
Quick Overview of USDJPY>
After a Bullish run to the 112 handle last week,
we are expecting a potential bearish correction to the downside to complete a Bull flag formation.
KEY RESISTANCE 111.400/600 AREA
OANDA:USDJPY
POTENTIAL BULL FLAG FORMATION UNDERWAY
Always trade only with what you are willing to lose.
The Trading Regime.
EJ outcomes in the coming few weeksThis pair is just as crucial to watch out for just as GJ and UJ, as they all will majorly depend on how Japanese yen move in the coming days. As we all know whats going on with the Evergrande situation, if they say anything about defaulting on their current debt, investors will look toward putting their money in jpy as it is considered a save haven during situations like these.
EURJPY IS on consolidation FX:EURJPY EURJPY is on consolidation, you have to wait, if the candle H4 break for next confirmation
USDJPY POSIBBLE TRIPLLE TOPThe price hit the resistance and got pullback by candle bearish engulfing form, wait for the next confirmation before we place any trade, if the next candle make a bearish continuation structure then we can entry short for USDJPY
GBPJPY short opportunity Looking for price to initially push up and to reverse in anticipated direction
EUR/JPY_4H_ShortShort Position has taken. Price broke a demand zone in 4H timeframe and it did a pullback.
It is a Short-term bearish target. The tp is the next demand zone.
R/R = 1:1.63
