Expecting Uj to reach 134.500 - 134.600 level before making any sudden movements from price action. Price could make another retest near 133.800 for another buying opportunity. Decisions that were made from the federal revere last week will cause the buyers to keep pushing the dollar (DXY) in long positions. Overall, Uj is slowly breaking the resistance area...
EN The pair is retesting for the 4th time the bottom of this bullish channel with price forming lower high. A range has formed which looks similar to the january range so the same scenario could occur. I already took the trade because of the 2 pin bars but to confirm the bullish trend, the price has to breakout the current price range (132.90). Price action...
Hey Traders, USDJPY was trading in a downtrend and successfully managed to break it out after some hawkish comments from fed Waller about inflations concerns and there's still more work to do from Fed Powell so the market is pricing another 25 bps rate hike which had triggered Dollar strength. Technically we will watching a potential retrace of the trend from 133...
What are y'alls thoughts and ideas on UJ? I'm waiting for the demand zone to hit and then I am long!!
Hello,Friends! Previous week’s green candle means that for us the USD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 133.222. ✅LIKE AND COMMENT MY IDEAS✅
📌 Potential BUY setup for USDJPY 👨💻 Technical: A lot of bullish momentum, weekly down, however, all other timeframes are moving up, recent daily break of moving averages suggests a further push to the upside. 🎯 For an ideal entry: There is a good chance that this trade would have a retracement back towards the moving averages before continuing further bullish...
SHORT USD JPY price is unable to pass the resistance and is getting multiple rejections at 134.214
In this chart, we can see the CRAB harmonic pattern printed, it's a bearish reversal chart pattern. At the moment price action is between the PRZ , we can also see the bearish divergence printed at the PRZ. The entry point will be just below the PRZ, and the stop loss will be above the higher high of the PRZ. Take profit according to risk to reward...
Wait for break out and retracement in this zone. enter with 1.4/1 RR 1% risk! Good luck!
So far profits taken on Dollar Yen longs .Will keep 2 trades open and trail stops to see if there could be a break of resistance
breakout continuation pattern forming right before the news increases volume 134.6 first resistance level to break.. also there is a 4hr inverted head and shoulders
USDJPY is trading in a rising wedge pattern, and the price is testing the ceiling of the rising wedge from where a rebound is to be expected towards the target bellow we are monitoring USDJPY for a selling opportunity once we will receive a bearish confirmation the trade will be executed...trade safe
Price is clearly in uptrend and making a retracement and expecting confirmation on level 133.278 and I will be buying
I have been closely monitoring the movements of USDJPY, and it is clear that the pair has recently shown some signs of weakness. However, it appears that USDJPY may be in the process of forming a bullish structure once again. Based on my analysis, I believe that the price could potentially reach key resistance levels in the near term. Additionally, there is...
USDJPY Analyze Generally the direction is uptrend and price trade at the bullish channel above 133.72 the price will try to reach 734.39 and 134.99 under 133.72 the price will retest again to 133.04 and 132.36 support line : 133.72 , 133.04 , 131.57 resistance line : 134.39 , 134.99 , 135.87
Since USDJPY reached an important structure low in March, the market is correcting. The pair is accumulating around a key horizontal resistance cluster. Look for a bullish breakout of 134.06. A daily candle close above that will confirm a violation. A bullish continuation will be expected at least to 135.0 level then. I will post an update after a breakout...