USDJPY Technical Structure >DailyTrading CFDs on margin carries high risk.
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Usdjpybuy
USDJPY - FOREX - 24. JAN. 2020Welcome to our weekly trade setup ( USDJPY )!
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1 HOUR
Bearish price action towards previous support
4 HOUR
Very bearish structure in smaller timeframes
DAILY
Good long entries for mid/longterm trend.
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FOREX SETUP
BUY USDJPY
ENTRY LEVEL @ 109.180
SL @ 108.690
TP @ 110.130
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
USDJPY bounced from support, potential for a further rise!
USDJPY bounced off 109.305 where it could potentially rise further to 110.257.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY approaching support, potential for a further rise!
USDJPY approaching support at 109.415 where it could potentially rise further to 110.454.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY bounced from support, potential for a further rise!
USDJPY bounced off 109.682 where it could potentially rise further to 110.454.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY potential reversal!
USDJPY expected to rise up to 1st resistance at 110.454 where it could potentially react off and drop down to 1st support at 109.682.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY potential reversal!
USDJPY expected to rise up to 1st resistance at 110.454 where it could potentially react off and drop down to 1st support at 109.682.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
My Idea on USDJPY for the weekIm looking for a bullish momentum on USDJPY but first a retest on 110.000 ZONE also keep a look out on a break of the uptrend, lets see how this week goes
USDJPY potential reversal!
USDJPY expected to rise up to 1st resistance at 110.855 where it could potentially react off and drop down to 1st support at 109.724.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
UsdJpy- consolidating above resistanceOn Monday, UsdJpy has broken and closed the day above resistance, finishing the day at 110.
The pair is consolidating now.
We believe the break is genuine and we could see the pair testing the 112 important resistance soon.
Strategy:
Buy dips above 109.60
SL @ 109.20
Target 112.00
USDJPY Market Outlook | Daily Forex Market BreakdownUSDJPY
Still going a bit sideways for the time being. As mentioned previously, keep in mind that key psychological levels such as 110.00 are very important in forex. I do like how this is looking at the moment, but we need to remain on the sidelines and let this pair play out a bit more. Especially since we are already in a trade with a YEN pair. Like I said watching very closely and if I see anything for us I will let you all know!
USDJPY Market Outlook | Daily Forex Market BreakdownUSDJPY
UJ pushed up very nicely hitting previously anticipated key level of 110. Its is important to respect the key psychological levels. UJ is at a make it or break out level. We need to be very cautious for fake outs, the more patient we are the clearer its true direction will become.
USDJPY to 111.78#USDJPY didn't react... The price broke important resistance. The last call could be at 110.450 area but we suppose this level won't be strong enough for a big short.
So USDJPY is going to 111.78 AREA. There it will decide what to do. Strongly bullish if it breaks 110.450
UsdJpy- flirting with resistanceAfter the false break of 108.50 support, UsdJpy has reversed aggressively gaining almost 200 pips in just 2 trading days.
The pair is trading in resistance level now @ 109.63.
A daily close above this level would expose 111.00 resistance and 112.00 furthermore.
A dive under 108.40 would negate this scenario
USDJPY: Fading opportunities plentiful USDJPY priced well for fading opportunities from here following a knee jerk reaction to US/Iran de escalations.
- Subdued VIX vol may see a large risk on event scenario as we enter equities earning season.
- Response to US/Iran sanctions may see capital flow into JPY
- +5.00% move on the ticket on a technical break and conviction through the 200DMA.
VIX Analysis Update
USDJPY Symmetrical TriangleUSDJPY has formed a symmetrical triangle which may lead to a bullish breakout. Other chart patterns present include a successful descending scallop, which led to a large bullrun.
#USDJPY, Will the increases hold up?There is a very strong support line at $ 104.6 as you can see in the graph above.
Mini resistance at $ 109.6
The USDJPY is still accompanied by a green Ichimoku cloud which is a bullish sign but the candles are not yet above the cloud which is the ideal in a buy signal.
According to the Stochastic USDJPY in Oversold, this is the ideal time to buy.
RSI is in a very low area which is also a bullish sign.
Goal: 109.5
Stop loss: 107.65
USDJPY long trade @Day chartUSDJPY
The long term downtrend was broken in September 2019..The major upside resistance is 109.500.
And this pair trading in a range and will fall towards 107.450.
From this level we can open long positions and potential take profit will be 110.500.
Stop lose may placed at 106.500 level.
USDJPY Market Outlook | Daily Forex Market BreakdownUSDJPY
Still stuck in a bit of consolidation. We look like we could be rejecting off some support. Been way too choppy for my liking. I believe UJ could start climbing back to the upside, we could push lower first before we see a push up.
USDJPY reversed from resistance, potential drop!
USDJPY reversed off its resistance at 108.889 where it could potentially drop further to 108.420.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/JPY LONG TERM SWING SET UPBuy USD/JPY
Entry 1 108.484
Entry 2 108.390
Sl 108.240
Tp.1 108.890
Tp.2 109.120
Tp.3 109.480
