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Usdjpyforecast

USD/JPY 4HR CHART HEAD AND SHOULDERS SET UPHi everyone this is my trade set up for the USD/JPY for the new week ahead USD/JPY i think will push lower as it formed head and shoulders last week and closed below the neck line, so I expect a nice sell set up look for sell activity in the order block lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Short
by Costy13
Is the wave 5 completed for USDJPY?Is the wave five impulse completed for the USDJPY or will we see one more fake out to the upside to catch traders the wrong side? We're neutral about the price action at this point BULL CASE Price could break 115 again and this may bring price up to even the 116 levels before a major correction. If this happens the downside target will be larger at around 111. BEAR CASE Price could be ready to move down from here, If this happens, we're looking at the 112.7 levels before some support is met.
by IkanBilisCapital
2
Indecision for the USDJPYThis chart looks indecisive, the bias is to the upside. If it is going down, there's going to be a long struggle where price trades sideways for an extended period of time. From an elliot wave perspective, looks like it is due for a wave 5. BULL CASE Price to break farther up from here, retest the top of the channel and find a higher high. This could be a rather short wave and we may find rejection as soon as 115. BEAR CASE The downside should be rather capped for this pair and if there's a big one coming, it will need to trade sideways for a bit.
Long
by IkanBilisCapital
USDJPY at an inflection point.Is Biden going to drop Powel? That's the million dollar question. Inflation is on the verge of bursting out in the US, if that happens, we will see price break out of the channel to reach higher heights. Otherwise, a rejection at the top of the channel to remain status quo is set to play out. BEAR CASE Until proven otherwise, our bias is status quo, we are expecting a price rejection at around 95.5. BULL CASE If price breaks out convincingly, we will wait for a pull back to make sure it's not a fake out and go for a long. The retest at 95.5 after a break out is in our sights.
TVC:DXYShort
by IkanBilisCapital
USDJPY , Its time to sellHello guys According to last analysis about USDJPY we shown resistance zone and now the price is in it and it seems that is making a triangle and its ready to fall down We can be in position short with nice R/r and take profit until the 1st target and if the price can break the first target powerfully we can use our strategy for the second target And we check the chart in multi-time frame and in 1h time frame we took another acceptance for taking short position Dont Forget use stop loss and money management Previous analysis : Good Luck Abtin
Short
by Abtin00
UsdJpy- Rise to 118.50?There is no doubt that the overall trend for UsdJpy is strongly bullish and after reaching a recent high above 114, the pair corrected some of the gains. The spike under 113.30 support was short-lived and quickly reversed giving us a signal that bulls are here and are very strong Now UsdJpy is trading just under local resistance and a break looks imminent. Once we have this break we can expect continuation to the upside and 118.50 is my target for this rise
Long
by Mihai_Iacob
13