USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 106.638 where it is could reverse down to its support at 106.238.
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Usdjpylongsetup
USDJPY - CRASH SOONUSDJPY is currently flirting with support, I anticipate once its broken its gonna fall quickly to the bottom again..
We can see in this chart price has broken and been rejected at this level several times but it will very soon break it and hit the floor
May be a while before it reaches its highs again
USDJPY BUY IDEA** JUST AN IDEA. NOT A SIGNAL **
I look to see a bullish behaviour from the trade to about 107.420.
Momentum has been lost over the few days however we can see a pattern is forming.
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USDJPY Analysis FOR SHORT TERMThe level price of USDJPY is evolving under the VWAP, each time the price approach the VWAP, it goes back to the hallway fixed by the Pitchfork indicator.
Until now, signs show that USDJPY is going down FOR SHORT TERM.
A change could happen once we have an increasing break of the VWAP, and the resistance of pitchfork indicator.
USDJPY
USD/JPY Technical Analysis.Currently, USD/JPY is trading at 108.51. The pair started a new up trend after breaking resistance level at 107.86. The price was consolidating in the resistance and support wedges before starting new up trend. It is moving towards its first target which is at 109.06 and if it crosses the first target it may also hit the second target at 109.80.
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Rishikesh Lilawat
USDJPY maintains structure. Next stop, 108.70?USDJPY continues to maintain structure, finding support around the 107.40 zone
If price can close above 108.10 we could potentially see price break out of the channel, pushing back up to 109.37
If you have any questions please feel free to comment below.
Can You Trade Forex With Our Strats, Absolutely! (USDJPY)Hello forex traders! 😁
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You can clearly see the buy and sell opportunites on this example of USDJPY 15 minute timeframe.
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U.S. DOLLAR / JAPANESE YEN (USDJPY) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.