USDJPY approaching support, potential for a bounce!
USDJPY is expected to drop to 1st support at 108.123 where it could potentially react off and up to 1st resistance at 107.573.
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Usdjpylongsetup
USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its downside confirmation at 107.573 where it is could reverse down to its support at 106.793.
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USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView
Point A: 110.67
Point B: 106.8
Point C: Entry - 108.47
Point D: TP - 105.73
SL - 109.1
I would not be surprised if price continues to the upside for more of a retracement BUT doesnt matter I would still look for price head to the downside for the actual main move.
USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingViewUSDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView
Point A: 110.67
Point B: 106.8
Point C: Entry - 108.47
Point D: TP - 105.73
SL - 109.1
I would not be surprised if price continues to the upside for more of a retracement BUT doesnt matter I would still look for price head to the downside for the actual main move.
USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 108.715 where it is could reverse down to its support at 107.561.
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Losses can exceed the initial investment so please ensure you fully
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USDJPY: 2Hr - No Move Till Retrace to 108.1 #Forex @TradingViewUSDJPY: 2Hr - No Move Till Retrace to 108.1 #Forex @TradingView
So, the bears are strong... Nothing to worry about...
Only see price heading to 108.1 then starting to consolidate...
NOW, the LH didnt really seem like the best pullback
SOOO that may get broken so there is a possibility that price even passes 108.8
I do not really see that being the case though...
USDJPY approaching resistance, look out for potential reversal!USDJPY is approaching its resistance at 107.816 where it is could reverse down to its support at 107.303.
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Losses can exceed the initial investment so please ensure you fully
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USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow
Point A LH: 109.9 Bearish Wick
Point B LL: 107.9 Bearish Wick
Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of support at 107.9 that leads me to believe that the last LH at 109.7 was ACTUALLY a LH. But the best entry we are now looking for will be found after the pullback of the broken support. So we are looking for price to pull back to 108.1.
Point D TP: 107.3 - Since this is not the best entry and we are basing our trade on the H4 TF this is not my ideal trade so we are only looking for the short term push... But I will have 2 trades going, 1 to end off at 107.3 and another to just run to the 105 region.
SL: None
USDJPY approaching support, potential for a bounce!USDJPY is approaching its 1st support at 107.492 where it could potentially bounce to its resistance at 1st resistance at 108.098.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDJPY approaching resistance, look out for potential reversal!USDJPY is approaching its resistance at 109.012 where it is could reverse down to its support at 108.147.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.