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Usdjpylongsetup

USD/JPY BREACH TO THE DOWNSIDE?Here we see UJ still in Buyers territory. As long as we are above the GWS the market is still bullish. The ares with price ballon are the ONLY area you will look to place your trades at. THATS IT!!! We could see the market bounce here @ 111.640 to Daily resistance @112.080. ALWAYS do a top down analysis every time you open your chart. Do it as a daily routine ever¥ morning and you will get better and better. Also stick with 1 pair and married it until you know how the pair moves. #SIMPLETRADING
Long
by CoreyT
book and appointment with you OPTICIANPrice has respected our trend line ( blue line ) broke resistance ( green line ) and is heading up to our TP zone ( green box ) Obviously this pairing is in an up trend as indicated by our trend line ( TL ) if you cant see that then go book an appointment with your optician ;p Also if you get the daily chart up on this pairing you will see the last 3 candles were bullish, this means buying power is strong, The weekly candle last week was a lovely big bullish candle and forming already on the monthly chart we have a small bullish candle forming. So all technical analysis is pointing to a buy, we will be waiting to see how the market opens tonight before jumping into this trade, if it opens as we expected we will take the trade, or we might wait until tomorrow to see how it plays out.
Long
by ApexFX_Pro
4
USDJPY - BEARISH - Intraday Pullback to $109.8 - 100 Pips #ForexUSDJPY - BEARISH - Intraday Pullback to $109.8 - 100 Pips #Forex On the H4 TF from Point A - $113.6 to Point B $106.8 We are now at 61.8% and see resistance. (111.000) I am looking for that resistance to be held for now and for price to have a small retrace for the H1 TF seen clearly on the H4 TF. Pulling out my fibs on the H4 TF from the last HL to the HH and on the M30 TF from the last HH to the last LL I see a confluence with the H4's 50% and M30's 61.8% both line up at $109.8 to that is my target. After that target I will close my Intraday sell and Continue buying for the main move which is to get to the resistance at $114.
Short
by FxProNow
USDJPY - POTENTIAL BULLISH CONTINUATION SETUP Hi Traders, The USDJPY reversed from a key support level that lined up with a daily ascending trendline then broke out of a resistance level. . The impulsive breakout labeled wave (i) blue is most likely to be part of wave 3 of larger degree. . Currently, the price seems to be building wave (ii) of 3, and it has the potential to move up towards wave (iii) target as planned on the chart. . We will wait for the corrective structure to reach our confluence area indicated on the chart then look for a breakout of the blue Counter Trend Line (CTL) for a long entry. . What's your thought about USDJPY? Let me know in the comment. . Wish you all a great trading week. Veejahbee.
Long
by Veejahbee
Risk [off] coming soon...=> After completing the ABCDE triangle formation we widely expected with the flash crash we are almost ready to turn down once more. Markets have retraced almost 61.8% of the leg and here expecting 110 to cap any further upside. => This key resistance will attract selling interest and act as a barrier for any meaningful correction. => To the downside we can see support initially at 109.4 followed by 108.8... Anything further would unlock 107.9 very fast after the ladder was cleaned. => After the weak inflation data from Japan we may continue to chop around for the next week before resuming lower. Timing wise this will coincide with earnings season finishing and risk entering back into our theatres. => Best of luck to all those who are trading USDJPY..I know most are sidelined for now after the monster move we caught a few weeks ago (see attached ideas).
Short
by ridethepig
1