Usdjpylongsetup
USD/JPY - The next few hoursAt this point USDJPY is at the Resistance level of 113.200, if it will break and close above the Resistance level we could see a raise to 113.650. If USD/JPY can't break the Resistance level we could see a drop to the Support level of 112.600.
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USDJPY BIG DECISION TIMEHello everyone, looks like USDJPY pair is at a crucial level. Will we continue to reject the resistance trendline and move to the support trendline? Or will we break right through and make a move to the upside? Both situations are very probable but I'm leaning toward a weaker USD and we move to our downside targets. Lets see how this plays out. It will be fun!!
USDJPY New Buying Opportunity:USDJPY 4H Gartley Pattern
May give us another good entry to buy USDJPY from the low.
Harmonic Pattern's Logic is simple:
If you want to long, buy the low.
if you want to short, sell the high.
So let's watch the 111.840-111.660 area.
If you are new to the harmonic pattern, please do not take this idea as a short idea.
We trade after the D, not the CD leg.
USD/JPY - Will we fall further?The next few hours are very important for USD/JPY. We could either see a retest of the Resistance level of 113.200, or we could see a retest of the Support level 112.650.
I'm currently not trading this pair, I'm waiting for a move to the Support or Resistance level.
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I HATE following the crowd, but they're right about USDJPY. USDJPY is headed down, BUT the long-term analysis of the monthly chart is not bearish. The current US President (President Trump) will do everything he can to boost the economy (or the market sentiment) as the upcoming political debates take place. Perceived improvements in the US economy will send the USDJPY up over the next few months, however CURRENTLY there is a short-biased across the currency market as it relates USDJPY. As it stands, JPY is very strong and had a great run over the past few weeks. The strong Yen will continue to push USDJPY down over the next few (possibly 2 to 3) weeks, but will slowly fade (in my opinion). Good news and feelings can only last so long. After the JPY bullish bias fades and the US Market picks up, I expect this pair to rise. My short term opinion follows the rest of the world in seeing USDJPY bearish. This bearish move is good for a couple of hundred pips, BUT the long term 1000+ pip move will come from a longer-term bullish move, in which I believe the USD will rake the floor with JPY. Let me know what you think, would love to hear your opinion. Click on the reply button and leave your comment. USDJPY
Thank you for reading. Wish you much success
- StampsFX
USDJPY LATEST UPDATE FRIENDS - SELLUSDJPY has retraced to Fibonacci retracement
level of 0.618 as previously surmised. this could
extend to Fibonacci retracement level of 0.382 (113.441)
before it falls back down
Also Stoch RSI is going into overbought territory.
Be ready to jump in for a sell if you are not in already
See previous analysis
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USDJPY LONG1. Broke through resistance and now bounced off the new support twice.
2. Inside bar potential break upside
3. Upside wick and long bullish candle to show strong momentum to upside.
4. Good RR of 2.7ish
Fundamentals show hawkish tone by FED and recent good jobless data.
*Strongly based on support and resistance play