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Usdjpylongsetup

USDJPY possible sell zoneCurrency Pair : USDJPY Possible direction : Bearish Technical Analysis : After a strong breakdown on the daily ( strongly influenced by JPY strength) USDJPY currently forming a symmetrical triangle which may break to the downside again as this may continue to trend to the downside to test the long term order block. From higher timeframe we can see possible downward move and, therefore, this price may continue to drop after liquidity grab from short term resistance zone. Fundamental : Silicon Valley Bank collapsed has given safe heaven JPY strong boost. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken a bit and the short-term POSITIVE SENTIMENT against the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF. - There is definitely a high chance that USDJPY will go UP a bit more and move to 135.610 LEVEL. Anyway, USDJPY price can go down to 124.739 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
#USDJPY- 500 PIPS BULLISH MOVE EXPECTED-Hello Traders, so we had to send an updated setup to everyone who has been waiting for USDJPY to go all the way up and that is why after BOJ announced their decision to not change the monetary policy. We waited whole day yesterday for UJ to settle down and have a clear view!. -Sellers are being exhausted and failed to take this pair lower low even when JPY BEING too bullish suggesting we are at the verge of having a strong bullish impulse. WHAT YOU ALL THINK? PLEASE DO LET DOWN YOUR VIEWS IN COMMENT!! PLEASE DO LIKE AND FOLLOW TO SUPPORT US SO THAT WE CAN KEEP SENDING THIS HIGHER PROBABILITY SETUPS!!
Long
by Setupsfx_
30
#USDJPY- VERGE OF BULLS TAKING OVER!!Hey Traders, USDJPY has have faked movement in last two months since we had BOJ news on interest rate, the pair had reversed from over previous setup on #USDJPY. However, most things has changed since then firstly we have undecided DXY movement we have not had a clear dictative move. Hence, as we have NFP next week we are eying for DXY to drop until Friday as traders are eying on the data to be supporting for DXY. -Potential entry would be the area described in the chart, will keep you updated. Trade Safe and Good Luck!!!
Long
by Setupsfx_
22
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is that the JPY is starting to weaken quite a bit. It happened because of the BOJ MEETING. This time after the FOMC, the dollar has also weakened. - Due to MARKET RISK ON, all MARKETS including STOCKS and COMMODITIES are going up a bit now. - There is definitely a high possibility that USDJPY will go UP a bit more and move to 133.67 LEVEL. Anyway, USDJPY price can go down to 125.02 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall