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JPYUSD

USDJPYUSD has been one of the weakest pairs of the Forex market recently, however, JPY has been even weaker and underperformed USD. USDJPY has been trading under 108 since April. The level has acted as resistant multiple times. It looks like the price has made a massive inverse head and shoulders that just got completed by a break above the horizontal neckline at 108 which used to act as resistant. The target of the inverse head and shoulders is around 110 however there is a minor level of resistant around 108.5 ish (the dashed horizontal) and anther resistant zone around 109 (the red box) between the current price and the head and shoulders target. A pull back to the horizontal around 108 can be a good entry for this trade. The level should act as support now and you can manage your risk below the level. This trade can provide a 2.5 risk to reward trade if it hits the first major resistant, it might aslo over shoot the level and hit the full messured move of the inverse head and shoulders but I don't want to get a head of my self and count on that before we break that level.
Long
by Trader_Shayan
4
Bullish Falling Wedge / Inverse Head & Shoulders / Ascending TriAs the title suggests - we have a large (light blue) bullish falling wedge with break out. As we have broken out we should expect to retest previous resistance as new support. This will help form the bullish ascending triangle in yellow and also converge with the .236 fib level as added support. We also have the green inverse head and shoulders. My entry: 107.354 SL: 107.154 TP1: 108.883 (.382 fib) TP2:109.5 (.618 fib) TP3: 110.53 (.786 fib)
Long
by Corrupt_Economy
USDJPY Bear Trap TriangleOn the right it looks like a bearish breakout, but i have a feeling it might become a bear trap. A lot will depend on the current 4H candle close. If that closes above the previous red body, it's a decent signs. if it would close above the other one as well, would be even better. If we would then see another test of that red resistance, it would increase the chances for a bear trap even more. Ideal version would be see some consolidation on lower time frame against that red zone. If then a break of the resistance would happen and a strong rally towards the 108ish, could mean a bigger move up for coming weeks. But that will depend on how strong the rally would be then. Don't forget to like if you appreciate this :) Previous analysis:
by botje11
3
💵 DOLLAR/JAPANESE YEN💴 Is this the end of the channel?🎌💥HOW ARE YOU DOING, GUYS!? 👋ARE YOU OK? 🎌🎌🎌The Japanese Yen has a very interesting chart, 📊the price stay in a parallel upward channel.💹 🔍There are several predictions for the price, because the story is very fast.😵 💡I'm more inclined to move up in the medium term, but on the hourly chart, the price may shake a little.⚡ 🎎Do you trade Japanese yen?🎴 How are you doing with it? ✨Subscribe and be with me!✨ Your Rocket Bomb🚀💣
by RocketBomb
4
🇺🇸| 🇯🇵 USD / JPY Downtrend ChannelWelcome on Japanese Yen analysis! JPY is moving in downtrend channel, which we can use in mid term to gain some profits. In short term we in Falling Wedge, but this can move price to upper resistance of the channel. As next move if price break 107 price level, will lead price down to 106-105 zone. ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊 This is just speculative idea, to map the USD-JPY chart for future trades. Have a good profits, stay tuned to Artem Crypto
Short
by ArShevelev
4
Possible Long USD/JPY position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-3 Days A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 111.2 C - Fundamentals that may affect the pair @ 23:00 on the 3/04/2020 AEST USD unemployment rate D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 1.447 Target 2 @ .... Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Long
by SMPTrader
1