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Usdjpy4hrs

USDJPY Completing Wave MovementPair is doing a pretty amazing movement so it is very challenging to make predictions. While doing the movement down the pair is stuck at 104.500 and again move up towards the resistance line at 112.900. This movement is quite promising as the final complement of the rising waves. If the price does not move down to the level of 106,700, then this movement will be confirmed and direct to the wave completion. It is currently a promising level to make a purchase and its take profit level is 111,700 for some time to come and a good stop loss point is 109,000.
Short
by fXVolume
USDJPY Bulls or Bears.....?Neutral view at the moment, as we had a break of the ascending trendline on Friday with a retest of this trendline just before market close. Moving averages were set to cross but this could just be a fakeout . The daily timeframe shows a very close rejection of the same ascending trendline, however price has ranged since the end of April. Daily candle close Friday producing a Doji pattern so indecisiveness between Bulls and Bears. Patience with this pair will pay off.
by JordanWillson
USD JPY - Towards an interesting zoneMorning traders! Today i'm going to post an analysis about USD JPY , in 4h timeframe printed a resistance in 108 zone, at the moment is going upside from march , from the low in 104.71 zone, but is going towards 108 zone that's an important confluence zone , here will touch the rising wedge and the previous highs. The direction isn't clear yet in my opinion , will wait for today's american data and then i'll be able to understand the direction will follow in the next weeks. Upside above 108 , downside towards 106 zone. Let's wait!
by maro9392
USD/JPY SHORT Opportunity On The 4 Hour ChartUSD/JPY is set up for a good short opportunity. It has broken through and now come back to re-test a major 4-hour resistance zone. If you look at the 5-minute chart, there was an uptrend that broke right at the end of the week so I will be looking to short when this week opens. The blue lines below the zone are 3 TP areas. PLEASE NOTE: I don't usually use a stop loss except to lock in profits so make sure to choose your own stop loss. I typically wait for a 4-hour candle to close beyond my stop loss before I exit. This way I don't have to worry about wicks/being faked out. LET ME KNOW WHAT YOU GUYS THINK ABOUT USD/JPY IN THE COMMENTS SECTION BELOW!
Short
by Jabest
1
USDJPY H4 *Short Opportunity*A nice close on Friday afternoon of a Bearish Engulfing with not much bull power being shown in the remaining hours of the market, closing at 112.085 . On a 1 hour timeframe a head and shoulders has been created with the pair following suit and continuing to fall, adding to the strength of my short sentiment. US news is pretty quite until Tuesday afternoon so could provide some nice opportunities the start of the week before the Fundamental Frenzy kicks in! The RSI is converging with the chart and respecting a nice downtrend also, with the Stoch sitting low but think it will hold. There are two ways this could go, but the result I believe will be a short. We could see a retrace back up to the 112.600 area before continuing it's fall down to around 111.270 , if the monthly support is weak and gets wiped out. If the price shows no stopping past the monthly support level, we could see this pair rally down to the 110.25 region. Commitment of Traders also showing a positive long hold on the YEN therefore backing up the continuing fall of the Dollar . I have a pretty strong sentiment towards the bearish engulfing holding out and the price pushing more to the downside.
Short
by JordanWillson