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Usdjpybuy

More downside for the USDJPY but capped in a range.It looks like there is more downside to come for the DXY though the move will likely be capped in a range. This downward move can get some support at around the 114.6 or 114.2 levels before it hits the bottom of the range. What the price chooses to do at those levels will be largely dependent on what the central banks do. Is the federal reserve going to turn more hawkish than they already are? Or are they going to stick to the original plan?
Long
by IkanBilisCapital
USDJPY LONG/SHORTUSDJPY is currently at a very crucial level. It is facing a rejection from the previous resistance zone. For LONG :- One can enter it once it closes above 116.5 in Daily TF for target of 118+. For SHORT :- One can enter around 115.5 with a SL of 116.5 for target of 113 (SAFE TARGET). Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
by simple_trader2022
USDJPY: Breakout Trap ⚠️Have buyers been lured in with a clean breakout creating support? It is a possibility. If this is the case, I would like to see some sells from this region. The ideal entry would be on the pullback after the BOS but aggressive traders could consider this region. For this sell to work, price cannot pass the high marked or the setup will be invalidated. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
26
USDJPY | Update | Next Move? USDJPY has been following parallel channel by its heart and core. We were long when it was at trendline support (Check USDJPY chart) and attempted short from the horizontal level (Check Chart). Currently we are expecting it will take a hit once again from horizontal level and price will come down. Alternatively price can break the resistance and test the channel top. To take the right trade wait for the price action and candle stick. Trade your levels accordingly
by JustTradeSignals
2