Usdjpybuy
UsdJpy- Strongly bullish above 108.50UsdJpy started the year strong, changing the downtrend ar reaching 111 zone (an 800 pips gain)
A correction has started from 111 resistance and the pair has dropped under 108.50 support.
I expect the uptrend to resume soon and confirmation can come once 108.50 is broken to the upside
USDJPYAs you see in 4h the ABC correction of elliott wave is over plus it has reached a support level and also we see a divergence in a downtrend RSI.
whenever it breaks its downtrend line we may have a different trend however there is a strong resistance at 108.263
.
IF price couldn’t break the resistance level , wait for it to fall and break the support level to the downside and candle closure below this level at 108.800
UsdJpy- Correction over? I'm waiting for confirmationAfter a strong bull run and a touch of 111, UsdJpy started to correct at the beginning of this month and dropped to 108 (Which is also Fibo 50% for the 105-111 leg up)
The drop is contained in a flag pattern and this 108 could be the bottom
I'm bullish this pair and I'm waiting for a buy confirmation
Low risk buy set-up for USD/JPYOverview - USD/JPY is trading in a small range over the last few days. However,
it seems that a big move may happen very soon. Let us take a look at a low risk buy set-up.
Analysis - From the chart, you can see that price is in a minor support area. It is
also near the 100 period moving average on the 4-hour chart.
Probable trade set-up - Based on this, a buy entry between 109.15-109.25 with SL
below 109 and TP at 110.10 is a possible buy set-up.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
UJ buy opportunityAfter its retracement, UJ seems to be going back on the uptrend wagon. What are your thoughts? If you think you see something different, please let me know in the comments below. But if you would like to try this trade idea, please use proper risk management before taking the trade.
USDJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY ! GOOD LUCK! Great BUY opportunity USDJPY .
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USDJPY time to short itHi there,
Impulsive move on USDJPY looks like its about to end, as the dxy is also preparing for a retracement, USDJPY can fall now to make correction from the last weeks move, to prepare for the next up movement.
I will be looking for 106/107 area to start buying again, but for now look for sells, we are sitting on a weekly supply zone, a fall from here will happen.
Good luck