USDJPY is set for rise!USDJPY (D) long-term bullish market. Currently, the price resumed its uptrend and we can see a very strong bullish engulfer has been created on the neckline of the double bottom on the daily timeframe. It is highly likely that the price will continue to rise from this bullish engulfer as there is no significant resistance on its move to the upside.
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Usdjpyforecast
USDJPYEach person can see patterns in this chart based on their vision, such as triangles, wedges, or flags. Therefore, in my opinion, the template name is not very important.
Whichever pattern breaks, we will most likely see a sharp move in the same direction.
Observe the money management and the stop loss, the Fed is speaking today, and the Jackson Hole meeting is underway.
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DeGRAM | USDJPY short opportunityUSDJPY has reached a major resistance level.
Price action has already rejected that level, like before.
Price action is moving in a ascending channel.
We expect test the support level and lower border of the channel.
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USDJPY still bullish.A few words about the current market. Two weeks ago I wrote:
The whole macro picture is still so weak that I find it really hard to write down: we're in a reflation trade now. I don't know how long it will last, but my guess is: until we get a sense how the September FOMC meeting might play out.
Yes, we are still in that trade, everybody hates it (including me), because fundamentally we shouldn't be. But we see it everywhere:
The market is ignoring hawkish Fedspeak
It's ignoring hawkish data (NFP last week)
It's rallying on dovish data ( CPI this week)
Sector performance is reflationary, high-yield spreads are narrowing, breadth is strong, the Aussie is performing, Commodities are off lows and so on
I still don't believe it's going to last, but for now it is what it is. So, again I reiterate my main message from the last two weeks:
Strong opinions, weakly held. Being nimble. Trading the market, not expectations. That's going to be even more essential for the coming weeks.
USDJPY near to complete its correctionHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about USDJPY
We can see a market break its strong resistance in D1.
So we are expecting a strong fall near resistance.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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USDJPY possible sell zone!!USDJPY (4H) has formed a daily head & shoulder and has broken down. On the 4H price laready grabbed liquidity and has formed a bearing price action. also currently rejecting the monthly resistance zone. Upon close, USDJPY may drop to a daily support level.
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USDJPY ForecastWhile the price falls below the 133 mark then, a fall below 130 is expected before an up wave.
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