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Usdjpysell

USDJPY short There are two possibilities The first to make down move to TP1 area and then break the last top The second a bearish wave without breaking the top and make correction within TP1 and TP2 In both cases, we are making down move to TP1 I always advise those who have experience and were not able to sell from the top to wait for the retracement wave and can enter the 50%-60% areas as happened in the SP500 chart TP and SL positions have been identified on the chart good luck
Short
by zoneofbasem
1
USDJPY Sell ExpectedTechnically USDJPY Sell Expected From 150.14. And there is a valid strong Bearish Divergence! 1st TP: 147.6xx Remember, there is no place for luck in trading - only strategy! Risk Disclaimer Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organised and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I'm not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis. Best Regards! Mahfuz Azim
Short
by mahfuzazim_TA
1
Has The Crown Been Placed On The USDJPY ?Looking very likely that a Crown topping pattern is forming on the USDJPY several failed attempts to break and close above 145. Although the Dollar has been dropping the last week after nearly hitting 115 the USDJPY has been moving in a sideways range between 144 and 145 indicating period of distribution which is likely an unwinding of long positions after the huge move up. As from a previous post I am a short positionif we get the close below the 144 level will likely drop down to the 142 region get a small bounce there then break down takng out the low from 2 weeks ago, Read my previous posts for my targets.
Short
by TheFxAce
1
USDJPY Where To Next ???So we have retraced nearly all of last Thursday's big drop down only taking a couple of days to retrace back up. Looking at the 4hr charts we can clearly see the markets are moving sideways depending what your bias is you could see this movement as a re-accumulation phase basically a pause in the uptrend before making new highs or.... You could see this as a Distribution phase which is what happens after a huge move up and is the market preparing for a move down personally this is how I am seeing the market given the fact that we are extremely overbought on all the higher timeframes and had intervention at this level last week. Also if you notice the DXY has been on fire again this week printing new highs whilst the USDJPY has just been grinding indicates we are ready for a drop. I am waiting for my indicator to give me a Daily SELL signal at the current levels and I will enter this market. The 4hr chart is already giving me SELL signals meaning this trade may happen soon the STOP LOSS will be well above last weeks high and will target around the 139 previous HIGH or lower. Obiviously given the current markets and the strength of the DOLLAR we could blow higher though only a clean break and DAILY close above 145 will confirm more upside though any increased volitility to the upside iss likely to cause more intervention by the Japanese. We are very near if not at the top of this market if we do move up from here it will not be too far likely hitting 147.5 let's see for me the best longterm R/R on this pair is positioning into a SELL let's see what happens
Short
by TheFxAce
1