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Usdjpysell

More tendies to the downside for MMs,but be careful of fake out!The dollar yen continues to trade in a range it formed since mid August, we are short on this pair but a fake out may happen to the upside before the downside targets can be achieved. BEAR CASE Price looks ready to dump down from here to reach our targets to the downside at 109 and 108.5 BULL CASE We should not be surprised if market makers continue to hunt for stop losses to the upside faking out traders before taking a dump. If this happens, we see 110 and 110.4 as possible areas of resistance.
Short
by IkanBilisCapital
USDJPY. The crash has started and it is irreversible.The dollar yen has started its descend, we should more downside as the market makers unwind their positions to hunt for the juicy stop losses placed below. We may see short term relief rallies but it will not last and the downside in imminent. BEAR CASE Price immediately plummets farther from here. Our TP1 is at 109, TP2 is at 108.7 and the last straw should be at 108 BULL CASE If the bulls manage find a little breathing space from these levels, it will be short-lived and extremely tight. We do not expect price to break the highs at 110.426 and we will sell every rally.
Short
by IkanBilisCapital
Tendies ripe for the taking on the USDJPYThe dollar yen has been trading in a random walker manner for the longest time. There is now enough longs that are positioned for the market makers to liquidate and profit from. Just look at the number of tendies on the chart! BEAR CASE There are several levels on the chart that can provide short term relief for the downwards move but we are ultimately targeting the 107.5 levels. The liquidations of the longs will result in more selling into the markets as traders are forced to sell their leveraged long positions at a loss in the market. BULL CASE If the bulls find the resolve to buy up the dollar at these levels, we think that the price will continue to trade within the descending triangle building up for the downside move that wlll eventually come.
Short
by IkanBilisCapital
USD/JPY:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|SHORT 🔔Foreign Buying of Japanese Bonds for the period ending August 7th was reported at -¥1,103.6B, and Foreigners Buying of Japanese Stocks was reported at ¥104.9B. Forex traders can compare this to Foreign Buying of Japanese Bonds for the period ending July 31st, reported at ¥225.6B, and Foreigners Buying of Japanese Stocks, reported at ¥3.2B. The US Import Price Index for July is predicted to increase 0.6% monthly, and the US Export Price Index is predicted to increase 0.8% monthly. Forex traders can compare this to the US Import Price Index for June, which increased 1.0% monthly, and the US Export Price Index, which increased 1.2% monthly. Preliminary US Michigan Consumer Sentiment for August is predicted at 85.0. Forex traders can compare this to US Michigan Consumer Confidence for July, reported at 79.0. The forecast for the USD/JPY remains bearish, with inflationary pressures elevated and likely to increase amid supply chain disruptions related to the Delta variant of the Covid-19 pandemic. Will bears awaken and force the USD/JPY into its horizontal support area?
Short
by FOREXN1
2
USD/JPY:BEARISH CHANNEL PRICE ACTION|SHORT VIEW SETUP 🔔Hello Everyone, I hope you'll Appreciate our Entry opportunity ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Strategy : Check Link in description ! Have a Good Take Profits !
Short
by DAY_PROFITS