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Usdjpysignal

Which way for USDJPY over the next several months?On the 3rd of August 1998 USDJPY hit 147.53. In February 2012,14 years later the price hit 76. I remember trading back in January 2010 when the price hit 90 and I was piling on USD LONG trades in the absolute belief that the price had bottomed and SURELY we can't go any lower. I had the same belief when the price hit 80. I remember back in Jan 2012 reading an article online and the author gave his 3 best trading tips for that year and they were BUY USD/JPY, BUY USD/JPY and BUY USD/JPY. All traders trading today and looking at the price of USD/JPY back in 2012 will all wistfully been thinking "why did I close out that LONG trade I had going on USDJPY?". We always do though. Its part of the psychology of trading. We keep losing positions in the hope they will recover and close winning positions scared of the price reversing. SO looking back at USD/JPY as the price sits at 107 where next? As you can see the price is funnelling into a rather pleasing triangle (flag/pennant shape). Its likely to keep doing so for the next few months at least. We are effectively trading in quite a narrow 300 or 400 pip range. Which side of the flag we break out of is anyone's guess but I suspect once its broken out then the price will continue in that direction. When D.J. Trump took office on 12 January 2017 the price of USDJPY was 117 and if we have another 4 years of the narcissist we can expect the price to break out to the south. Should we see Joe Biden win the White House (unlikely) we are more likely to see the USD break north out of this flag and move higher. Its all to play for.
by theforexportal
USD/JPY short/sell idea, almost 650 pips move...In the name of ALLAH who is most merciful and the master... We strictly take trading as a business, not a gambling stuff. We have calculated approximate risk to reward ratio on every single trade. Please note: -> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 100 pips towards target, -> Close half of the trade position after market makes half movement towards target. Every one has a right to earn a lot of money, but it can only be done with strict rules and principles. We have our pre-defined target profit levels. REMEMBER: NO EMOTIONS. NO GREED. NO FEAR in trading... that's how we do this business... If we loose, no issue, we loose small... But when we win, we win really really big... Day after day... Weak after weak... WE GROW...
Short
by WaqqasAsim
3
USDJPY long trade idea, second entry after 280 pips profit!check out my previous analysis on USDJPY (link attached below!) which gave us +280 pips profit,.. enjoy ;) Plan : wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
4
USDJPYUSDJPY In 4 hour chart we had half legged doji formation which is a clear signal for further selling of this pair USDJPY is in downtrend for the past one month. As the JPY is considered as safe heaven asset the number of positions has increased in recent days 108.160 region is a strong resistance zone from this point we can expect further selling of this pair And the potential take profit will be 103.840 Stop lose may placed above the 108.450 level Leave your valuable comments below
Short
by forexorbit
USD/JPY short/sell idea. almost 400 pips move...In the name of ALLAH who is most merciful and the master... We take trading as a business, not a gambling stuff. We have calculated approximate risk to reward ratio. Please note: -> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 100 pips towards target, -> Close half of the trade position after market makes half movement towards target.
Short
by WaqqasAsim