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Usd_jpy

USD/JPY technical analysis for the next daysAt H4 TF we have about 15 days and 4H the prices of U/J have been moved within the I. Price area. At the II. Price Area it is a still thin of prices having been moving in. To reach a new upward momentum it needs to breakout the projected trend-line as resistance and from there a support level will be found to look for the opportunity to go long with. An other scenario is that the price will be back to the I. Price area , in which the level at 108.642 has to be broken out. What is within the II. Price area will be just as a "transit" station for a upward or downward moving, so I would like neither to go long, nor to go short within this area of prices. Trade well, Makkaba team
by DrFaust_Official
USD/JPY Farm Roll PreviewYen long positions on the futures market are at record highs and historically any high risk event to the dollar supports the Yen as investors seek to protect themselves from uncertainty. Price rejecting the 50% fib level and an interesting candle formation lead to a reasonable conclusion that further downside gains are to be made this week. Poor US news will open up a re-test of last weeks highs where as a good non farm and positive US news have scope to break the current range towards the 100% fib level. Beware that price can break up on the several pieces of high impact US news if they are positive however the fact that it's an 'if' means that a short position which is backed by price action and investor sentiment in the futures market is likely to yield a high probability of profits.
Short
by Elliot_Myers
USD/JPY Breakout Set UpTrading a break of the 76.4% fib or 50% fib level is likely yo yield a favourable trade. So what is going to cause a break above or below these levels? BOJ chief Kuroda is speaking in the early hours of Monday morning while the Chinese Trade Balance is out sometime on Tuesday. The Kuroda speech is likely to have more sway in moving price action however if it doesn't the Chinese data may just do it. The BOJ is notoriously defensive of the Yen and is not secret that a weaker Yen is their preference (Japan is an export driven nation so a weak currency boosts competitiveness).
by Elliot_Myers
USD/JPY - Bearish Bat PatternOn the USD/JPY Daily chart we have a potential short opportunity at the D leg completion of a Bat Pattern. The price reversal zone on this pair is between 124.194 & 125.235 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move. Stop loss would be placed above X leg structure resistance. Website. www.UKForexSignals.com Learn To Trade The Bat Pattern.
Short
by UnknownUnicorn180388
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