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Usdjpylongterm

BluetonaFX - USDJPY CRITICAL WEEK FOR THE US DOLLARHi Traders! This is a critical week for the US dollar. The US dollar's long term direction heavily weighs on the outcome of the Federal Reserve's interest rate decision and their statement this coming Wednesday. Here on the USDJPY 3H chart, the price action shows that since the 140.934 high shown on the chart, the sellers have taken over, and we have had numerous attempts to break back above 140, but have failed to do so.  That being said, traders are still trying to push upward. As you can see on the chart, we have higher highs and higher lows on the price swings and have now established an upward price channel. Depending on the outcome of the Federal Reserve's decision on Wednesday, if there is a positive outlook on the US dollar, we may get a break above the 140 area with a possible continuation to test the 141 level again. If we do not get this, then a break and close below the 139 area is likely, and our long term outlook on the US dollar will change to bearish and we will look for opportunities to the downside. This trading week will be very busy with all of the upcoming fundamental announcements, and there are bound to be big market moves, so make sure you trade safely and responsibly. Please remember to like, follow, and comment, as this helps us greatly. We appreciate your support. BluetonaFX
by BluetonaFX
2
USDJPY WHAT NEXT AFTER 140.000 BREAK?Hi Traders! Please see target levels for USDJPY below. TARGET 1 - 142.255 TARGET 2 - 144.108 *APEX LEVEL* - 151.946 USDJPY continues with bullish momentum. A couple of weeks ago, we had a long term view (link to idea below) that USDJPY would target the 140.000 level. However, we did not think it would do this so quickly. After a brief pullback from the 140.000 level, we have carried on with momentum and the 142.255 pivot resistance level looks to be the next target. Further to the upside, if we break 142.255, then we have the 145.108 pivot resistance and finally, we have our Apex resistance level at 151.946. *The Apex (our way of saying special resistance) level* of 151.946 is an area we do not often reach. We have only reached this area a handful of times in the past 40 years, so this is a major resistance level. To the downside, if we fail to push around the 140 level and break back below the 138.136 pivot support, we will then go back into the range. Please do not forget to like, comment and follow. We appreciate your support. BluetonaFX
by BluetonaFX
4
USDJPY Long Term Trade IdeaHi Traders! We have a long-term ascending triangle formation on the 1D chart. There is a triple top resistance setup at the 138.136 (December 16th 2022 high) area and we must break and close above this level for a bull push towards the psychological 140.000 level which we have not seen for almost a year and a half. As long as we stay above the 50 Moving Average support, we are likely to rally upwards to test the resistance. However, if we do not break 138.136 we are likely to stay in the range. Please do not forget to like, comment and follow. We appreciate your support. BluetonaFX
by BluetonaFX
Swing Trading on USDJPY Bull Run. Wait for confirmations Here's my view on USDJPY. It has been a pretty long bull run for the past few years and it's not going to stop soon. So there are 3 scenarios which will likely to happen. 1st Scenario is there will be a pullback due to a strong weekly supply zone to the nearest support from the past few weeks' price and it will continue going higher and breaking the supply zone weekly. 2nd Scenario is likely to happen if the bears are in control for the next few weeks to keep pushing downwards and after the bear run is over, the price will keep pushing higher breaking the weekly supply zone. 3rd Scenario is another probability where the trend changes suddenly with some fundamental news but the demand zone for USD is kind of making it unlikely to happen. Also take a note that the Feds is about to decide on whether they will make the Tapering come true at the end of the year. Trade safely and always keep your stop loss on!
Long
by Fichange
USDJPY Analysis Long-term viewThe low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390. What we have observed is price discounting itself. An opportunity to buy at a cheaper price level. So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from 107.79. Every sell in this pair above 107.79 is an opportunity for us to buy the usdjpy. I will be updating this trade as it develops.
Long
by Charts247TradingAcademy
WATCH OUT - USDJPY BULLS ARE READY TO ATTACK AGAIN!Hi Traders, The USDJPY has been trading in a large triangle on the longer cycle after a bullish Elliot wave impulsive structure that ended in May 2015. Once the price breaks out of the triangle trendline and crosses the wave (D) high, we can expect a long-term bullish move. . However, in the shorter cycle, the price has just completed a three-wave correction that unfolded as an a-b-c expanded flat pattern and finds support at 78.6% retracement of the short-term five-wave bullish impulse labelled i-ii-iii-iv-v. . According to Elliot Wave theory, once a 5-3 wave cycle is completed, the trend is expected to resumes in the direction of the impulse structure. If this count is correct, price is expected to extend higher in another five-wave pattern in wave (iii) and has the potential to move above wave (i) high in Mid-term. . USDJPY WEEKLY CHART Do you like this Elliot Wave analysis? Let me know in the comment. Thanks for reading! Veejahbee.
Long
by Veejahbee
USDJPY - POTENTIAL BULLISH CONTINUATION SETUP Hi Traders, The USDJPY reversed from a key support level that lined up with a daily ascending trendline then broke out of a resistance level. . The impulsive breakout labeled wave (i) blue is most likely to be part of wave 3 of larger degree. . Currently, the price seems to be building wave (ii) of 3, and it has the potential to move up towards wave (iii) target as planned on the chart. . We will wait for the corrective structure to reach our confluence area indicated on the chart then look for a breakout of the blue Counter Trend Line (CTL) for a long entry. . What's your thought about USDJPY? Let me know in the comment. . Wish you all a great trading week. Veejahbee.
Long
by Veejahbee