Price is ranging but it looks more like a reversal pattern to me. I will be selling at the highs rather than buying at the lows.
How's that working out for you? Price still ranging from what I can see. Just a mess, I am staying away and will wait for the price to become more predictable. It is just a mess now
Mar 22 2019 at 01:37
The USDJPY breaks below the 200 day EMA at the 111.00 level and it slows down, but it could continue falling towards the 110.00 level. Above the 111.00 level, its next resistance could be the 112.00 level.
Big sell off on USDJPY yesterday. Does anyone know what caused that?
Price on USDJPY now back up to before the sell off. Could be a good place to go short. One more retest of 111.55 and I will be going short
Sell USDJPY at top TP:111.25
Top Forex Robot
I concur. Selling now on USDJPY is smart move from RR perspective. Can use short SL of only 30 pips but target over 120 pips gives 1:4 RR
May 15 2019 at 11:42
The price action of USDJPY pair has been trading with a bearish bias inside daily chart and the down trend looks good. Price action is stepping down, and bearish trend looks strong. Key resistance level is present at 111.67 price area, based on most recent swing high in daily chart of USDJPY.
For the Japanese Yen on Tuesday, there was no outstanding news announcement. According to the Forex analysis; USDJPY bearish trend could move price towards next support target at 108.00 With reference to the down trend, Forex traders should consider only sell trades. However; price could breaks and closes a bullish candlestick above 111.67 important resistance level and this will end the bearish trend. From this time forward, Forex traders must seize the opportunity to stop trading and re-assess USDJPY in daily time frame.
For the Japanese Yen on Tuesday, there was no outstanding news announcement. According to the Forex analysis; USDJPY bearish trend could move price towards next support target at 108.00 With reference to the down trend, Forex traders should consider only sell trades. However; price could breaks and closes a bullish candlestick above 111.67 important resistance level and this will end the bearish trend. From this time forward, Forex traders must seize the opportunity to stop trading and re-assess USDJPY in daily time frame.
signalsintraday@
At the moment price is testing support at 108.317. I assume that the price will break through the resistance and go to the point of 108.211. But if price haven't got enough strength to break through the support, then the price will go to the point 108.582.
Jul 04 2019 at 20:57
USDJPY H1
Attachments:
