USD/JPY

Waiting to go long!

arigoldman posted:
Waiting to go long!

I did too, as I think it will rise back to 113.10. On the other hand the trend is still very much bearish so I am keeping my eyes peeled for any reversals.

Next Target 109
Final 90

I think I might short next week, 113.20 is a considerable resistance level.

1.10 is my first target then bounce.

I meant 110.

Breaking area down from 114.30 to 80 pair, will lead to a strong descending process, the next support is located only at 106 area. Move in the future, may give a strong boost to Markets Exchanges a strong move downward
now we can bearish butterfly

daytrade posted:
Breaking area down from 114.30 to 80 pair, will lead to a strong descending process, the next support is located only at 106 area. Move in the future, may give a strong boost to Markets Exchanges a strong move downward
now we can bearish butterfly

I don't know who's right about the next support level but so far the pairs biggest run is this one and 1.10 is over 300 more pips away. I guess it depends on how much it bounces after friday's positive close.

Nice bullish bounce from the 111.00 level on the USDJPY. The price retraces to the 115.00 zone and drops to the 114.00. Possible bearish continuation.

There are two hammer candlesticks above the support at 112.80, I think the pair will rise towards 114 at least.

Good move last week.

Bullish.

arigoldman posted:
Bullish.

I agree, there's a double bottom on the daily time frame.

It looks like the pair will test that double bottom again.

I think we might be be looking at the beginning of a long consolidation.

Expecting a correction.

I agree, it didn't even test the double bottom when it fell. Next week there'll be a correction.

The USDJPY may continue finding some support at the 113.00 level, the 114.00 could be resistance.

The pair bounced off around 113.00 level, bearish mood may extend to next support level around 112.70 zone.