Dec 13 2018 at 22:59
After the 114.00 level on the USDJPY, its next resistance could be the high at the 114.54 level, but yes, it could reach the 118.00 zone. Below the 55 day EMA at the 113.00 level, its next support could be the 112.00 level.
It's possible for us to upswing back into the 114 range today or get close to with USD reports being bullish.
Elliottwave Analysis: USDJPY, Sell at market
USDJPY still consolidated in the triangle.
According to my own trend following system, we have weekly sell signal, but still in buy mode on daily chat, overall neutral bias.
From an Elliottwave perspective, an ABC correction toward 111.06 is still likely.
On big picture, we still could not rule out the slowly right shoulder building progress.
We'll try a tactical short here and look to add or reduce when the trend confirmed.
USDJPY Trade Idea: (Spot 113.42)
Sell @ market SL 114.80 Take Profit @ 111.10
USDJPY still consolidated in the triangle.
According to my own trend following system, we have weekly sell signal, but still in buy mode on daily chat, overall neutral bias.
From an Elliottwave perspective, an ABC correction toward 111.06 is still likely.
On big picture, we still could not rule out the slowly right shoulder building progress.
We'll try a tactical short here and look to add or reduce when the trend confirmed.
USDJPY Trade Idea: (Spot 113.42)
Sell @ market SL 114.80 Take Profit @ 111.10
Załączniki:
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Dec 18 2018 at 09:57
Hi,
This is good thread. I think EurUsd is good pair to trade and also UsdJpy.
Regards
This is good thread. I think EurUsd is good pair to trade and also UsdJpy.
Regards
Dec 18 2018 at 10:55
It seems that 112.200 support may be broken.
If this happens, the next level will be 111.500
If this happens, the next level will be 111.500
#AnthonyWins
Dec 18 2018 at 18:58
The fall continues on the USDJPY below the 113.00 level, but the pair may find some support at the 112.00 level, along with the 200 day EMA. To the upside, the 113.00 level along with the 55 day EMA may act as resistance.
Dec 19 2018 at 08:45
Move down has been relentless. My long term view is bullish on USDJPY so I have been buying into the fall but with price continuing to fall I have had some positions stopped out. I hope we see a pause and bounce at 112.20
Price is pausing now and I am also bullish but if we get a daily close below 112 then I will change my bias to the down side
I am short all the way now on USDJPY. Long bearish close candle outside of the bollenger band is a sure sign that price will continue to fall. IF we get a deeper pullback I am entering a short position with take profit open
The upward moving on H1 shows the possibility of 108.40 testing. but is the case of drop, the price will test a 107.5 level.
Jan 08 2019 at 22:54
Possible dead cat bounce formantion on the USDJPY daily chart if the price bounces back down from the 109.00 level. The 108.00 level may act as a first support, followed by the 106.62 level where we can find the 200 month EMA.
What is the 'dead cat bounce formantion'? I have never heard of that. Is it a candle pattern or a chart formation?
Jan 16 2019 at 11:07
Since the flash crash last week USDJPY has been a real pain to trade. It is just ranging in a horrible way. This pair needs to get our of the funk and start trending soon. It can be a good pip winner but horrible when ranges
Jan 17 2019 at 07:12
ChristianBeach posted:
Since the flash crash last week USDJPY has been a real pain to trade. It is just ranging in a horrible way. This pair needs to get our of the funk and start trending soon. It can be a good pip winner but horrible when ranges
I saw very little influence from the Brexit decision, too. I wasn't expecting much, but c'mon, just a little?
USDJPY seems to be bouncing around r/s zones of 109.00 and an upwards tend line. I am waiting for a break of this wedge. I am biased to the upside but will go short if there is a clear break
I think it will be time to short soon, maybe tomorrow morning. Short flag is forming on 1H
Jan 24 2019 at 08:16
I don't know what flag you are talking about. There may be a short term fall in USDJPY but I am long all the way to the bank. USD will continue to strengthen and JPY weaknen in the medium term. Short is too risky for me
My prediction for JPY is 109.510 on USD/JPY. The bullish trend is so strong!
Jan 29 2019 at 13:06
I can't understand USDJPY right now. Seems to be going sideways. I would rather wait until price has some more defined direction. At the moment it sucks
Jan 30 2019 at 02:33
An amazing consolidation continues on the USDJPY between the 109.00 level and the 110.00 level.
