Hello Traders ,
We are expecting USDJPY to move up towards its 50SMA on weekly , since price is at major support and indecision towards downside is seen .
Also whenever we see this type of condition in bollinger band when price is far out of band in higher time frames most of the times price tends to come back inside the band's trading range and many times...
Last week we kissed the 0.382 fib level and had a strong wick indicating a loss in the bulls momentum. This could be a strong indicator of the start of a reversal for USDJPY.
This week all eyes on USD with Trumps Speech Today with his Hawkish attitude toward the Iran situation causing great volatility in the Oil Markets. Consumer Price Index...
USD/JPY breaks two-week long channel down
For the first time in many weeks, reports about another ballistic missile launch made by North Korea did not led to appreciation of the Yen. The news from Asia most probably was beat by a series of positive news coming from the United States. From technical point of view, strengthening of the buck led to breakout through...
USD/JPY moves to south as expected
As it was expected, the currency exchange managed to break below both the psychological 113.00 level as well as the weekly S1 located at 112.86. A release of better than expected American retail sales and inflation data did not ruin this achievement. In contrast, it simply accelerated a rebound from the bottom trend-line of the...
USD/JPY trades in descending channel
During previous trading session the currency exchange rate expectedly approached and made a rebound from the upper-boundary of the current descending channel. As a result, now the pair is expected to continue moving to the bottom. This direction is also supported by the fact that the 55- and 100-hour SMAs are located above the...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Scenario 1: (Normal conditions)
> Price exactly at .618
> On 4H we have a nice buy setup.
Scenario 2: (Risk conditions)
> Hurricane Irma, N.Korea tension.
> It may reach 0.786 level in worst case.
> Wait until weekly candle shows bullish momentum.
I rely on both technical and fundamental analysis and use my strategy to trade, you...
Morning outlook - USD/JPY falls as North Korean crisis escalates
In result of a new ballistic missile test conducted by North Korea, the American Dollar lost 0.57% against the Japanese Yen just in two hours.
Accordingly, in the first half of Tuesday the buck is expected to try to recover some of the lost value. However, even if it succeeds to break through...
Near Term Setup - LONG USDJPY
Expected reversal from 108.709 to 111.015
Entry:108.287 (based on April Support levels)
Stop Loss: 108.709
Target Profit: 111.015
Expected Time frame for trade is 3 days
Note: Reversal has not been confirmed as signal line has not crossed over as yet.