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Usdjpy-bullish

USDJPY 10th May 2020Hello Traders What do you see in USDJPY? Here what I can see is a possible break to the upside. On the weekly chart, using fibonacci I seen that on the most recent pulse the pair is now rejecting the 0.5 retracement area and moving up again. I expect to see it retrace again to the support area before making a break to the upside. Happy trading Roo :) Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own! Be sure to like and comment on the chart and follow me on trading view.
Long
by RuairidhFX
USD/JPY Ichimoku Swing Trade SetupWe're zooming out to the daily chart to look at this setup. I am watching an important price structure level to be broken in order to help confirm that we have an established firm that will try and run bullishly for us. I need to see a close above that level on at least the 4 hour to help confirm this bias. I've drawn out several price structure targets on the way to our overall target but we'll be looking to grab some partial profit on the way and adding to our position at key levels.  IF we can't close above that resistance and maintain our bullish bias, this setup may become invalidated.
Long
by The808Trader
USDJPY WeeklyDonald Trump just made a bold statement on twitter. On his statement he mentioned: Things are going along very well with China. They are paying us Tens of Billions of Dollars, made possible by their monetary devaluations and pumping in massive amounts of cash to keep their system going. So far our consumer is paying nothing - and no inflation. No help from Fed! This is a really bullish statement for the dollar and I would look forward to an upside fundamentally Fundamental Wise: Bullish Technically, USDJPY is on a 61.8 Fibonnaci Level, a strong level to look out for reversals. We are also on a downward weekly channel support and I would anticipate price to respect the channel and reverse. Technical Analysis: Bullish. This is a fairly high probability trade and I would Update more as the week progresses.
Long
by Re5drago
USDJPY: Bullish Trap Whats up everyone? This is a quick update about my trade from yesterday. We are looking at the USDJPY pair on the 4h timeframe. We saw a massive bullish trap on yesterdays trading close. We are short from the top, where the trap happened. Our first position also was stopped out. Price did break old highs within an hour although no news were happening. Came back all the way down and obviously even lower within a short time period. Imagine how much stops and orders were laying above those highs. Imagine how much money was made... Wishing you guys nice trades and a great weekend!
Short
by darian_fx
6
USD/JPY jumps to 5-week high near 112.000 The USD/JPY currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above 112.000 mark and registered the highest level in 5 weeks at 112.108 on 12 April. USD strength is the main reason behind recent spike in the USD/JPY. Optimism regarding US-Japan trade talks also played a major role in recent price action. The price is currently hovering around 111.900 with positive MACD and RSI above 50. The 4-hour chart of the USD/JPY confirms the positive sentiment in the price movement as the pair is making successively higher tops and higher bottoms. By applying Oscillators Analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is well above the 200-period Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the USD/JPY. RSI (Relative Strength Index) showing values above 50 which supports the bullish sentiment in the market. In alternative scenario, key support level lies at 110.837 (The Low of 1 April). Bears must break this level in order to regain bearish sentiment in the market.
Long
by FXTM