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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
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