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Usdjpy-bullish

USDJPY 1H Bullish OpportunityHello traders, Check out a bullish opportunity on the USDJPY. Currently price action is moving sideways with a potential retest of previous structure support on the 4H. If you take a look at the 60M chart, structure aligns perfectly with an AB=CD pattern, which provides for a decent bullish opportunity. However, I will need an additional signal in order to enter, something like a double bottom or an RSI oversold. Targets can go anywhere within the consolidation channel. If this helps, give it a like ! Enjoy !
Long
by leitmotiv
USDJPY Temporary Bearish Retrace, then BullishThe chart above is pretty self-explanatory, and it ties in with my previous analysis of XAUUSD on the daily chart. 1. For the first few days of this trading week, the US Dollar will be weak and USDJPY will retrace to the 116.00 area, a level of great importance. 2. From there, the pair will bounce up on a strong bullish candle, at which closing I will buy with the targets and stop loss shown above. I think this is a reasonable assessment, well within my strategy parameters.
Long
by MtxTrader
1
USDJPY might be not bearish ?I got the feeling, USDJPY is seen as short for longterm. Considering monthly timefrime I could imagine, that last sell pressure was kind of reaction to long uptrend. So the sell off might be an ABC correction to EW from year 2012 to 2015. Looking at wave 5 of that EW, where much bullish activity has been and much activity during wave C of ABC correction I could imagine, that USDJPY is not really bearish. I know, this is not useful for trading at the moment, but I would be quite cautious to step into shorts. I painted some levels, that might point to support and resistance zones. Regarding how USDJPY run through that zones on way up and back down, it looks to me like aggressive buys and, as reaction, sells to save profits. For long view I think USDJPY might start another move up. What I like is the geometry of the lines in EW move up and ABC move down. They look quite parallel. This makes the idea more valid to me.
Long
by Subjugal
USDJPY Long IdeaUSDJPY stays strong after Yellen's speech and will ride the rally through to 105.5 next week. We could long when it pulls back on Monday around the blue box. We also expect it to hit 110 by the end of September when the US rate hike comes in September. Fundamental wise, with global stock markets doing well, investors are getting less risk adverse. Safe haven assets like Gold and Yen will further depreciate. We expect BoJ will further defend USDJPY and prevent it from falling below 100. We see a limited downside from Longing USDJPY. Technical wise, USDJPY broke the resistance and has turned bullish for the next few trading sessions. One could wait for retracement around the blue box for better entry and long it till 105.5.
Long
by forexmasters2016
6