SHORT USDJPYConfluences:
+ MACD divergence
+ Fibonacci Retracement 0.5 + 0.6
+ Flip Zone
- Take Profit:
+ next Support / Resistance
+ Or Price Action ( My Favorite way )
Usdjpysignal
UsdJpy- carving strong baseSince the start of the pandemic, UsdJpy is trading downwards, but if we look at the daily chart we can see that this downtrend is anemic and looks more like a range with some bearish tone.
We have a recent low just above 103 and now the pair looks like it found a strong base in this zone.
I expect a trend reversal for UsdJpy and I have a bullish outlook as long as the price is trading above 103.
My target for medium-term is 108 zone
USDJPY H4As you can you can see , USDJPY in H4 has a chance to brake the triangle.
you can refer to USD Index chart analysis and see that , USD is starting to grow up.
USDJPYDouble bottom top potential. waiting for bearish candle under neckline!
Perfect risk to reward.
UsdJpy building upside momentumAfter 103.20 low, UsdJpy has risen aggressively and reversed 250 pips in one day. Either is BoJ intervention or just the market, 103 is very strong support now.
Now the pair looks like is building upside momentum and a break above 105 would signal a change of trend.
I'm bullish as long as 103 is intact
USD/JPY Buy Opportunity, Next Target 105.00USD/JPY Buy Zone @104.00
SL: 103.00
TP1: 105.00
TP2: 106.80
USDJPY LONG OPPORTUNITY The bullish trend has set to resume on the USDJPY, in a couple of days ahead we shall witness massive buy on usdjpy because we are currently at the beginning of wave 3,
Goodluck
USD JPY - NOV 15 -20 KEY LEVELSA few key levels to watch on this pair this week!
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