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Usdjpylong

Additional Long positions can be added to USDJPYI'm currently long USDJPY at 134.737 and 134.892. My target is 138.700. I'm looking for any opportunities to scale in additional entries to capitalize on this massive move. There is excellent 4H bullish sentiment as TDI suggests that price is still overall bullish. The Daily is pushing for structural higher highs. The 1 hour timeframe is clearly in an uptrend and there's some confluence of a pullback after the 1H presented an evening star at its most recent high. I anticipate a retracement near the 136.160 area, 4H support (re-test) or potentially the back of a trendline. Intraday setup but the volatility is present for a bullish push. A reversal candlestick on top of support and in a confluence area will trigger another buy.
Long
by DesharedPierreJr.
Dollar/Yen Early 15minute Entry from a Daily setupI decided to go as low as the 5minute timeframe for an entry into this Bullish Pair. As I noticed price respecting structure creating higher highs and higher lows on the 1hour, 30min and the 15 minute time frame, I felt very confident going Long upon a retest of any support along with a reversal candlestick. After a 30 min higher high and a retest on the buy side of a strong correction trendline, I decided to go Bullish immediately. This entry is very tight considering the fact that this is a DAILY setup. My target projection is -27%. @ 138.700 of a Daily 78.6 retracement. My stop loss is beneath the prior 1H low as I notice price respecting structure @ 134.357. Risk to reward was excellent at 13.7
Long
by DesharedPierreJr.
USDJPY Potential Buy USDJPY slowed down this week after seeing some bullish movement for last two. There is a chance thar UJ will go into a short-term buy based on MA indicators, support is forming around price 134.300 . If price rises above 135.400 we may see it reach resistance price 136.100 . Buy Entry: 134.800 Targets: 134.930 | 135.050 | 135.400 | 135.670 | 135.950 Resistance: 136.100 Be sure to follow, like and let me know what you think in the comments below.
Long
by DollarYenQueen
USDJPY | Perspective for the new week | follow-up detailsThe Japanese Yen advanced during the most part of the previous week, capitalizing on sustained weakness in the US Dollar as markets bet on a Fed Reserve's hint on a potential pause in the Federal Reserve’s rate hike cycle making it one of the viable safe-havens. However, the employment expansion in April was 73,000 beyond expectations, moving the jobless rate a notch lower to 3.4% from a previous 3.5% and making it difficult for the Fed to consider stopping raising interest rates. In this regard, the Greenback may likely capitalize on this theory to gain some traction in the coming week(s). From a technical standpoint, this video highlighted the chances both sellers and buyers have from the current market condition(s) in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of the previous day, the market sentiment for USD was quite up SIDE. The main reason for this is that the JPY started to weaken slightly and the short-term positive sentiment to the dollar. That's because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But at present, the FED can increase the RATE HIKE or their CEILING RATE at any time. However, the FED stated in an earlier meeting that inflation data is still being monitored. - At present, all markets including STOCKS and COMMODITIES are going down a bit due to market RISK OFF. - Of course, the chances of USDJPY going up a bit more and moving to level 137.91 are very high. Anyway, before that, the level of 129.52 can be down to the USDJPY price. We are focused on market updates and market sentiment. Follow the given market structure
by benny_marshall
USDJPY - Bullish price action ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from bullish OB. Now I see only bullish price action and my target is new BOS. Fundamental analysis: Tomorrow we have news on USD, will be released CPI and on Thursday PPI, these 2 are very important news, so we have to pay attention to the results. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
USDJPY: Good opportunity for buyers!Fundamental Overview If the Federal Reserve were to hold its meeting today, it would likely keep interest rates at their current level due to the uncertainty surrounding the banking industry. However, market conditions can change rapidly, and if there are no sudden bank failures over the weekend, there is a good chance that the Fed will increase rates by 25 basis points. The Fed tends to continue raising rates until there is an issue, and if the only issue is with SVB, then high inflation rates will likely prompt further hikes. This will result in a stronger US dollar and eventually, a decrease in stock prices once investors realize that no new bank failures have occurred. Buy GOLD when price breaks the box!!!!
Long
by Sphyn-Trader
5
The Yen to take a Dump vs the Dollar. BUY UJ tomorrow AMUSDJPY is overwhelmingly bullish now that price has retraced on the Daily timeframe to form a Higher Low. From the top down its very evident that higher highs are on the horizon. There was some weekly indecision at the high last week at a strong resistance level. After a Daily bullish correction trendline was broken price retraced bearish to re-test the back of a trendline, 78.6 Fibonacci level, as well as a 3rd trendline bounce. This is all confluence for a long set-up. Last Thursday (5/4) and Friday 5/5) created two indecision candles on top of structure as well as a reversal signal in the mix. This is a recipe for a Long bias. A clear daily set up. Higher high. Higher low. Indecision on top of support. Price is currently on the buy side of two strong trendlines. I'm looking for a re-test to go long. for another Higher high, potentially to the next weekly Level.
Long
by DesharedPierreJr.