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Long term bias is still bullish

Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 109.99.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger…
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Long term bias is still short on USD/JPY

Daily Vision

The USDJPY was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above 114.70. I still prefer a bullish intraday scenario at this phase targeting 114.10 region.
Immediate resistance is seen around 114.78. A clear break and daily close above that area could trigger further bullish pressure testing 113.96 region. Immediate support is seen around 113.30 .
A clear break below that area could trigger further bearish pressure whi…
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USDJPY Loses upside momentum

Daily analysis
USDJPY printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 121.45 level. A turn below here will open the door for more weakness targeting the 121.89 level and followed by the 121.65 level. A cut through here will bring additional weakness towards the 121.36 level.
Weekly analysis

USDJPY opened the week at 121.74 and touched a high of 121.85. The …
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USD/JPY forming a bearish pattern

Daily analysis
124.16 was an important cap in late June. The round number of 123 has strengthened in resistance as the pair trades at higher levels.
The pair touched resistance at 121.50 before retracting. It is currently an immediate resistance line.
USD/JPY ended the weak at 120.40, which was a swing low in July, 119.19 has held firm since October.
Weekly analysis
The yen has showed some improvement in the month of December, as USD/JPY close to the symbolic 120 level. The upcoming week will be…
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USD/JPY forming a bearish harmonic pattern

Daily analysis

126.59 has remained intact since May 2002. The very round number of 125 remains an important resistance line. 124.16 was an important cap in late June. The round number of 123 was tested for a second straight week and is currently a weak resistance line. It could see further action early in the week. 121.50 is providing strong support. This line was a key resistance line in September. 120.40, which was a swing low in July, is next. 119.19 has held firm since October. It is the fi…
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USD/JPY facing a strong trend line resistance

Daily analysis

USD/JPY facing strong trend line resistance around 121.50 (trend line joining 121.22 and 121.48) and any break above confirms further bullishness, jump till 122.40 is possible.
On the downside minor support is around 120.98 and break below will drag the pair till 120.50/120.30/119.95 in short term.
Further weakness can be seen only below 119.60.
It is good to buy only above 121.50 with SL around 120.98 for the TP of 122.40/123.10.
weekly analysis
USD/JPY opened the week at 119.30…
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Long-Term Reversal Also a Short-Term Range

Weekly :
USDJPY is captured between two ranges:
- Range 120 - 119.70
- The wedge pattern
The main reason why USDJPY cann't rally while other pairs go up is that:
- Investors still sell stock and hesitate in buying it.
The fear that FED would hike rate leading to higher borrowed cost make investors worry to continue buy equity.
However, I don't think higher borrowed cost is a big problem.
If FED hike rate by 1% : That is a big deal, but 25bp is not a big deal. As US economy still perf…
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Analysing USDJPY on the weekly and daily and 4H timefrimes

Weekly view: What a week the USD/JPY pair has had! This has to be one of the most vicious buying tails (pin-bar candles) we’ve seen in a long time! Although price was actually stretched close to 600 pips during last week’s trade, the market closed a mere thirty or so pips below the prior week’s close (122.01) at 121.68 within a weekly swap (support) barrier at 122.01-121.40.
Daily view: From the pits of the daily scale, we can see that the 600-pip sell-off spike seen on the weekly scale took p
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USDJPY : Buy the dips up to weekly supply

Weekly TF:
Follow-through buying is currently being seen on the USD/JPY after price broke above the weekly supply area at 105.432-104.065. From here, we see very little on this timeframe stopping price from hitting the heavy-weight weekly supply area at 110.652-108.123.
Daily TF:
The buying seen on this pair is pushing prices deeper within a daily supply ar ea at 106.946-105.083. This area will not likely hold up since most, if not all of the major supply has already been consumed, take a quic
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Ucef 22 9月

Update 1:  A new 3rd wave building.. a wave 3, 4 and 5 complete on the daily as well as an ABC and another wave 1 and 2, now building on wave 3 on the weekly time frame. This one will shoot for the stars a well.

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Ucef 26 9月

Update 2:  Till now we earned more than ( 3000 pips ).. That pair has been in a very strong up trend, but has also recently failed to make a new high. Now it's correcting, breaking the bull trend line, likely retracing by 38.2%, 50%, 61.8% . so it's advisable to wait for the correction to die out, before going long again. The USD is still the strongest currency, while the JPY is weak.

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Ucef 29 9月

Update 3:  the price is still going up. Because of this, it is likely that the price will reach the 110 level, which is the Significant Round Number. It is probable that the price will consolidate in this area. tomorrow a lower Japan Industrial Production m/m result will likely push the pair higher, this will definitely be the case if Chicago PMI and consumer confidence will be positive later in the day, which is a high probability.

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