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Usdjpylong

USDJPY H4: Bullish outlook seen, further upside above 131.00On the H4 time frame, prices are approaching the support zone at 131.00, in line with the 50% Fibonacci level where a throwback to this zone could present an opportunity to play the bounce. A break above the upside confirmation level at 134.50, which is also the graphical swing high resistance could provide the bullish acceleration for further upside in prices, to the resistance zone at 137.80. Stochastic is testing support at 0.45 as well supporting the bullish bias.
Long
by T3-Consultancy
1
USDJPY D1: Bearish outlook seen, further downside below 134.20On the daily time frame, prices broke below a key support zone and are holding in a descending channel where a pullback to the resistance zone at 134.20, in line with the descending channel’s resistance, graphical resistance area and Fibonacci confluence levels presents an opportunity to play the drop to the support zone at 126.80. The 126.80 support zone coincides with the graphical swing low and Fibonacci confluence levels. Prices are facing bearish pressure from the Ichikmoku cloud, supporting the bearish bias.
Short
by T3-Consultancy
1
USDJPY H1: Bullish outlook seen, limited upside above 133.20On the H1 time frame, prices are approaching the support zone at 133.20, in line with the 38.2% Fibonacci retracement level and a throwback to this zone presents an opportunity to play the bounce to the resistance zone at 135.60. This resistance zone is also the previous graphical area that has been tested as both a support and resistance. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
Long
by T3-Consultancy
We have an analysis of the USDJPY H4 chart.We used the theory of price action in order to conduct this analysis, so that we could guide our decision-making process. The price is coming from the Descending channel. Duringis movement, the price has made multiple pullbacks and bounce backs on supports and resistances, as indicated in the analysis. The price has fallen from the channel's upper trendline & resistance. If this trendline and resistance are respected, then we will look at the down side support area of 131.920.wever, if the price breaks both the trendline and resistance area, then we will look at the up side resistance areas 141.495 & 145.516 as our new trade target. With this analysis, you will be able to find your most profitable trade, since Enclavefx believes in enhancing the knowledge of our clients & followers.
by Enclave_fx
USDJPY | Perspective for the new week | follow-up detailsFollowing a rollercoaster🎢 of ups and downs last week, we were able to close the week with over 500pips in profit (see the link below for reference purposes). Results from Friday's data revealed that Japanese manufacturing activity contracted more than expected in December thereby weakening demand and further denting productive capacity. How will this development reflect on the charts? In this video, we looked at the charts from a technical standpoint and identified a structure within the 138 and 135 zones for trading opportunities in the new week. 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
6