USD/JPY Discussion

Just got in a sell now
See how it goes

Trends like these can stick to the bottom or go sort of in the middle then continue, not all the time, vice versa if trend is opposite direction, higher probability trading at the line in the direction, i find higher success trades waiting for the break into form, its in a zone but trends like these very powerful, they r different to the sharp abc looking trends, if not properly managed and married to the wrong side becomes the account destroyer, if trend breaches zone monthly possible bearish close, huge monthly divergence could be in but couldnt be and could go all the way to 127-24, on the other side, nz au eu gbp chf cad vs u.s produced those weak inside weekly closes made test of the highs or breaks highly probable, eu, gbp weekly climbs previously consolidated similar moves with breaks not going to far, fresh highs into form or rejections possible take your pick on cross, risk on/off? dxy in multi year zone (100s of pips), could turn possible in or around daily zone, multi time frame moves on other u.s crosses will be analyzing for A+ setup, light A- B+ pickings possibly until, could be a while or next week, some exotic crosses look they r ripening for picking possibly, current thoughts

The USDJPY price action on the daily time frame is bearish. On Friday, price action broke down a minor area of consolidation. Although, presently, the price action is located at the 142.530 horizontal support, the technical impulse favours bears more than bulls. And we may still see further southward market engineering.

I may be wrong. Trade safe and prosper.

KP

Hello everyone and have a successful trading day! The USDJPY pair continues to move downwards. At the same time, the price broke through the support level of 142.90 and consolidated below it. Now this level has become resistance and, as you can see, it is quite strong and constantly rebounds the price downwards when testing it. I am considering selling from this level with the target of the support level of 142.10.

more likely rebound to 143.30 in the best case 143.70 its 61.8 of the move

buy pressure is already there,just need to wait the valuation at undervalued

divergence must be the most powerful of signals, beating the account destroyer this time, for now, 5 to 30 extended all the way back to the 1st drop, 1h 4h pretty clean in the zone

It’s been fun on demo. Weeeeeeeeee! Up down red blue. Idea stayed the same. Will want to add at 141.5 but straight to 152 would be cool lol jk

I imitate.

Question
WHY
do I use
High 150.00
Low 137.50

1250pips. Depends on the user.
For me: