Usd/Jpy

-Buy
-Setup 1 (trade off the high/low of day)
-Oversold stochastic
-Reversal indicator
-4hr/1hr indicator
-No news catalyst
-Aim for 10 pips, put trailing stop loss

Still back testing setup 1
-either trade only with 3 or more touches off same area
-trade with only 2 touches off same area
-trade only according to the trend
-trade only on with two touches from stochastic on 15m on the same session
-Lastly, trade only when first touch of support or resistance has been made the session before and touching the same area on current session

Currency Pair: USDJPY Time Frame: 30min Trend: Sideway Momentum: Bearish Structure Waves: The market is located in a correction Waves. Strategy: Swing strategy . Short R/R:~ 2.7 Entry & Exit points on the chart Weekly chart of the $JPY says it all with global markets implying an impending recession, will the $JPY be the tradition safe haven trade or will the BoJ pull all stops to shore up the economy? Wedges traditionally have a 50:50 breakout probability on each direction... though it can also be a flag where it will be a continuation pattern... Either way, it is a post-ante decision which means it is best to sit in the sidelines till we get a clearer picture.

1.Buy opportunities present themselves in a break to the upside in the current zone. 2. sell on the break of 4H trend line. EXPECT market to consolidate till 4H trendline touch and also this week will resume trade talks with China so be careful as always.

- wait for 4H close (pinbar) then buy @CMP - OR buy stop @109.300 - TP1 @109.700 -TP2 @110.200 - SL @109.100

Today's analysis:-

Pair:- Usd jpy

As per analysis, Bullish trend seems to be there in market and the price will rise up.

I recommend Buy signal on it.

Support Levels:-

Support1: 109.35
Support2: 109.4
Support3: 109.43

Resistance Levels:-

Resistance1: 109.48
Resistance2: 109.49
Resistance3: 109.54

Today's market technical analysis for usd/jpy

price 109.46

market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as

1-Resistance level = 109.80
2-Resistance level = 110.30
3-Resistance level = 110.90

1-Support level = 109.20
2-Support level = 108.90
3-Support level = 108.60

Today usd/jpy rate is 109.468
In my observation the profitable next selling ponit will be 109.368
and by my mind the profitable next buy point will be 109.568
You will earn more money if you will follow my views
because i have posted this after checking the previous routine clearly
good luck

USDJPY Today Analysis

PIVOT POINT 109.34

Support 1 109.12

Support 2 108.92

Support 3 108.71



Resistance 1 109.53

Resistance 2 109.75

Resistance 3 109.95

the pair is hovering below important resistance at 82.00 ,also approaching to top of the descending channel,and 120 period moving average also,oscillator shows overbought and evreything is prepared fot going short at the market with good risk/reward rathio . my tp is placed at 80.00

USD/JPY market technical analysis

market trend is going bearish
market price = 109.18
Resistance levels
the market could break the first resistance at =109.32
the market could break the second resistance level at =109.44
the market could break the third resistance level at =109.55

Support levels
the market could break the first support levels at =109.04
the market could break the second support level at =108.94
the market could break the third support level at =108.84