USDJPY set up ideas and trades

[ForexTus]

I think ultimately we are bullish USD at the moment with DXY showing clear intent to take aim at the recent highs and go further.

Im in agreement. I have been watching DXY for a while now and i think its going to really make it difficult to see this pair going down

 

[TareqS]

The pair had a strong rejection at 137.640 in the H4 chart. However, the up trending channel's support is still intact. This means the buyers may wait for the price to come at the value areas and produce a bullish reversal pattern to go long in the pair.

 

[ForexTus]

The pair had a strong rejection at 137.640 in the H4 chart. However, the up trending channel's support is still intact. This means the buyers may wait for the price to come at the value areas and produce a bullish reversal pattern to go long in the pair.

What does a bullish reversal pattern look like?

 

[TareqS]

The pair made a very significant bullish breakout at 137.700. The buyers may wait for the price to consolidate and produce a bullish reversal candle to go long in the pair.

 

[FriendlyFX]

Any updates on your trade think it mitigated that upper Supply albeit a tad over your own poi

 

[TareqS]

The pair has been moving towards the North gradually. The H4 chart suggests that the pair may consolidate within 139.700-140.800. A bullish breakout above consolidation resistance may push the price towards the North further.

 

[Glastonburyk]

The pair has been moving towards the North gradually. The H4 chart suggests that the pair may consolidate within 139.700-140.800. A bullish breakout above consolidation resistance may push the price towards the North further.

Nothing for sure right now

 

[sebking1986]

Comparing the DXY to this chart tells you something about the strength of JPY at the moment.

 

[TareqS]

The pair has been moving towards the North sluggishly. The level of 140.800 may work as a level of resistance and drive the price towards the South. Traders are to be very patient here.

 

[ForexTus]

Comparing the DXY to this chart tells you something about the strength of JPY at the moment.

I use DXY so much for USD pairs. Its a hidden gem